Worst House on the Street Logo
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 1
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 2
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 3
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 4
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 5
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 6
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 7
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 8
NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP - Image 9

NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP

North West

£850,000
Listed on 21/05/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This detached property spans two and three stories, featuring attractive stone elevations topped with a pitched slate roof. Complementing the main structure are single-storey flat-roof additions at the rear, enhancing the overall usable space. The property includes several outbuildings that currently serve as storage but boast significant renovation potential; they previously obtained Planning Permission for conversion into six additional letting bedrooms, presenting an exciting opportunity for those looking to expand their rental portfolio. The site offers an enclosed yard, ideal for creating outdoor amenities or additional storage solutions. A well-maintained surfaced and lined car park accommodates approximately 45-50 vehicles, making it a practical asset for any business operation or residential venture. Additionally, the front beer patio provides a charming outdoor area that could be further developed to enhance guest experiences or social gatherings. Situated in a location with growth potential, this property presents an excellent investment opportunity. With strategic renovations and updates, it can transform into a profitable venture while taking advantage of existing zoning approvals. Whether you’re considering long-term rental opportunities or looking to create a unique hospitality experience, this property holds substantial promise for growth and profitability.

Investment Analysis

(SK22 area)
Area Average
£292/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (SK22)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.6%
Investment Disclaimer: Analysis based on SK22 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

NW-424055 - Royal Hotel, Market Street, Peak District SK22 2EP
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 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