1-bedroom flat · DE4 3LZ
For saleListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old Bank, built in 1881, is being sensitively restored and transformed into a collection of 16 spacious apartments, blending timeless character with modern design.
This exciting town centre development combines the elegance of a Grade II listed conversion with the comfort and practicality of a brand-new extension.
The result: A choice of homes to suit every lifestyle, whether you’re drawn to period features or contemporary style.
The area Positioned in the very centre of Matlock, you’ll enjoy all the convenience of having shops, cafés, and amenities on your doorstep.
Excellent transport links connect you directly to Derby and Nottingham by train, and buses provide easy access to Buxton, Chesterfield, and Sheffield.
And with the Peak District National Park just minutes away, the best of town and country living is right outside your door.
The home Kitchen/ Living Space (3.26m x 5.25m) Bedroom (3.51m x 3.14m) Bathroom (2.00m x 1.78m) Externally - An allocated parking space complete with cabling for your own EV charger.
Tenure Leasehold - 999 Year lease. Share of the freehold. Draft service charges expected to be around £140 per month but are subject to change.
Agents note Development size/specification/layout are subject to change. Please check when viewing for up to date information and have your solicitors verify all information provided.
CGI and ai images will be used until the site is complete. Open day Saturday 27th and Sunday 28th June. Viewings will be available from 9.30am to 4pm in 15-minutes slots.
Please call you book your slot. The boring bits Money laundering - We may ask for further details regarding your identification and proof of funds after your offer on a property.
Please provide these in order to reduce any delay. Details - We endeavour to make the details and measurements as accurate as possible. However, please only take them as indicative only.
Measurements are taken with an electronic device. If you are ordering carpets or furniture, we would advise taking your own measurements upon viewing.
Services - No services have been tested by Buttercross Estates.
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 advisors 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){kind=logo}
FAQ
About Flat 12, The Old Bank, 8 Snitterton Road, Matlock
Explore nearby
