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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

Nestled in the historic village of Milford, this development presents a rare opportunity to invest in a site steeped in heritage. Formerly a cotton mill, Milford Mills is poised for transformation into a vibrant community of homes, featuring both two- and three-bedroom houses alongside one- and two-bedroom apartments. The project thoughtfully integrates eco-friendly designs while preserving key historical elements, such as the original stone boundary walls and the Mill Lade associated with the site's industrial past. This investment not only offers modern living spaces but also potential for significant appreciation given its UNESCO World Heritage status and proximity to scenic landscapes like The Pennines and Peak District National Park. With the local infrastructure backing this regeneration—including ample amenities in Duffield and Belper—this development is ideal for those looking to capitalize on the area's growing appeal. The community-focused environment makes it an attractive option for both families and professionals alike, ensuring lasting demand for housing in this picturesque setting.

Investment Analysis

(DE56 area)
Area Average
£295/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -3.8%
5 year growth: +10.0%
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

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,425
Based on a loan of £296,250 over 30 years at 4.06% 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.

Price History

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

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