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See how verdicts work2-bedroom house · DE4 5GR
Listing removedListed 198 days
Opportunity summary
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About
Set back from the road and in an elevated position in the Lea Conservation Area, Prospect Cottage Farm is a traditional stone built semi-detached cottage which was completely internally refurbished in 2022.
The works included stripping back the interior to bare stone and providing new damp proofing, wiring, plumbing, insulation, plastering, kitchen, bathroom and oak floors and doors downstairs.
The property has existing double glazed uPVC windows throughout.
The large garden will appeal to the keen gardener and offers the potential for a large extension, which could result in a four bedroom house for those seeking a project.
There is a stone built double garage along with another stone outbuilding.
Dethick Lea & Holloway is a thriving community located in beautiful Derbyshire countryside which has a primary school (ofsted Outstanding), excellent pub, shop, surgery, village hall and church.
It is close to the Peak District National Park and has easy access to the road network to Matlock, Chesterfield, Derby and Nottingham all of which are within commuting distance.
It is 3 miles to the local railway station at Cromford. Accommodation Access to the rear of the house is via a shared private drive.
Dining Kitchen - 4.63m x 3.5m fitted with a Shaker style kitchen, hardwood work surfaces incorporating a Belfast sink and integral dishwasher.
There is space for a full size fridge and there are oak lintels over the window and range cooker. The oak floor is under laid with natural wool insulation.
Utility Room - 2.1m x 1.78m an extension to the house with plumbing for a washing machine, tumble drier and freezer.
A Worcester Bosch gas combi boiler is wall mounted and there are cupboards and a worktop. Oak floor with wool insulation.
From the kitchen an oak door leads to the… Sitting Room - 4.61m x 4.2m with plenty of natural light from windows with exposed lintels, a wood burning stove with a stone surround and hearth.
A built-in cupboard houses the meters, and a hardwood double glazed door accesses the front patio. Oak floor with wool insulation.
From the kitchen, stairs access the first floor landing… Bedroom 1 – 3.57m x 3.57m a good sized south facing bedroom with over stairs cupboard.
Bedroom 2 – 4.25m x 2.58m a second double bedroom front facing with good views.
Bathroom – 3.26m x 2.11m a large room with a full size steel enamel bath, separate large shower, wash basin with cabinet storage underneath, WC and large wall mounted towel rail / radiator, and Amtico flooring.
Constant mains pressure hot water is fed from the combi boiler.
Outside & parking A shared tarmac private drive leads from the road to the rear of the cottage where there is a stone built garage (internal 5.2m x 5.5m, the size of a double but with a single door access).
There is potential to create an additional car parking space (4m x 5m).
Also at the rear is a useful stone outbuilding incorporating mains water and drainage, outside WC and woodshed along with a courtyard patio.
The garden is large (max 34m x max 19m), private and provides colour and interest throughout the seasons. Mainly laid to lawn it is bounded by a dry stone wall and hedges.
Tenure – Freehold services – All mains services are installed, gas, water, drainage.
EPC rating – to be confirmed council tax – Band C (Amber Valley Borough Council) fixtures & fittings – The sale price includes all fixtures and carpets but excludes white goods and the range cooker.
Directions – The cottage is located in Upper Lea on the south side of Lea Main Road close to the junction with Sledgegate Lane.
It is the left side of a pair of cottages above the red phone box, identified by the agents For Sale board.
WHAT3WORDS – crouch.caveman.weary viewing – Strictly by prior arrangement with the Matlock office . Ref: FTM10977
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 Prospect Cottage Farm, Upper Lea, Lea, Matlock
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