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See how verdicts work2-bedroom bungalow · DE5 9RZ
Listing removedReduced £5k (−2.6%) on 18 JulListed 423 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Matthew Thomas as pleased to welcome to the market this detached bungalow situated on Cross Lane, Codnor for sale with no onward chain.
The property has been within the same family for many years and requires general modernisation throughout. A viewing is advised to see the potential in this great property.
Property Description On approaching the bungalow you are greeted by a low maintenance gravelled frontage with hedge boundaries and a planted tree.
The front offers space on a tarmac driveway to park one car but this could be extended onto the gravelled area to create more parking should the next occupier wish.
You enter the property via the front door into the spacious hallway with original parquet flooring and handy storage cupboard. The hallway provides access to each room of the bungalow.
To the front elevation are two double bedrooms with double glazed windows and radiators.
To the rear of the property is the lounge with is a welcoming room with double glazed patio doors leading to the rear garden. There is a mantlepiece with electric fire within this room.
The kitchen is also to the rear of the property and has countryside views.
Within the kitchen there is a range of wall and base units with work top over and there is space for an oven and washing machine. There is a newly fitted boiler located within the kitchen.
The shower room is partly tiled with an electric shower housed within a corner cubicle with a wash basin and wc. The loft can be access withing this room.
The loft is a huge open space which is well insulted and partly boarded to enable easy storage.
There is potential to extend into the loft with a conversion subject to the necessary planning permissions.
To the rear of the property is a patio seating area and steps down to a variety of shrubs and bushes. The garden is a good size and is enclosed by a fenced boundary.
The property can be access from the front via side access and there is a carport for addition parking or storage. Contact us today to arrange a viewing!
Measurements: Lounge: 3.9m x 4.5m Kitchen: 3.7m x 2.9m Bedroom One: 3.6m x 3.4m Bedroom Two: 2.8m x 3.1m Shower Room: 1.8m x2m
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 15, Cross Lane, Ripley
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