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Morleyfields Close, Ripley DE5

East Midlands

£220,000

Listed on 13/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
715 sqft

Description

This inviting two-bedroom bungalow, situated on a tranquil cul-de-sac, presents a unique opportunity for renovation enthusiasts. With an appealing layout and generous dimensions, the property is positioned to take advantage of unobstructed views from the front, enhancing its overall charm. The ample driveway accommodates 2-3 vehicles and is complemented by a secluded garden featuring mature hedging that ensures privacy. Accessing the home through a side entrance leads into a spacious hallway with practical storage solutions. The bright lounge at the front of the house boasts natural light and picturesque views without nearby buildings obstructing the scene. A separate kitchen-diner provides access to both the side of the property and the rear garden, making it an ideal space for future upgrades. The bungalow includes two comfortable double bedrooms at the back, overlooking the private outdoor space, along with a three-piece bathroom. Outside, potential abounds with an expansive patio area and established garden borders, alongside a storage shed for convenience. While this well-cared-for home could benefit from some modern touches to realize its full potential, it stands as an excellent canvas for those wishing to personalize their living space. Located in Morleyfields Close, residents enjoy peace and tranquility while still being within easy reach of Ripley’s town centre for shops and transport links. This setting is perfect for individuals or couples looking to invest in their dream home with strong renovation possibilities.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +29.4% above area average per sq ft

+29.4%
This Property
£308/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£187,069
10% above area average per sq ft
Potential ROI
-26.6%
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
19%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -13.8% over the last 12 months
3 year growth: -9.3%
5 year growth: +6.1%
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

Morleyfields Close, Ripley DE5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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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