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Clovelly, Roes Lane, Crich, Matlock, DE4 5DH

East Midlands

£270,000
Listed on 01/09/2022

Property Details

Bedrooms
3
Type
Detached
Area
960 sqft

Description

This three-bedroom detached house is located on the periphery of the charming village of Crich, positioned on an elevated plot. The property presents a significant opportunity for modernization, comprising spacious interiors over two levels and benefiting from front and rear gardens along with off-road parking. The current layout includes two attic rooms that could be transformed into additional living space, enhancing the overall value of the home. The surrounding area is known for its scenic beauty and offers numerous outdoor activities along with essential local amenities like shops, schools, and healthcare services within easy reach. Accessibility to major roads provides convenient connections to nearby towns and cities, making this property appealing for both family life and future investment potential.

Investment Analysis

(DE4 area)

Below Market Value

This property is priced -8.8% below area average per sq ft

-8.8%
Potential saving
This Property
£281/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£325,618
10% above area average per sq ft
Potential ROI
+3.4%
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

Clovelly, Roes Lane, Crich, Matlock, DE4 5DH
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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
£956
Based on a loan of £202,500 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.

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