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Market Place, Cromford, DE4

East Midlands

£250,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2062 sqft

Description

Situated in a prominent position near the historic market square of Cromford, this distinctive period property offers versatile accommodation with three to four bedrooms on the upper level. The ground floor features four reception areas, including a former retail space with an impressive deep bay window that presents a unique opportunity for reinstating commercial use or creating a spacious family home. With some modernization and refurbishment, this property could transform into a charming residence, and there’s also potential to convert it back into two separate units, subject to necessary planning permissions. At the rear, a separate two-level outbuilding adds further potential – envision it as a studio, workshop, or additional storage space. The property is accompanied by an expansive garden area that not only offers pleasant views of the surrounding rooftops but also has room for landscaping or gardening pursuits. Cromford is notable for its historical significance linked to the Arkwright family and lies within the Derwent Valley Mills World Heritage Site. With outdoor attractions like Cromford Canal and the Peak District nearby, along with access to good transport links to local market towns, this location is both scenic and practical. The internal layout features original details such as stone mullioned windows and cutstone fireplaces, while areas like the kitchen and bathroom would benefit from upgrades. The property also includes cellars with flagged stone flooring that could be adapted for various uses. This could be an excellent investment opportunity or project for those looking to enhance a character-rich property in a desirable area.

Investment Analysis

(DE4 area)

Below Market Value

This property is priced -59.8% below area average per sq ft

-59.8%
Potential saving
This Property
£121/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£684,429
10% above area average per sq ft
Potential ROI
+110.6%
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

Market Place, Cromford, DE4
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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
£916
Based on a loan of £187,500 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