Worst House on the Street Logo
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 1
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 2
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 3
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 4
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 5
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 6
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 7
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 8
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 9
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 10
Clovelly, Roes Lane, Crich, Matlock, DE4 5DH - Image 11

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

East Midlands

£270,000
Listed on 16/05/2024

Property Details

Bedrooms
3
Type
Detached house
Area
960 sqft

Description

This three-bedroom detached house is positioned on the elevated outskirts of Crich village, providing an excellent opportunity for renovation and investment. The property, while currently requiring modernisation, boasts well-sized rooms across two floors including potential attic space that can be converted into a fourth bedroom with the appropriate planning permissions. The front and rear gardens offer ample outdoor space, and there's off-road parking available for multiple vehicles. With sweeping views over the village and surrounding countryside, this home presents significant potential to enhance its living space and overall value. Residents will benefit from the proximity to various local amenities including schools, shops, and transport links to nearby towns such as Matlock, Belper, and Alfreton. This property not only offers a chance to create a dream home but also serves as a robust investment opportunity in a desirable location known for its scenic beauty and community spirit.

Investment Analysis

(DE4 area)

Below Market Value

This property is priced -6.8% below area average per sq ft

-6.8%
Potential saving
This Property
£281/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£318,648
10% above area average per sq ft
Potential ROI
+2.8%
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
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

Clovelly, Roes Lane, Crich, Matlock, DE4 5DH
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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