We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DE4 3AT
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within Jubilee Buildings, one of Crown Square’s traditional and distinctive Victorian premises, Flat 1 is elegantly proportioned and occupies much of the first floor.
Interesting views stretch across town centre buildings, neighbouring Hall Leys Park across the road and beyond to the slopes which rise to the iconic Riber Castle.
The flat offers a rare town centre opportunity, whether for owner occupation or as a letting investment.
To the second floor of the building there are two further flats, each sharing the common entrance stairs and landings.
Matlock is a thriving market town which boasts a wide range of shops, bars and restaurants, including Costa, M&S Foodhall and Sainsbury’s, along with other independent run businesses, a football ground and cricket pitch, plus the attractive Hall Leys Park is a stones throw from the flat and offers an ideal spot for family recreation.
Matlock is a draw for tourism and often considered the gateway to the Peak District National Park providing ready access to the surrounding Derbyshire Dales countryside.
The town has the benefit of a railway station linking to the national network via Derby, whilst good road communications provide commuter links to the neighbouring centres of employment to include Bakewell, Chesterfield and Alfreton, with the cities of Sheffield, Derby and Nottingham within daily commuting distance.
Accommodation Positioned on the first floor of the building and accessed via a flight of broad communal stairs, a front door opens to an entrance hall with doors off to… Bathroom – being fully tiled, with a white suite including a WC, wash hand basin and panelled shaped bath with glazed screen and mixer shower tap.
Window facing the rear. Utility / boiler room – housing the wall mounted gas fired boiler, which serves the central heating and hot water system, plus plumbing for an automatic washing machine.
A useful storage space with side facing window.
Dining kitchen – fitted with a range of cupboards, drawers and work surfaces which incorporate a stainless steel sink unit and 4-ring gas hob with extractor hood over and electric oven beneath.
Two side facing windows allow good natural light and there is ample space for daily dining.
A door opens to a short flight of stairs which lead to an inner hall with doors off to the… Sitting room – a generous living space which enjoys the benefit of a broad window with second smaller window to one side both looking across Crown Square, Hall Leys Park and the slopes which surround the town, including Riber Castle on the horizon to the right.
Bedroom 1 – a well proportioned double bedroom facing the front with similar town views. Bedroom 2 – a rear facing double bedroom.
Outside & parking While there is no allocated parking with the flat, excellent town centre options are available.
Notably, Derbyshire Dales residents receive a free annual parking permit per household, which allows free parking before 11am and after 3pm daily in nearby Council car parks, with affordable unlimited season tickets also available (more details can be obtained from the council offices on Bank Road).
Hall Leys Park is across the road and offers various recreational facilities such as skate park, tennis courts, bowling green, boating lake and children’s play area.
The park also hosts a variety of events throughout the year. Tenure – Leasehold – 999 year lease with peppercorn ground rent.
It is expected the new flat leaseholder will have an obligation to pay a fair proportion of the buildings insurance premium of approx. £250 per annum.
The residents maintain the communal spaces themselves. Services – All mains services are available to the property, which enjoys the benefit of gas fired central heating and uPVC double glazing.
No specific test has been made on the services or their distribution.
EPC rating – Current 67D / Potential 77C council tax – Band A fixtures & fittings – Only the fixtures and fittings mentioned in these sales particulars are included in the sale.
Certain other items may be taken at valuation if required. No specific test has been made on any appliance either included or available by negotiation.
Directions – From the agents office on Crown Square, turn right towards the bridge and the park and communal front door to the flat building can be found on the right hand side (between C W Sellors Jewellers and the travel agents).
Flat 1 is on the first floor. WHAT3WORDS – spouting.posts.epidemics viewing – Strictly by prior arrangement with the Matlock office . Ref: FTM11098
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About Flat 1, 8, Crown Square, Matlock
Explore nearby