2-bedroom flat · DE4 3NF
Listing removedListed 43 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description ?
This spacious and tastefully presented two double bedroom first-floor apartment occupies a convenient position in the town centre and within easy reach of its wide range of shops, caf?s, restaurants and amenities.
The well-proportioned accommodation benefits from uPVC double glazing and gas-fired central heating throughout and comprises entrance hallway, two double bedrooms, a well-equipped fitted kitchen and a separate sitting room enjoying an attractive outlook, providing plenty of natural light, plus bathroom with a separate shower and bath.
A particularly useful feature is the availability of off-road overnight parking for one vehicle during specified times of the week, a welcome benefit given the property's central location.
Combining generous accommodation with excellent access to the town centre, the apartment would be particularly well suited to a Single occupant preferred or professional couple looking for a comfortable and conveniently positioned home.
Good road communications lead to surrounding centres of employment with the cities of Sheffield, Derby and Nottingham all within daily commuting distance.
The delights of the Derbyshire Dales and Peak District countryside are on the doorstep. Viewings ? Via the Matlock Office .
To let - Unfurnished Outside & parking There is no outside space with the flat.
There is the availability of off road parking for one vehicle during specified times of the week agreed with the landlord. Services ? All mains services are available to the property. EPC rating ?
E council tax ? Band B (Derbyshire Dales District Council) tenancy ? Six month Assured Periodic Tenancy with opportunity for a longer period subject to a satisfactory occupancy.
The Tenant will be responsible for Council Tax, water rates and all statutory costs. Directions ?
From Matlock Crown Square, take Bank Road and after a short distance the flat can be located above Sourdough Dave on the right hand side.
The entrance to the flat is located to the rear of the property, accessed off Lime Grove Walk.
Entrance hallway Landing Bathroom Hallway Utility store Sitting room - 6.03m ( 19'10'') x 5.64m ( 18'7''): Measurements including bay window.
Kitchen diner - 3.97m ( 13'1'') x 3.82m ( 12'7''): With hob and eye level oven. Bedroom 1 - double - 4.84m ( 15'11'') x 3.42m ( 11'3'') Bedroom 2 - double - 4.86m ( 16'0'') x 3.58m ( 11'9'')
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Flat above 16 - 18 Bank Road, Matlock Derbyshire
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