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Milford Mills, Milford, Belper

East Midlands

£265,000
Listed on 19/05/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

Milford Mills presents an intriguing opportunity for investors and renovators, featuring a carefully designed collection of 2 and 3-bedroom homes in the charming village of Milford, North Derbyshire. This development is built on the historic site of a former cotton mill, which not only offers potential buyers unique architectural features but also invites the possibility to retain certain historic elements in future renovations. The project includes dual aspect open plan living spaces and an emphasis on eco-friendly construction with EV charging capabilities. With completion anticipated in Q3 2026, there is ample time to explore personalized renovation opportunities that could enhance the property's value. Milford boasts strong community ties and local amenities while being situated near the scenic Peak District, making it appealing for both family living and holiday rentals. Its proximity to Derby, Duffield, and Belper further adds to its investment allure, given the area's growing popularity. As such, this property not only serves as a residence but as a canvas for creative renovation that respects its history while meeting modern demands.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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
£956
Based on a loan of £198,750 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.

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