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Broadway, Ripley, DE5

East Midlands

£300,000

Listed on 03/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1204 sqft

Description

This late 1920s detached family home presents an exciting opportunity for cash buyers looking to invest in a property with significant potential. Nestled on a generous plot of approximately 0.175 acres in a desirable location, this house is conveniently close to town centre amenities. While the accommodation requires some upgrading throughout, it offers a solid foundation for creating a modern family residence. The ground floor features an open fronted entrance porch leading into a welcoming hallway. The spacious lounge boasts a living flame coal effect gas fire set within an attractive oak effect surround, while the adjoining dining area opens out to the lovely rear garden through French doors. A versatile study or fourth bedroom, along with a practical kitchen and ground floor bathroom, complete the layout. Upstairs, three well-proportioned bedrooms await, complemented by a vanity washroom. Externally, the property benefits from well-maintained gardens to both the front and rear, alongside a car port, driveway, and single garage. The mature rear garden offers ample space for outdoor activities and potential for further extensions (subject to planning consent). Viewing is highly recommended to fully appreciate the scope this property has to offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

41out of 100
Grade ELow opportunity

Confidence: MEDIUM

This late 1920s detached house presents a solid renovation project, nestled in a desirable location with a generous plot size of 0.175 acres. While the asking price of £300,000 is competitive at £249/sqf against the local average of £241/sqf, the overall economics are stretched. With renovation costs estimated between £40,000 and £120,000, the all-in costs could exceed local benchmarks for this floor area, limiting potential for margin improvement. The interior is dated, showing general wear and in need of modernisation, particularly in the kitchen and bathroom. However, the good-sized garden offers excellent potential for enhancement, and the property is well-situated for future extensions, subject to planning consent.

While the fundamentals of the property are strong, the current price/value ratio is limited, and the renovation economics present a significant challenge. Buyers should be prepared for a project that requires substantial investment to realise its full potential. This house is ideal for cash buyers looking to create value through thoughtful renovations in a sought-after area.

Key opportunities

  • Good-sized plot with potential for extensions (subject to planning consent)
  • Mature garden that can be enhanced to increase outdoor appeal
  • Opportunity to modernise dated interiors and increase property value

Key risks

  • All-in costs could exceed local benchmarks for this floor area, impacting potential returns

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Map

Location

Broadway, Ripley, DE5
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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Indicative tax based on the asking price and the options you select.

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