1-bedroom flat · DE4 3QA
Listing removedListed 142 days
Opportunity summary
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About
Standing as part of a development close to the town centre, this modern apartment is elevated from the roadside, above a row of garages and lower apartment, which allow the provision of a large south facing patio terrace.
The spacious accommodation comprises sitting room, dining kitchen, utility room, shower room and two bedrooms. Outside is the benefit of a communal parking area.
The property would ideally suit the single occupant, active retirees, professional couple or investor, and a viewing is highly recommended to fully appreciate the space on offer.
Local amenities found on Smedley Street are a short distance away and Matlock’s wide range of shops, cafés, restaurants and other amenities are also nearby.
Good road communications lead to the neighbouring centres of employment to include Bakewell (8 miles), Chesterfield (10 miles) and Alfreton (8 miles), with the cities of Sheffield, Derby and Nottingham all within daily commuting distance.
The delights of the Derbyshire Dales and Peak District countryside are close at hand. ACCOMMODATION A flight of stone steps lead up to the apartment and to a sheltered porch with store off.
A white uPVC front door opens to an entrance hallway, and a further door opens to the… Utility room – 1.91m x 1.89m (6’ 3” x 6’ 2”) with space and plumbing for an automatic washing machine and tumble dryer, plus shelf storage.
Wall mounted is the gas fired boiler, which serves the central heating and hot water system.
Sitting room – 4.26m x 2.99m (14’ x 9’ 10”) a bright light room with the benefit of a window to the front and full height window overlooking the patio to the side. Wall hung electric fire.
Dining kitchen – 5.34m x 4.15m (17’ 6” x 13’ 7”) overall, a generous room fitted with a range of cupboards, drawers and work surfaces which incorporate a white pot sink, gas hob with built-in extractor above, under counter electric oven and space for an American style fridge / freezer.
There is ample space for daily dining and a broad front facing window provides views over the patio and towards the town. There are also three useful storage cupboards.
Shower room – 2.60m x 2.26m (8’ 6” x 7’ 5”) well proportioned and fitted with a modern suite to include corner shower cubicle with mains shower fitting and curved glazed screen, vanity wash hand basin with cupboard beneath and WC.
Chromed ladder radiator and obscure glazed window.
Off a second hallway, with useful store, are doors to… Bedroom 1 – 3.22m x 3.15m (10’ 7” x 10’ 4”) a good double bedroom with window to the front overlooking the patio.
Bedroom 2 – 4.15m x 3.23m (13’ 7” x 10’ 7”) a larger double bedroom with window to the front, again overlooking the patio and views beyond.
OUTSIDE From the entrance hall, a door opens to the large patio terrace, which provides delightful views of the town and surrounding countryside and takes full advantage of the southerly aspect, an ideal place for outdoor relaxation and entertaining.
There is a communal area for parking. TENURE – Leasehold – monthly maintenance charge of £44, which includes contribution towards Buildings Insurance.
SERVICES – All mains services are available to the property, which enjoys the benefit of gas fired central heating and uPVC double glazing.
No specific test has been made on the services or their distribution.
EPC RATING – Current 65D / Potential 67B COUNCIL TAX – Band B 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 Bank Road rising out of the town before turning right onto Smedley Street East, just beyond the turn for County Hall.
Proceed along Smedley Street East almost to the end and Springfield Rise can be found on the left hand side. Rise up the road to the end and no.
6 can be found off to the right hand side, the apartment being located above the garages and no. 5. VIEWING – Strictly by prior arrangement with the Matlock office . Ref: FTM11026
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About Springfield Rise, Matlock, Derbyshire
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