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Market Place, Cromford, DE4

East Midlands

£250,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Terraced
Area
2062 sqft

Description

This period property, located adjacent to Cromford's historic market square, offers an intriguing investment opportunity with its three to four bedroom accommodation situated on the first floor. The ground floor features four versatile reception areas, including a prominent bay shop front that opens up possibilities for reinstating retail or commercial use, making it a compelling option for entrepreneurs. The interior would benefit from a comprehensive update and refurbishment, enabling the creation of a unique and spacious residence. Additionally, there's potential to convert the layout back into two smaller properties, subject to necessary planning permissions, as existing stairways still lead to separate levels. At the rear of the house lies an original outbuilding spread across two levels, adding useful studio or workshop space. The property also boasts a generously sized garden that provides pleasant views over nearby rooftops—ideal for outdoor enthusiasts. Cromford is steeped in historical significance linked to the Arkwright dynasty and is part of the Derwent Valley Mills World Heritage Site. Outdoor attractions like Cromford Canal and the Peak District are within easy reach, making this area appealing for both residents and visitors alike. Commuters will appreciate good road access to nearby towns such as Matlock and Bakewell. The property's dual entrances lead into comfortable living spaces with multiple rooms ideal for family life or potential business operations. With thoughtful renovations, this property can transform into a remarkable home or profitable venture.

Investment Analysis

(DE4 area)

Below Market Value

This property is priced -60.7% below area average per sq ft

-60.7%
Potential saving
This Property
£121/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£699,399
10% above area average per sq ft
Potential ROI
+99.8%
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
10%
Properties sold annually

Local Market Trend (DE4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -2.2%
5 year growth: +9.9%
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

Market Place, Cromford, DE4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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.

Price History

-9.1% since listed
£250,000£15,000(-5.7%)
24/08/2025
Current price
£265,000£10,000(-3.6%)
18/05/2025
£275,000Initial listing
29/09/2023

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