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North Church Street, Bakewell

East Midlands

£325,000
Listed on 22/11/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1247 sqft

Description

This Grade II Listed stone cottage presents a unique opportunity for renovation in a picturesque Peak District setting. With three bedrooms and a charming character throughout, the property is laden with potential for customization, making it an ideal project for investors or those looking to create their dream home. The cottage boasts a spacious layout spread over three floors, featuring a cellar that offers additional storage or potential for conversion. The ground floor includes a dining kitchen equipped with built-in storage and an open fire, offering a warm gathering space. Adjacent to this is the sitting room, which showcases a bay window and original fireplace, perfect for retaining its historical charm while offering flexibility in design. On the first floor, you will find a landing that leads to two rooms—one currently serving as a dressing room but easily convertible into an additional bedroom or study. A well-appointed bathroom with built-in storage and separate WC further enhances functionality. The second floor includes another bedroom along with an attic space that can be transformed into additional living area. Externally, the property features a manageable rear garden complemented by outbuildings that could serve various uses. There is convenient vehicular access to a carport and driveway, providing off-road parking options. Additionally, the elevated garden area includes a stone store and offers possibilities for landscaping or further development. Situated in close proximity to the vibrant amenities of the local market town—including shops, cafes, leisure facilities, and country inns—this property also benefits from its strategic location near major commercial centers and renowned attractions such as Haddon Hall and Chatsworth Country Estate. The area is well-regarded for education, falling within desirable school catchment zones. With no upward chain complicating the sale process, this property stands as an appealing option for those seeking to invest in real estate with significant renovation potential in one of the Peak District’s most sought-after locales.

Investment Analysis

(DE45 area)

Below Market Value

This property is priced -30.1% below area average per sq ft

-30.1%
Potential saving
This Property
£261/sq ft
Area Average
£373/sq ft

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£511,507
10% above area average per sq ft
Potential ROI
+25.9%
After renovation
Monthly Sales
8
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DE45)

Area prices are rising by +8.2% over the last 12 months
3 year growth: 7.0%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on DE45 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

North Church Street, Bakewell
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