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Woodbine Cottage, 5 Albion Street
Ripley •••••
£1,200/mo
Why the landlord is looking for a dealMoving Away from ASTs / Private Renting
This 3-bedroom property is currently being refurbished and will be finished to a high standard. A brand-new kitchen has been installed, the front door has been replaced with a modern composite door, and electrical upgrades are nearing completion. Redecoration will be carried out once the remaining works are finished. Located in a quiet residential area close to Ripley town centre, the property is well suited to contractor accommodation, with easy access to the A38 and major employment hubs across Derbyshire, Nottinghamshire, and the wider East Midlands. It also has a driveway with parking for four cars, so its ideal for contractors.
Verified by a management company
Type
House
Bedrooms
3
Bathrooms
1
Furnishing
Part Furnished
Parking
Driveway
EPC Rating
B
Planning Use
Residential House (C3)
Tenancy Status
Vacant
Service Accommodation Profit
Drag to see how occupancy affects profit, breakeven and 5-year projections below.
Adjust the rent to see what figure works!
Profit — Self Managed
£730
at 70% occupancy
Profit — Via Mgmt Co
£381
at 70% occupancy
Breakeven Analysis
Months to recover all-in costs based on monthly profit at 70% occupancy:
Self Managed
19
months
Via Management Co
36
months
5-Year Profit Projections
(After all-in startup costs, at 70% occupancy)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £-4,740 | £-8,928 |
| 2 Years | £4,020 | £-4,356 |
| 3 Years | £12,780 | £216 |
| 4 Years | £21,540 | £4,788 |
| 5 Years | £30,300 | £9,360 |
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Floor Plans
Service Accommodation Revenue
Est. Nightly Rate
£130
per night
Est. Monthly Revenue
£2,730
at 70% occupancy
Comparable Listings
Who This Property Suits
Based on the location and property type, this serviced accommodation is likely to appeal to the following guest types, ranked by suitability:
Contractors
High demand from nearby industrial hubs like Codnor Gate Industrial Estate and ongoing regional infrastructure projects in Derbyshire.
Corporate Guests
Proximity to established business parks in Ripley and the wider Amber Valley district supporting local commercial activity.
Relocation Guests
Ripley serves as a commuter town for Derby, attracting families and professionals relocating for work in the region.
Insurance Guests
Standard demand for temporary housing solutions for local residents displaced by property damage in the Amber Valley area.
Families Visiting Relatives
Demand from families visiting relatives living in the residential areas of Ripley and surrounding Derbyshire towns.
NHS Staff
Potential for bookings from locum staff working at nearby healthcare facilities serving the Amber Valley and Derbyshire Dales.
Leisure Travellers
Limited tourism draw compared to the nearby Peak District, though Ripley serves as a base for visitors exploring Derbyshire.
Monthly Costs
SELF MANAGED
VIA MANAGEMENT CO
All-In Costs to Get Started
Select your furnishing package:
Using staff estimate: £7,500. Select a package above to update ROI figures.