2-bedroom house · DE22 1DZ
Sold STCReduced £25.1k (−11.1%) on 27 MayListed 443 days
Opportunity summary
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About
This two-bedroom, two-bathroom cottage presents a unique opportunity for those seeking a characterful home in a vibrant community.
This property is perfect for first-time buyers, investors, or those in search of a quaint holiday retreat.
While the cottage requires modernisation throughout, this presents a wonderful chance for the new owner to personalise the space and truly make it their own.
Situated in the heart of Darley Mills, residents will enjoy a short stroll to a variety of popular wine bars and restaurants, making it an ideal location for socialising and enjoying the local culture.
The picturesque surroundings and community spirit of Darley Abbey further enhance the appeal of this property being a short walk to Darley Park and Darley Fields.
The Location - Darley Abbey is situated one mile north of Derby city centre and offers a good range of local amenities including a shop/café, hairdressers and historic St Matthew's Church.
It has a reputable village primary school (Walter Evans) which serves Ecclesbourne Secondary School located in Duffield.
Darley Abbey is well known for being on the doorstep of the beautiful Darley Park with its delightful riverside walks.
Excellent transport links are close by providing easy access onto the A6, A38, A50 and A52 leading to the M1 motorway.
The cottage is within a short walk to the vibrant Derwent Valley Mills including a fine dining restaurant and popular wine bars.
A further point of note is that the Darley Abbey village is one of the few World Heritage Sites.
Accommodation - Ground Floor - Entrance Hall - 1.65 x 0.78 (5'4" x 2'6") - With half glazed entrance door and storage cupboard.
Lounge / Dining Room - 6.75 x 4.85 (22'1" x 15'10") - With exposed brick chimney breast, decorative beams to ceiling, two radiators, character window to front, character window to rear and split level staircase leading to first floor.
Kitchen - 3.69 x 1.93 (12'1" x 6'3") - With a single, stainless steel sink unit with mixer tap, wall and base units with worktops, gas cooker, window to side and stable door giving access to garden.
Inner Lobby - 1.97 x 0.67 (6'5" x 2'2") - With plumbing for automatic washing machine and space for tumble dryer.
Bathroom - 1.96 x 0.67 (6'5" x 2'2") - With bath with shower over, fitted wash basin with fitted base cupboard underneath, low level WC, radiator and obscure window.
First Floor - 0.90 x 0.76 (2'11" x 2'5") - Double Bedroom One - 3.64 x 3.56 (11'11" x 11'8") - With radiator and character window to front.
Double Bedroom Two - 3.55 x 3.03 (11'7" x 9'11") - With radiator, decorative beams to ceiling and window to rear.
Shower Room - 3.72 x 2.08 (12'2" x 6'9") - With separate shower cubicle with electric shower, wash basin, low level WC, radiator, concealed Worcester boiler, storage cupboards and window to rear.
Garden - To the rear of the property is a private, manageable, enclosed rear garden which is paved with raised decking with summer house and side timber shed. Council Tax Band -
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Mill Cottage, Darley Abbey Mills, Darley Abbey, Derby
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