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See how verdicts work3-bedroom semi-detached house · DE4 2QA
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With breathtaking panoramic views, two elevated terraces and a lower garden, this fabulous home has three double bedrooms, two shower rooms and a bathroom.
There is potential for the lower ground floor to be a self-contained Airbnb or annexe, whilst the wide upper floor has panoramic views from several rooms.
The property is an 'under-dwelling' - a two storey home with several two storey homes above, because this wide property occupies the entire width of those houses above.
The upper floor comprises a large kitchen-diner, sitting room, two bedrooms, bathroom, shower room and a store room which has a built-in cabin bed which can be used as a relaxation space.
The current owner has added a conservatory - from where there are stairs down to the lower ground floor, which comprises a kitchenette, large double bedroom and shower room.
Outside are the two elevated terraces accessed from the upper floor and the wide lower garden.
Greenaway Lane is located in Hackney, on the northern edge of Matlock, with splendid countryside walks towards Farley Hill and down towards Whitworth and the Derwent Valley.
The Laburnum pub is one of several great local pubs and Matlock town centre is only a five minute drive away.
The home is close to the delights of the Peak District, Chatsworth House, Haddon Hall and other attractions including Matlock Bath, Peak Rail and Bakewell.
Matlock has direct rail connections to Derby, Nottingham, Lincoln and even Cleethorpes on the coast - whilst the A6 runs close by and connects to the A38 and M1 for commutes further afield towards Chesterfield, Mansfield and Sheffield.
Front Of The Home - This two-storey under-dwelling is located down 16 steps from the on-street parking on Greenaway Lane.
The breathtaking views hit you immediately as you round the corner, with simply fantastic views across the valley to the verdant hills to the south of Matlock.
Steps continue down to the lower garden, and a pathway with a fence on the right leads to a spacious decked terrace area. There is space here for plenty of seating and a large dining table and chairs.
It is a peaceful, private and awe-inspiring location in which to gather with friends and family. There is a wall-mounted outside tap and lighting.
Glazed uPVC doors lead into the kitchen-diner and conservatory.
Kitchen-Diner - 8.2 x 2.8 (26'10" x 9'2") - This lovely, bright, open room has two south-facing windows and two part-glazed doors leading to the terrace and conservatory, so there is lots of natural light flooding in.
The dining area has painted floorboards, a ceiling light fitting, radiator and plenty of space for a dining table. The focal point is a cast-iron gas fire, set within a large stone fireplace.
From the dining area, doors lead to Bedroom One and the shower room. An open entrance leads to the kitchen.
The kitchen has flagstone flooring and fitted solid pine worktops and cabinets on either side.
On the left is space for a large fridge-freezer, followed by a range of high and low level cabinets and drawers. The gas cooker is available by separate negotiation.
There is space at the end for a dresser, with a radiator on the far wall. The opposite worktop has an integrated ceramic Butler's sink with chrome mixer tap.
A Kenwood dishwasher and Bosch washing machine are also available by separate negotiation. The room also has a ceiling light and extractor fan.
Bedroom One - 3.9 x 2.65 (12'9" x 8'8") - What a view to wake up to! The large picture book south-facing window really showcases the magnificent vista from this room.
There is a carpet, radiator, ceiling light fitting and space for a double bed and furniture.
Shower Room - 3.7 x 1.12 (12'1" x 3'8") - A stripped pine door with iron latch leads into the shower room, which has whitewashed walls, wooden floorboards and panelled lower walls.
At the end is a Mira electric shower and the room also has a ceramic WC, ceramic pedestal sink, radiator, ceiling light and extractor fan.
Sitting Room - 4.05 x 2.9 (13'3" x 9'6") - Another uplifting light room, this has a fully glazed uPVC door and large sash window bringing natural light flooding in.
A cast-iron multifuel burner sits on a tiled hearth within a stone surround. There is flagstone flooring, a ceiling light, radiator and doors to the storeroom and Bedroom Two.
Store Room - 3.75 x 1.1 (12'3" x 3'7") - This quirky room has a built-in cabin bed, so it can be used as a teenage den or a place to relax.
There is room underneath the bed for storage and, on the ceiling, a ceiling light fitting. It also has a dehumidifier.
Bedroom Two - 2.85 x 2.25 (9'4" x 7'4") - A fantastic curved wooden ladder leads up to the purpose-built cabin bed, with lots of space underneath for a desk and storage.
There is vinyl flooring, three ceiling lights, a radiator, south-facing window and a door to the bathroom.
Bathroom - 2.8 x 1.65 (9'2" x 5'4") - This spacious room has a bath with a heritage-style chrome mixer tap and separate hand-held attachment.
There is a ceramic WC and ceramic pedestal sink with chrome taps. The room has a ceiling light, tall window and two high-level pine cupboards, one housing a modern Worcester boiler.
Vinyl flooring and a central heating towel radiator complete the room.
Conservatory - 3.45 x 3 (11'3" x 9'10") - An impressive addition to the home by the current owner, this room has full-height windows on three sides, providing panoramic views right across the valley.
This room has pine laminate flooring, wall lighting, space for seating and doors on either side onto the terraces. All doors and windows in the conservatory have integrated blinds.
A door on the left opens to the astroturf terrace, with the larger decked dining terrace accessed through a door on the right. Wooden steps lead down to the self-contained lower ground floor.
Kitchenette - 3.85 x 1.55 (12'7" x 5'1") - This useful room has flagstone flooring, a ceiling light and a door to the lower garden.
The kitchen worktop has cabinets below and a floor-level fan heater, shelving above and an integrated stainless steel sink with chrome mixer tap.
Stripped pine doors with iron latches lead to Bedroom Three and the shower room. Bedroom Three - 3.2 x 3 (10'5" x 9'10") - It's another room with a fantastic view!
Fully glazed patio doors and a window look out to the lower garden and straight across to the wooded hillside opposite.
The room is carpeted and it has a ceiling light, a wall-mounted electric heater and wooden panelled walls, with an exposed stone column.
Lower Shower Room - 2.1 x 1.45 (6'10" x 4'9") - A modern cubicle has a sliding glass door, tiled surround and houses the mains-fed shower.
There is a ceramic WC, ceramic pedestal sink with chrome mixer tap, flagstone flooring, ceiling light, fan heater, extractor fan and frosted double-glazed window.
Lower Garden - Accessed from the kitchenette, Bedroom Three and steps from the upper garden, the lower garden has a patio which runs the full width of the property, with plenty of space for planters, outdoor seating and dining.
Three steps go up to a large flower bed bordered by a low dry stone wall. Two wooden sleeper steps go down to a wide gravel area with a modern shed at the right-hand end.
It's an easy-maintenance garden, especially relevant if operating this lower ground floor as an Airbnb.
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 Greenaway Lane, Hackney, Matlock
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