4-bedroom terraced house · DE4 3RF
For saleListed 186 days
Opportunity summary
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About
Standing at the heart of Cromford, renowned as part of the Derwent Valley Mills World Heritage Site, this historic Grade II Listed former public house been granted permission to convert the ground floor to a separate residential apartment, whilst there is also existing spacious living accommodation across the first and second floors.
The property presents a rare opportunity for those who may wish to capitalise on the opportunity to develop an additional spacious two bedroom flat.
Cromford is situated three miles south of Matlock and just a mile or so from the historic small market town of Wirksworth.
The village is renowned for its links with the Arkwright dynasty and now forms part of the Derwent Valley Mills World Heritage Site.
There is ready access to the delights of the surrounding Derbyshire Dales countryside, with local attractions include Cromford Canal, the High Peak Trail, Black Rocks and Carsington Water.
ACCOMMODATION SUMMARY Ground floor (existing layout) Public bar 7.14m x 4.46m Lounge 5.28m x 4.80m Snug 3.53m x 3m Cloakroom 2.32m x 2.03m Covered area 2.68m x 2.32m Pot wash 2 x WC Plus large cellarage Second floor: Games room 7.14m x 4.46m Dining kitchen 4.80m x 4.40m Sitting room 5.39m x 3.26m Utility room 3.45m x 2.42m Coats & boots 3.45m x 1.11m Second floor: Bedroom 4.66m x 4.41m Bedroom 4.80m x 3.90m Bedroom 3.53m x 3.27m Bedroom 5.39m x 3.26m Bathroom 3.27m x 3.32m OUTSIDE Cobbled front forecourt and yard area to the rear.
PLANNING CONSENT is granted under planning reference 25/00752/FUL. Approval is given for the conversion of the ground floor pub accommodation to create a spacious two bedroom residential apartment.
Indicative plans are included below. Further information available on request or via the Derbyshire Dales District Council planning portal. TENURE - Freehold.
SERVICES - All mains services are available to the property, which enjoys the benefit of gas fired central heating. No specific test has been made on the services or their distribution.
EPC RATING - to be confirmed. BUSINESS RATES - The Valuation Office lists the premises as Public House and Premises with a Rateable Value, as at 1st April 2023, of £2,900.
If the property was converted to full residential status then Council Tax would apply.
FIXTURES & FITTINGS - Only the fixtures and fittings mentioned in these sales particulars are included in the sale. Certain other items may be taken at valuation if required.
No specific test has been made on any appliance either included or available by negotiation. DIRECTIONS - From Matlock Crown Square, take the A6 south through Matlock Bath to Cromford traffic lights.
turn right into Market Place and rise up The Hill, where no. 47 can be found on the left hand side, on the junction with North Street. VIEWING - Strictly by prior arrangement with the Matlock office .
Ref: FTM10489
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.
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