2-bedroom flat · DE4 3FQ
Listing removedListed 87 days · slow let
Opportunity summary
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About
An immaculately presented, newly refurbished, first floor apartment, ideally located in a popular residential area, close to local amenities and within easy reach of the town centre of Matlock.
This generously proportioned, contemporary design apartment offers; 2 bedrooms, en-suite shower room, family bathroom, Open plan living/dining/kitchen.
The property benefits from a rear patio and its own entrance door.
Entering the property via a half glazed entrance door, which opens to a staircase which rises to: CENTRAL HALLWAY 8'7' x 6'9' (2.44m x 1.83m) Having central heating radiator, intercom link to the entrance door and panelled doors opening to: OPEN PLAN LIVING/DINING/KITCHEN 11'11' 19'" x 9'' 8'11" (3.84m x 2.95m) An 'L' shaped room with front aspect UPVC double glazed windows.
The kitchen area of the room has slate tiles to the floor and a good range of contemporary kitchen units in a high gloss finish with cupboards and drawers beneath a granite effect work surface, with a matching upstand and wall mounted storage cupboards.
Set within the work surface is a one and a half bowl sink with mixer tap and a four burner gas hob over which is an extractor canopy. Beneath the hob is a fan assisted electric oven.
Space for a fridge freezer and ample space for a family dining table. Sited within the kitchen is the combination gas fired boiler which provides hot water and central heating to the apartment.
The Sitting Area of the room is carpeted and has halogen downlight spotlights and a television aerial point with satellite facility.
BEDROOM ONE12'' x 11'10' (3.66m x 3.35m) Having a rear aspect UPVC double glazed window, central heating radiator, panelled door opening to: EN-SUITE SHOWER ROOM 6'9' x 5'11' (1.83m x 1.52m) Having a tiled floor, rear aspect double glazed window.
tiled shower cubicle with Mira Sport electric shower. Pedestal wash hand basin and dual flush closed coupled WC.
A pair of doors open to a utility cupboard with space and connection for an automatic washing machine and fitted storage shelving.
The shower room is illuminated by halogen downlight spotlights and there is an extractor fan.
BEDROOM TWO 12'' x 9'' (3.66m x 2.74m) With a front aspect UPVC double glazed window, central heating radiator, television aerial point with satellite facility.
This bedroom would make an ideal sitting room if not required as a bedroom.
FAMILY BATHROOM 9'' x 8'8' (2.74m x 2.44m) With a rear aspect UPVC double glazed window with obscured glass and slate tiles to the floor.
Suite with panelled bath, pedestal wash hand basin and dual flush closed coupled WC, tiled shower cubicle with a mixer shower.
The room has a central heating radiator, an extractor fan and halogen downlight spotlights. OUTSIDE To the rear of the property is an enclosed patio, ideal for sitting out and drying clothes etc.
Parking restrictions only apply Monday to Friday 8am to 6pm and weekends there are no parking restrictions. SERVICES All mains services are connected to the property.
For Broadband speed please go to For Mobile Phone coverage please go to DIRECTIONS Leaving Matlock Crown Square via Bank Road follow the road up the hill turning right By County Hall into Smedley Street East where the property can be found on the left hand side.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About Smedley Street East, Matlock
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