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Milford Mills, Milford, Belper

East Midlands

£395,000
Listed on 12/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Introducing a remarkable opportunity in the historic village of Milford, located in the north Derbyshire region. This redevelopment project transforms the iconic Milford Mills, a former cotton mill dating back to 1780, into a distinctive blend of residential and commercial spaces. With architectural elements that echo its industrial past, this project retains several authentic features such as original stone boundary walls and historical waterworks while offering modern living conveniences. This collection includes 42 two- and three-bedroom houses alongside 27 one- and two-bedroom apartments, all set against the scenic backdrop of the River Derwent. The environment-focused design enhances its appeal for eco-conscious investors while providing ample public open space. The surrounding area boasts a vibrant community atmosphere with essential amenities, including local pubs, primary schooling options, parks, and other recreational facilities. The accessibility to major transport links makes this property investment not only attractive for potential homeowners but also for those looking to capitalise on the growing demand for unique living spaces in picturesque settings. Given its UNESCO World Heritage status and proximity to the Peak District National Park, Milford Mills is poised for significant appreciation as a sought-after location. With a revitalisation plan rooted in heritage and sustainability, this development presents an ideal investment opportunity for those looking to engage in further renovations or enhancements.

Investment Analysis

(DE56 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on DE56 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

Milford Mills, Milford, Belper
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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
£1,447
Based on a loan of £296,250 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