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See how verdicts work1-bedroom flat · DE4 3AT
Listing removedListed 617 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within one of Crown Square’s traditional Victorian buildings, this well proportioned one bedroom flat stands at second floor level.
The building has three flats across the first and second floors, each sharing common areas.
The flat is simply furnished with modern fittings and would benefit from cosmetic updating, whilst offering an excellent opportunity for those seeking an easily managed town centre home or letting investment.
Matlock is a thriving market town which boasts a wide range of local shops, bars and restaurants.
It is a draw for tourism and often considered the gateway to the Peak District National Park providing ready access to the surrounding Derbyshire Dales countryside.
The town as the benefit of a railway station linking to the national network via Derby, whilst good road communications provide commuter links to the neighbouring centres of employment.
Accommodation Positioned on the second floor of the building and accessed via two flights of broad communal stairs, a front door opens to an entrance hall with access to the roof void and doors off to… Bathroom – 3.53m x 1.94m (11’ 7” x 6’ 4”) with white suite including a WC, wash hand basin and panelled bath with glazed screen and mixer shower tap.
Bedroom – 4.07m x 1.95m (13’ 4” x 6’ 5”) with high Velux roof light.
Sitting room – 5.37m x 4.48m (17’ 7” x 14’ 8”) maximum, almost triangular in shape yet offering a comfortable living space which enjoys the benefit of side by side window set within the buildings dormer which looks across Crown Square, Hall Leys Park and the slopes which surround the town, including Riber Castle on the horizon to the right.
An open archway leads to the… Kitchen – 4.40m x 2.34m (14’ 5” x 7’ 8”) fitted with a range of cupboards and work surfaces, stainless steel sink unit, under counter electric oven, 4-ring gas hob and with space for other appliances.
A wall mounted gas fired boiler provides service the central heating and hot water system. Note: On the second floor landing there is a cupboard with plumbing for an automatic washing machine.
Outside & parking There is no outside space with the flats or dedicated car parking. Owners must consider various parking options within the town. Tenure – Leasehold – 199 year lease.
It is expected the new flat leaseholder will have an obligation to pay a fair proportion of maintenance costs under a service charge.
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 67D / Potential 78C 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 the agents office on Crown Square, turn right towards the bridge and the property can be found on the right hand side (between Sellors Jewellers and the travel agents).
WHAT3WORDS – spouting.posts.epidemics viewing – Strictly by prior arrangement with the Matlock office . Ref: FTM10748
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 Flat 2, 8, Crown Square, Matlock
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