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See how verdicts work2-bedroom house · DE4 3QH
For saleReduced £5k (−2.2%) on 14 OctListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Grants of Derbyshire are delighted to offer for sale this Grade II listed , charming two‐bedroom cottage arranged over three floors and situated in a popular, convenient location just a short walk from the centre of Cromford.
The accommodation comprises a cosy living room and kitchen on the ground floor, bedroom two and the bathroom on the first floor, and bedroom one on the second floor.
Outside, the property benefits from elevated, low‐maintenance tiered patios, providing ample space for a table and chairs, an ideal spot to relax and enjoy the stunning views of the surrounding countryside.
Viewing highly recommended. Virtual tour available. No upward chain. The property is currently a successful holiday let and second home.
There is the option to buy the company/furniture in which the house is the only asset. This has tax advantages and would mean no second home stamp duty would be payable.
Ground Floor To the front of the property, the entrance door with glazed panel opens directly into the Living Room (4.31m x 4.15m) A beautiful reception room full of character, featuring ceramic floor tiles and original ceiling beams.
The standout feature is the substantial stone fireplace with raised hearth, housing a gas fire and creating a warm focal point.
To the right of the fireplace is built‐in seating, offering an ideal spot for a dining table, with additional space for chairs beneath the front‐aspect windows.
These are charming casement windows set within exposed stone mullions, complete with fitted shutters and secondary glazing.
To the rear, a part‐glazed stable‐style door provides access to the exterior of the property.
Kitchen (2.01m x 1.96m) With a continuation of the tiled flooring, the kitchen is fitted with a range of base units and roll‐top work surfaces, complemented by smart tiled splashbacks.
The inset stainless‐steel sink with swan‐neck mixer tap is positioned beneath the uPVC double‐glazed window to the side aspect.
Integrated appliances include an electric oven with four‐ring gas hob and extractor hood above. There is ample space for a freestanding fridge‐freezer, along with plumbing for a washing machine.
In one corner sits the wall‐mounted Ideal combination boiler, providing hot water and powering the gas central heating system.
First Floor The beautiful wooden staircase leading up from the ground floor reaches the Landing With exposed wooden floorboards and a uPVC double glazed window to the rear aspect with a deep stone sill.
Ledge and brace doors provide access to the shower room and bedroom on this floor and an additional door opens to the staircase leading up to the upper floor.
Bathroom (1.51m x 2.34m) With a rear aspect uPVC double glazed window with obscured glass and original floorboards, this shower room is fitted with a three piece suite comprising tiled shower cubicle with mixer shower, pedestal wash hand basin and a high level WC.
Bedroom Two (2.76m x 2.40m) Located on the first floor, this spacious double bedroom features characterful oak ceiling beams and a beautiful stone fireplace, adding real charm to the room.
A front‐aspect window allows plenty of natural light to flow in, while built‐in cupboards provide excellent storage.
Second Floor The wooden staircase rising from the first floor leads directly into Bedroom One (4.43m x 3.66m) Another stripped pine door with iron latch leads into this double bedroom.
Featuring a high ceiling and carpeted flooring, the room feels bright and airy, with a tall window offering charming views. A hatch above provides access to the well‐insulated loft.
Outside Immediately to the rear of the property is a small courtyard area.
From here, stone steps rise from ground level through the terraced gardens to a delightful patio and seating area, offering stunning, far‐reaching views over the rooftops towards Black Rocks.
Council Tax Information **As the property is currently run through a business, no business rates or council tax are payable.** We are informed by Derbyshire Dales District Council that this home falls within Council Tax Band A which is currently £1613.39 per annum.
Directional Notes The approach from our office in Wirksworth is to continue left along Harrison Drive and up Steeple Grange in the direction of Cromford.
As you descend the hill towards Cromford Market Place take the left turn just before the traffic lights onto Water Lane.
Proceed along Water Lane for approximately 300m and park on the left hand side after the village pond and water mill. Number 36 is on the right hand side of the road.
Garden Immediately to the rear of the property is a small courtyard area.
From here, stone steps rise from ground level through the terraced gardens to a delightful patio and seating area, offering stunning, far‐reaching views over the rooftops towards Black Rocks.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About 36 Water Lane, Matlock
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