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Milford Mills, Milford, Belper

East Midlands

£395,000

Listed on 16/05/2025

Property details

Bedrooms
3
Type
Town House

Description

This property is part of the Milford Mills development, a unique opportunity within a historically significant UNESCO World Heritage site in north Derbyshire. The redevelopment of this former cotton mill, dating back to 1780, presents an investment potential with its commitment to restoring and preserving numerous original features, including stone boundary walls and water management systems that once powered the mill. The project aims to create a vibrant community through the construction of 42 houses and multiple apartments, all set against the backdrop of scenic riverside views and open spaces. Given its location in the charming village of Milford—with local amenities such as pubs, schools, and parks—this investment has great potential for both residential appeal and long-term value appreciation. The surrounding area offers access to beautiful countryside walks and convenient transport links to nearby towns like Belper and Derby, making it a desirable spot for future residents or tenants. As such, this property not only serves as a home but also stands as a promising renovation project that could yield significant returns.

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Investment analysis

(DE56 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.9%

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
34
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (DE56)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -3.7%
5 year growth: +4.7%
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

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,492
Based on a loan of £296,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

+6.8% since listed
£395,000+£25,000(+6.8%)
11/09/2025
Current price
£370,000Initial listing
16/05/2025

Next Steps

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