We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · DE4 5NU
Listing removedListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***MUST VIEW*** Situated in an enviable riverside position.
A beautifully presented two double bedroomed lodge, offering light and spacious open plan living accommodation with a sunny veranda wrapping around.
Located on the exclusive award winning, gated development of Merebrook Park. There is parking for two / three cars, mature gardens with river access.
Viewing is essential to experience the lifestyle on offer. The competitively priced luxury park home is located by the River Derwent, hidden away in mature woodland, within Merebrook Park.
The former show home occupies a generous plot, in an enviable position overlooking the River Derwent and enjoying woodland views.
The quality accommodation is a Lissett 'Odyssey' measuring 50' x 22' (1100 sq ft) offering quality open plan living comprising open porch, reception hallway, with home office, utility room, lobby, which opens into the impressive dining kitchen, well equipped with range cooker and integrated appliances.
There is a spacious sitting room with double bay windows and french doors opening on decking.
luxury bathroom and two double bedrooms fitted with furniture and principle bedroom with ensuite shower room.
A wooden decked veranda wraps around the property allowing disabled access and a path to the garden.
The economical accommodation is council band A and benefits from UPVC double glazed windows, skylights and doors and LPG central heating and under floor heating.
There are two / three car parking spaces, generous wooden shed and a mature landscaped garden with water feature, paved patio and steps to the river.
Accommodation - At the front of the property steps lead up to a veranda area where there is ample space to sit.
A UPVC double glazed entrance door with window above and full height side window opens into the Reception Hallway - With beautiful hardwood flooring, the hallway leads through to the open plan kitchen/diner.
Close to the entrance two doors on the right hand side open to the study and the utility/boiler room.
Along the left hand side are four doors which provide access to the two bedrooms and the bathroom as well as to a storage cupboard, perfect for coats and shoes.
Kitchen - 7.54m x 3.73m (24'9 x 12'3 ) - The kitchen area of the room has tiled flooring and measures approximately 4.19m x 3.74m.
It is fitted with a good range of wall and base units with roll top work surfaces and tiled splash backs.
The inset one and a half bowl sink with mixer tap is situated on the central island which also serves as a breakfast bar.
Integrated appliances include the Neff microwave and Neff dishwasher and there is currently a large freestanding Neff fridge freezer and a Rangemaster stove with extractor hood over.
Not only are there two windows to the side elevation but natural light also floods through the three Velux windows set within the pitched ceiling. The kitchen area is also lit by inset spotlights.
The dining area of the room measure approximately 3.55m x 3.18 and has hardwood flooring. There is ample space for a good sized table and chairs.
To the side aspect French doors with full length windows to each side open to the exterior and to the rear of the room glazed double doors open into the Sitting Room - 6.50m x 3.78m (21'4 x 12'5 ) - Such a spacious yet comfortable reception room with a fabulous outlook.
It is so light and airy with two Velux windows to the ceiling, windows to all three aspects and tri-fold doors opening to the exterior.
There is a continuation of the hardwood flooring from the dining area and the electric fire on the raised hearth with attractive surround makes a pleasant focal point.
Bedroom One - 3.53m x 3.12m (11'7 x 10'3) - This good sized double bedroom is to the front of the property and has a large window to the front aspect. It has the benefit of fitted furniture.
To the rear of the room a door opens to the Ensuite Shower - 2.67m x 1.96m (8'9 x 6'5 ) - With tiled flooring and a window to the side aspect, this room is fitted with a three piece suite comprising large walk-in shower cubicle, concealed unit dual flush WC and a wash hand basin set within a vanity unit.
There is ample storage and to one wall is a ladder style heated towel rail.
Bedroom Two - 3.20m 3.25m (10'6 10'8) - Benefits from fitted furniture Bathroom - 1.96m x 2.16m (6'5 x 7'1 ) - This part tiled bathroom has a three piece suite which includes a P-shaped bath with shower over, concealed unit WC and a wash hand basin with mixer tap within a vanity unit.
There is a good amount of storage and there is a ladder style heated towel rail. The room is lit by inset spotlights and there is a window to the side aspect.
Study - 1.88m x 1.78m (6'2 x 5'10) - Fitted with a desk, drawers and shelving this is a very neat office space with windows to two aspects (front and side) allowing a pleasant outloo Utility Room - 1.91m x 1.57m (6'3 x 5'2) - Adjacent to the study is the room which houses the boiler but also has space and plumbing available for a washing machine.
There is a good amount of space also available for storage. Outside - To the front is a gravelled driveway providing parking for up to two/ three vehicles.
Immediately to the rear and side of the home, accessed via a ramp leading up from the front as well as internally from the sitting room and the dining room, is an extensive balcony area with timber balustrade, an ideal spot to sit and enjoy the views along the river.
Beyond the driveway is a good sized and very attractive garden with a range of established plants and shrubs.
A pathway leads around this to a paved patio area and from here steps lead down to the riverside.
The pathway continues around to the left hand side of the property where there are a number of storage sheds Essential Information - Please note, to live at Merebrook Park, you must be 45 years of age or older.
This is to meet the needs and expectations of retired or semi-retired residents who wish to live a peaceful and quiet lifestyle. Viewings are strictly by appointment only.
Annual Service Charge - There is an annual service charge payable, this includes the ongoing maintenance of the communal areas of the park, servicing of security gate and CCTV systems.
The property is stamp duty exempt and does not require full conveyancing to purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Lea Lane, Merebrook Park, Whatstandwell, Matlock
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