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See how verdicts work3-bedroom house · DE4 5PZ
Listing removedListed 178 days
Opportunity summary
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About
Built circa. 2020, this brick built town house stands in a row of four similar properties overlooking the delightful Smedley’s Mill Pond.
The accommodation, which spans three floors, comprises entrance hallway, WC and open plan kitchen and dining room to the ground floor, a sitting room and bedroom at first floor level, with a further two bedrooms and bathroom on the top floor.
Outside, there is a paved forecourt to the front, with a low maintenance garden at the rear accessed from the first floor due to the slope of the site.
There are parking spaces for all four properties off the main road, down the side of row.
Lea Bridge plays host to the historic John Smedley Mill and shares a thriving community with the neighbouring villages of Lea and Holloway, all of which benefit from ready access to the delights of the surrounding Derwent Valley countryside.
Local road links lead to the neighbouring market towns of Belper, Matlock and Chesterfield, with the cities of Sheffield, Derby and Nottingham each lying within daily commuting distance.
Accommodation A blue composite front door, with glazed full height side panel, opens to a spacious entrance hallway with stairs rising to the upper floors, and door opening to the… Cloakroom / WC – fitted with a WC and wash hand basin.
Dining kitchen – 7.86m x 3.94m (25’ 9” x 12’ 11”) a generous all day space with ample room for formal dining with window to the front overlooking the forecourt.
The kitchen area is well fitted with a range of cupboards, drawers and work surfaces, incorporating a stainless steel sink unit, induction hob with extractor over, under counter electric oven, washing machine, dishwasher and fridge / freezer.
Additional light is drawn into the kitchen area via two roof lights.
From the entrance hallway, stairs rise to the first floor landing with full height window facing the front allowing plenty of natural light.
A door opens to the… Sitting room – 3.94m x 3.49m (12’ 11” x 11’ 5”) a comfortable room with French doors allowing access to the garden and additional window also overlooking the garden.
Bedroom 1 – 3.46m x 2.72m (11’ x 8’ 11”) a front facing double bedroom flooded with natural light. From the landing, stairs continue to rise to the second floor landing.
Bedroom 2 – 3.99m x 3.49m (13’ 1” x 11’ 5”) a large rear facing double bedroom, with useful store.
Bathroom – fitted with a panelled bath with mains shower over and glazed screen, pedestal wash hand basin and WC. There is complementary tiling to the walls and floor.
Bedroom 3 – 4.14m x 2.19m (13’ 7” x 7’ 2”) a third double bedroom, front facing, again with delightful views of the mill pond.
Outside & parking To the front of the property is a paved forecourt, a sunny spot overlooking the mill pond, bounded by stone walls.
There is a parking area off the main road, to the side of the row of property.
To the rear is a low maintenance garden, with pathways and patio seating area by the house, plus a gravelled area with a second paved patio to the bottom of the garden, another spot for relaxation and alfresco dining.
Due to the slope of the plot, the garden gives access into the first floor sitting room.
There is a rear personnel gate which leads to the parking area, and the garden has a degree of privacy with fenced boundaries and a wooded backdrop.
Tenure – Freehold 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 85B / Potential 95A council tax – The property is not currently assessed for Council Tax as it has been used as a successful holiday let.
The property is, therefore, currently assessed for Business Rates with a Rateable Value of £3,600 per annum.
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 the A6 south passing through Matlock Bath and on to Cromford.
At the traffic light crossroads turn left onto Mill Road, over the bridge and bear right onto Lea Road. Follow Lea Road until entering the village.
Turn left, keeping on Lea Road, travel under the walkway at John Smedley and you will reach a row of modern houses on the right. Cotton House is the third property, identified by the name plate.
WHAT3WORDS – open.folders.impulsive viewing – Strictly by prior arrangement with the Matlock office . Ref: FTM11011
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.
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FAQ
About Cotton House, Lea Road, Lea Bridge, Matlock
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