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Dethick Lane, Matlock, Dethick DE4 5GG - Image 1
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Dethick Lane, Matlock, Dethick DE4 5GG

East Midlands

£1,500,000
Listed on 22/03/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2312 sqft

Description

Nestled within a tranquil 3.5-acre setting, this property offers a compelling opportunity for renovation and redevelopment, pending the necessary planning approvals. The centerpiece is a five-bedroom farmhouse that, while in need of extensive refurbishment, boasts over 2,300 square feet of living space spread across two floors. This layout includes two spacious living rooms, a sizable pantry, and a breakfast kitchen on the ground floor, along with five bedrooms and a family bathroom on the upper level. The property's garden presents unobstructed south-westerly views and ample paved parking is available to the north. Complementing the farmhouse are nearly 13,000 square feet of outbuildings that enhance its investment potential. At the rear of the farmhouse lies an impressive stone barn with high ceilings and exposed oak king truss beams, encompassing 4,600 square feet over two levels. A former grain store attached to this barn adds another 1,000 square feet for creative use. Additionally, an old milking parlor built in 1947 serves as a single-level workshop with nearly 2,000 square feet of space. This area connects to past dairy facilities and includes several livestock and cart sheds. Completing the collection of structures is a Dutch barn measuring 74 feet by 27 feet—each of these buildings provides significant redevelopment possibilities. Located in Dethick—a serene hamlet just four miles southeast of Matlock—this property benefits from proximity to local amenities such as supermarkets and dining options available in Matlock. The nearby towns provide easy access to larger centers like Chesterfield (11 miles away), which features rail connections directly to London in under two hours. The A6 road also facilitates convenient travel throughout the region. This property is serviced by mains electricity and benefits from water sourced from a natural spring; drainage is managed through a private septic tank system. Broadband options include superfast connectivity through fibre to the cabinet or copper broadband. In addition to its picturesque setting and substantial potential for renovation or development, this Grade II listed property comes with off-street parking for multiple vehicles and access rights that contribute further utility within its rural surroundings. Whether you are looking to invest in an expansive project or seeking inspiration for your own vision, this property represents a unique opportunity awaiting transformation.

Investment Analysis

(DE4 area)

Above Market Value

This property is priced +118.5% above area average per sq ft

+118.5%
This Property
£649/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£150,000 - £375,000
10-25% of property value
Target Value
£755,076
10% above area average per sq ft
Potential ROI
-59.7%
After renovation
Monthly Sales
23
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE4)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -0.4%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on DE4 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

Dethick Lane, Matlock, Dethick DE4 5GG
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