3-bedroom house · SK22 3EL
Under offerListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain, this substantial property is a compelling project for discerning developers or ambitious homeowners seeking a truly unique residence.
Formerly a commercial premises, the building retains a large ground floor shop space, offering versatile potential for an expansive open-plan living area, a dedicated home business zone, or a complete re-configuration.
The property requires a full scheme of renovation and modernisation throughout, providing a blank canvas for complete creative vision.
Currently, the accommodation features three generously proportioned bedrooms and three bathrooms, all of which will require updating.
Practical features include a basement (ideal for storage or conversion, subject to necessary consents) and a separate garage. Gas central heating is present, but its condition should be assessed.
The property also benefits from secure off-road parking for two vehicles.
Strategically situated in the heart of central New Mills, this property combines significant indoor space with the convenience of a vibrant local community right on the doorstep.
This is not a light refresh; it is an ideal investment for those prepared to undertake heavy structural and cosmetic work to unlock its considerable potential and maximise returns.
Viewing is highly recommended to fully appreciate the scope of this exciting opportunity.
EPC Rating: G Shop floor 4.78m x 4.39m Large timber double-glazed shop window, double radiator.
Landing 0.83m x 1.77m The landing is accessed via wooden stairs and is heated by a double radiator.
Living Room 3.94m x 4.24m Double glazed uPVC window to the rear elevation, double radiator.
Kitchen Diner 2.84m x 3.92m Double glazed uPVC window rear elevation, double radiator. Basement 2.71m x 3.9m Double radiator.
Stairway/ Landing 1.54m x 2.87m The second floor is accessed via a timber balustrade staircase, double radiator, the second section of the landing features a skylight for additional natural light.
Bedroom One 2.75m x 4.21m Double glazed timber window to the font elevation, double radiator.
Bathroom 1.89m x 1.85m Timber double glazed window to the front elevation. Bedroom Two 3.1m x 3.9m Double glazed uPVC window to the rear elevation, double radiator.
Utility Room 2.86m x 2.33m Timber rear door access to the external fires escape staircase leading to the rear garden.
Bathroom Two 1.91m x 1.6m Double glazed uPVC window with privacy glass to the side elevation.
Loft Room 4.42m x 2.79m Staircase with timber balustrade leading to loft room with a Velux skylight.
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
FAQ
About Union Road, New Mills, SK22
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