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22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 1
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 2
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 3
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 4
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 5
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 6
22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH - Image 7

22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH

East Midlands

£135,000
Listed on 22/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1101 sqft

Description

This semi-detached house, spanning three levels, offers a significant opportunity for renovation and investment in a desirable location within the East Midlands. The property includes three bedrooms and a garage, along with front and side gardens plus a rear yard, providing ample outdoor space. Inside, the ground floor features a through reception room and kitchen space that can be enhanced to modern standards. The first floor accommodates a bedroom and bathroom/WC, while the second floor hosts two additional bedrooms. With some refurbishment work needed throughout, this property presents an excellent chance for both home buyers looking to personalize their space and investors seeking to upgrade for potential rental or resale gains.

Investment Analysis

(DE4 area)

Below Market Value

This property is priced -59.5% below area average per sq ft

-59.5%
Potential saving
This Property
£123/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£366,297
10% above area average per sq ft
Potential ROI
+109.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE4)

Area prices are falling by +5.3% over the last 12 months
3 year growth: -2.6%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on DE4 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.

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Location

22 Water Lane, Cromford, Matlock, Derbyshire, DE4 3QH
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