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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

This property offers a notable renovation and investment opportunity, situated on an expansive 3.5-acre site featuring a five-bedroom farmhouse with stunning views. The primary residence, while in need of refurbishment, encompasses over 2,300 square feet of living space spread across two levels. The ground floor includes two living rooms, a spacious pantry, and a breakfast kitchen, while the upper level houses five bedrooms along with a family bathroom. The landscaped garden, predominantly laid to lawn, enjoys south-westerly vistas, making it an ideal setting for relaxation or outdoor development. Complementing the farmhouse are nearly 13,000 square feet of additional structures that collectively enhance the property’s redevelopment potential (subject to planning permission). Among these is a substantial stone barn that spans approximately 4,600 square feet across two floors; its high ceilings and exposed oak king truss beams add historical charm and versatility for various uses. A former grain store adjacent to this barn contributes another 1,000 square feet of usable space. Additionally, there is a single-level workshop formerly utilized as a milking parlor, offering almost 2,000 square feet for further customization. The property also features several agricultural buildings including livestock sheds and a Dutch barn measuring 74ft x 27ft; all present considerable options for redevelopment or conversion depending on your vision and local regulations. Located in Dethick—a tranquil hamlet just four miles southeast of Matlock—this site benefits from both rural charm and proximity to urban amenities. Matlock offers essential services such as supermarkets and healthcare facilities while Chesterfield lies within an 11-mile distance and provides direct rail access to London in under two hours. The area serves as an excellent base for exploring the Peak District National Park, which is renowned for its natural beauty. Educational opportunities are nearby as well; Lea Primary School is rated "Outstanding" by Ofsted and sits only one mile from the property. Practical aspects include water supplied by a natural spring, mains electricity connection, and drainage through a private septic system. The current broadband services encompass fibre options alongside traditional connections. This unique property not only presents significant potential for renovation but also represents an attractive investment opportunity within a picturesque setting conducive to both residential living and development projects.

Investment Analysis

(DE4 area)

Above Market Value

This property is priced +115.0% above area average per sq ft

+115.0%
This Property
£649/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£767,411
10% above area average per sq ft
Potential ROI
-61.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE4)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -4.0%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on DE4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,495
Based on a loan of £1,125,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE