2-bedroom flat · DE4 3JL
Listing removedReduced £10k (−8.3%) on 21 AugListed 229 days
Opportunity summary
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About
Located within a popular block of apartments, this second floor apartment is well proportioned, with fine views over the town and surrounding Derwent Valley landscape, and offers opportunity for cosmetic updating.
The accommodation comprises entrance hall, kitchen, sitting / dining room, two bedrooms and bathroom. Outside, there are maintained communal gardens, plus the benefit of allocated and visitor parking.
High Court is set back from the main thoroughfare yet conveniently placed for access to County Hall and the shops and bars on Smedley Street, with more extensive facilities and amenities in the town just half a mile away.
Good road communications lead to the surrounding centres of employment which include Bakewell (8 miles), Chesterfield (10 miles) and Alfreton (8 miles), with the cities of Sheffield, Derby and Nottingham each within daily commuting distance.
The delights of the Derbyshire Dales and Peak District countryside are close at hand.
Accommodation External stairs from the ground floor rise to the second floor where a composite part glazed door opens to the entrance hall with useful store, which houses the hot water tank.
A part glazed door opens to the… Kitchen – 3.17m x 1.72m (10’ 5” x 5’ 8”) fitted with a range of cupboards, drawers and work surfaces, which incorporate a stainless steel sink unit.
There is space for a free standing cooker, space for a fridge / freezer and space and plumbing for an automatic washing machine.
There is a broad front facing window and the kitchen is part open to the sitting room.
Sitting / dining room – 5.86m x 3.17m (19’ 3” x 10’ 5”) a generous living space with ample room to create an area for dining. A broad window overlooks the rear, with second smaller window to the side.
Bedroom 1 – 4m x 3.57m (13’ 1” x 11’ 9”) overall, a good double room with rear facing window, and built-in wardrobes. Bedroom 2 – 2.34m x 1,97m (7’ 8” x 6’ 5”) a second double bedroom with open store.
Side facing window. Shower room – 2.65m x 2.18m (8’ 8” x 7’ 2”) with a walk-in shower cubicle fitted with an electric shower fitment, pedestal wash hand basin and WC.
There is contrasting wall tiling, and useful store. Outside & parking There are delightful maintained communal gardens, and the apartment has the benefit of car parking.
Tenure – Leasehold – 999 year lease from 29th March 2022. There is a monthly service charge of £90 (to be confirmed).
Services – Mains electricity, water and drainage is available to the property, which enjoys the benefit of electric heating, hot water is provided by an immersion heater, and uPVC double glazing.
No specific test has been made on the services or their distribution.
EPC rating – Current 62D / Potential 84B council tax – Band A 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 past County Offices before turning left into Smedley Street.
Take the second right turn into Smith Road and High Court can then be found to the right hand side. No. 17 can be found in the middle block at second floor level.
WHAT3WORDS – investors.thread.embrace (for the whole block) viewing – Strictly by prior arrangement with the Matlock office . Ref: FTM1010962
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 17 High Court, Smith Road, Matlock
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