1 & 2 Dale Cottages, No Mans Lane, Risley, Derby
East Midlands
£380,000Guide Price
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
6Type
CottageFeatures
- Garden
- Parking
Description
Offered at public auction, this freehold property comprises two adjoining semi-detached cottages in a rural setting between Derby and Nottingham. Each cottage has a lounge, dining room and rear kitchen on the ground floor, with three bedrooms and a bathroom upstairs. The accommodation is currently arranged as two separate dwellings, with the possibility of combining them into one larger home subject to the purchaser’s requirements and any necessary consents.
Both cottages require full modernisation and renovation. The listing also identifies scope to extend, subject to planning permission. Outside, the property has a generous plot with lawned areas, established planted borders and off-road parking for multiple vehicles, accessed via a right of way over a private track. Mains electricity and water are connected; the seller is not aware of other connected services. Vacant possession is offered on completion. The sale is by public auction, and prospective purchasers should review the auction conditions and verify the property’s services, access arrangements and development possibilities.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: LOW
The standout here is the chance to shape two adjoining cottages on a generous rural plot: renovate them as separate homes or explore combining them into one larger house, with extension potential subject to planning permission. Traditional fireplaces, exposed beams, mature planting and rural outlooks give the project character beyond the work itself. The photographed interiors show substantial scope for new finishes, flooring and modernised facilities, with renovation estimated at £65,000–£115,000.
At 51/100, this is a weaker overall opportunity rather than a straightforward value-led buy. The floor area is missing, so value against local £/sqf cannot yet be judged; the purchase-plus-renovation midpoint is about £470,000, but there is no floor-area or stated GDV basis to assess the residual value. The cottages appear standing, with no clear major roof or structural failure visible, though the roof looks aged.
Key opportunities
- Choose whether to renovate the two mirror-image cottages as separate homes or investigate combining them into one larger dwelling, subject to feasibility and any required consents.
- Use the substantial interior works to refresh the dated kitchen and bathroom, renew worn finishes and bring the cottages up to a consistent standard while retaining features such as traditional fireplaces and exposed beams.
- Make more of the generous plot, mature planting and rural outlook, with scope for garden improvements and a possible extension subject to planning permission.
Key risks
- Two cottages with worn and damaged finishes, dated facilities and an aged-looking roof make the £65,000–£115,000 works allowance a substantial budget and programme commitment, not a cosmetic refresh.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
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
£1,436
Based on a loan of £285,000 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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
