2-bedroom flat · DE4 3GL
Listing removedListed 153 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION – A stylish ground floor two bedroom apartment within this imaginative church conversion, ideally suited to the single occupant or busy professionals seeking a quality low maintenance home.
The accommodation comprises entrance hallway, open plan kitchen with appliances including oven and hob, fridge/freezer, washing machine (washing machine is available for the tenant to use but will not be replaced by the landlord) and living area, two double bedrooms (Note: one bedroom does not have a window) and bath/shower room.
The property lies close to Matlock’s town centre facilities and the local bars and shops on Smedley Street, together with County Hall, being a major town employer.
Good road communications lead to surrounding centres of employment to include Bakewell, Chesterfield and Alfreton, whilst the cities of Sheffield, Derby and Nottingham all lie within daily commuting distance.
The delights of the Derbyshire Dales and Peak District countryside are on the doorstep. SERVICES –Mains electricity, water and drainage are connected to the property.
EPC RATING – C COUNCIL TAX – Derbyshire Dales District Council Band B TENANCY – Six month Assured Shorthold Tenancy with opportunity for a longer period subject to a satisfactory occupancy.
The Tenant will be responsible for Council Tax, water rates and all statutory costs. DIRECTIONS – From Matlock Crown Square, take Bank Road rising up the hill towards County Hall.
The Old Methodist Chapel can be found on the right hand side just before reaching the junction with Smedley Street.
Open plan kitchen and living space (Ground Floor) Bedroom 1 - double (Ground Floor) Additional room (Bedroom 2 / study - no window) (Ground Floor) Bathroom (Ground Floor)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Apartment 3 The Old Methodist Church, Bank Road, Matlock
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