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Jessop Street, Codnor, Ripley DE5

East Midlands

£285,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1170 sqft

Description

This three-bedroom detached home, set on a generous plot of approximately 60m by 18m, offers ample outdoor space and significant potential for renovation or expansion. While the property is currently in good condition and ready for immediate occupancy, it also presents an exciting canvas for those looking to modernise or reconfigure their living space to meet evolving needs. The layout includes an entrance hallway, a front reception with a charming bay window, a secondary reception area, a fitted kitchen, and a ground floor bathroom. Upstairs, you'll find three light-filled bedrooms that are well-sized for family living. Outside, the property boasts extensive off-street parking along with a vast rear garden featuring mature plants, a greenhouse, and timber outbuildings. This large plot not only allows for potential extensions or alterations to the existing home but may also offer development opportunities for additional units, pending relevant planning approvals. Being sold chain-free enhances its appeal as a versatile investment in a desirable East Midlands location.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +4.1% above area average per sq ft

+4.1%
This Property
£244/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£301,094
10% above area average per sq ft
Potential ROI
-8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -10.8% over the last 12 months
3 year growth: -6.9%
5 year growth: +9.7%
Investment Disclaimer: Analysis based on DE5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Jessop Street, Codnor, Ripley DE5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,009
Based on a loan of £213,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

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