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Mill Street, Clowne, Chesterfield, Derbyshire, S43

Yorkshire

£320,000
Listed on 11/06/2025

Property Details

Bedrooms
4
Type
Detached

Description

This substantial stone-built former public house presents a compelling opportunity for mixed-use redevelopment, subject to planning permission. With its historic character and prominent location in a developing town, the property is well-positioned for conversion into multiple commercial units complemented by residential living on the upper floors. The extensive grounds, encompassing approximately 0.58 acres, include a variety of outbuildings, a beer garden, and ample parking facilities, all of which contribute to its redevelopment potential. Previously approved for residential use in 1987, the site opens up diverse possibilities for investors looking to capitalize on the growing demand in Clowne, located just 9 miles from Chesterfield and 7 miles from Worksop. The interior features generous spaces such as three large rooms suitable for various commercial applications, as well as two washrooms and cellars accessible via a barrel ramp. The upper floor offers spacious accommodation with four double bedrooms and communal areas that can be revitalized or redesigned to suit modern standards. Externally, there are dedicated parking spaces and an unmade drive leading to an enclosed courtyard with the potential for landscaping or additional facilities. The current EPC ratings indicate room for improvement as well. Overall, this property represents a significant investment opportunity with extensive renovation possibilities to create a vibrant mixed-use development.

Investment Analysis

(S43 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (S43)

Area prices are falling by -6.1% over the last 12 months
3 year growth: +1.3%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on S43 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

Mill Street, Clowne, Chesterfield, Derbyshire, S43
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,133
Based on a loan of £240,000 over 30 years at 3.91% 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

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