High Street, Riddings, DE55
East Midlands
£80,000
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceDescription
Derbyshire Properties in Alfreton are marketing this two-bedroom semi-detached house with vacant possession and no onward chain. The property is described as requiring full refurbishment and is available to cash buyers only, making it a project for purchasers prepared to assess and carry out substantial work.
The council tax band is stated as A, with Amber Valley Borough Council. Services, appliances, measurements and legal title have not been verified by the agent, so buyers should make their own checks and obtain independent advice before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: LOW
This vacant two-bedroom house is a substantial project, with damaged finishes across several rooms, visible ceiling staining and cracking to the front render. The older kitchen and bathroom add scope to reshape the interior, while the visible boiler and radiators are a useful starting point, though their operation is unverified. The works are estimated at £45,000–£75,000, so this is a full refurbishment project rather than a cosmetic refresh; investigate the cause of the staining and the render defects as part of assessing the job. The listing says cash buyers only.
At £80,000, the price per square foot cannot be compared with local figures because the floor area is missing, so value versus local £/sqf cannot be judged yet. The overall score is low, with the missing area data limiting both the price/value and residual-value assessment.
Key opportunities
- Use the full refurbishment to create a coherent finish across the living spaces and two bedrooms, replacing damaged flooring and making good the marked walls.
- Rework the dated kitchen and bathroom as part of a broader interior update.
- Address the cracked, discoloured front render and worn entrance hardstanding to improve the exterior presentation.
Key risks
- Damaged finishes across several rooms, ceiling staining and visible render defects need investigation and repair; the cause of the staining is not established.
- The £45,000–£75,000 works range and widespread damage make this a full refurbishment programme, with a materially larger budget and timescale than a cosmetic refresh.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£302
Based on a loan of £60,000 over 30 years at 4.45% interest
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