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Dethick, Matlock

East Midlands

£725,000

Listed on 23/04/2026

Property details

Bedrooms
4
Type
Detached
Area
3646 sqft

Description

Babington Farm presents a distinct opportunity for those looking to invest in a characterful rural property with significant renovation potential. Nestled on an expansive plot, the site comprises three barns, one of which already has planning permission for conversion into a four-bedroom residence, with initial works underway. This unique configuration offers versatile options, whether it's creating a family home or exploring multi-generational living arrangements, alongside potential for holiday rentals given its picturesque countryside setting. Accessed via two gated driveways, flexibility is at the forefront of this location's appeal. The adjacent garden area provides ample outdoor space, while planning permission is also secured for a detached garage, enhancing functionality. With multiple water supplies and private springs available, there are opportunities for subdivision, subject to necessary approvals. The property is conveniently positioned near charming villages like Lea and Cromford and provides easy access to Matlock and key transport links for commuters. Each barn offers generous dimensions suitable for transformation: Barn 2 has plans to become a spacious living area with a mezzanine; Barn 4 and Barn 5 present further possibilities for additional living accommodation or other uses (pending planning). The beautiful cherry tree-lined driveway adds to the charm of this investment opportunity in the Dethick conservation area.

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Investment analysis

(DE4 area)

Below Market Value

This property is priced -35.4% below area average per sq ft

-35.4%
Potential saving
This Property
£199/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,234,864
10% above area average per sq ft
Potential ROI
+26.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DE4)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +0.1%
5 year growth: +8.3%
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.

Location

Dethick, Matlock
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,739
Based on a loan of £543,750 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

-15.7% since listed
£725,000£135,000(-15.7%)
25/06/2026
Current price
£860,000Initial listing
26/04/2026

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