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See how verdicts work3-bedroom detached house · DE6 1EU
Listing removedListed 414 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location The property is situated in the very heart of the popular Georgian market town of Ashbourne in a highly regarded area of mixed commercial usages with nearby outlets including Fat Face, Joules & Vision Express as well as a variety of quality local retail outlets.
Description The premises comprise a substantial three storey traditionally styled and constructed premises with a ground floor return frontage onto the cobbled Market Place area having double fronted display windows onto the busy thoroughfare and a separate self-contained access to the residential upper floors.
The property provides a gross internal floor area of approximately 160 sq mtr (1,720 sq ft) over four floors (including basement).
Accommodation Ground Floor and Basement The ground floor and basement of the premises are currently occupied by the ‘Flower Café’ and the thriving town centre Café business.
At basement level there is kitchen, store and wc whilst at ground floor level there is a further kitchen area of 9.79 sq mt with the main Café or retail space extending to some 41.13 sq mt.
This section of the premises is currently let for a period of 10 years from August 2018, at a rental of £14,400 per annum exclusive.
First Floor The first floor comprises a self-contained apartment, which is currently utilised for holiday letting purposes.
The accommodation briefly comprises: Hallway, Sitting Room, Fitted Kitchen, Double Bedroom and Bathroom. The gross internal floor area extends to over 40 sq mt.
It is understood from the vendor that this apartment has historically produced a gross income approaching £12,000 pa.
Second Floor A further self-contained apartment providing: Hallway, Sitting Room, Kitchen, two Bedrooms and Bathroom.
This is let on a standard assured shorthold tenancy basis, producing £4,740 per annum exclusive.
Rating Information Ground Floor Ratable Value £12,000 (from 1st April 2023) First Floor Apartment Ratable Value: £1,700 (from 1st April 2023) Second Floor Apartment Council Tax Band A Energy Performance Certificate Ground Floor – B First Floor Apartment – E Second Floor Apartment - E Price Offers around £325,000 VAT All prices are quoted exclusive of VAT at the prevailing rate.
Services It is understood that all mains services are either connected to or are available close by the property. Viewing and Further Information All enquiries to: Fidler Taylor FTA2773
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About 5, Market, Ashbourne
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