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Cromford Road, Crich, DE4

East Midlands

£400,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Cottage
Area
850 sqft

Description

This charming stone cottage, with historical roots dating back to the early 17th century, offers a unique opportunity for renovation enthusiasts and investors alike. Nestled just off the vibrant village centre of Crich, this property showcases a range of original features including an exposed cruck beam and a distinctive 'Squint Hole', adding character and potential to this already inviting home. While it benefits from gas central heating and double glazing, a comprehensive refurbishment is needed to unlock its full potential. The layout consists of an entrance hall, a spacious dining kitchen with an inglenook fireplace, utility room, ground floor WC, snug, office area, and living room – all perfect for reimagining into modern living spaces. Upstairs hosts three bedrooms and a family bathroom alongside ample landing space. The exterior presents a generous garden plot divided into three sections and includes a stone-built outbuilding that can serve various purposes, making it ideal for those looking to create additional income through rental or work-from-home options. This property is well-positioned in a sought-after location with great viewing potential.

Investment Analysis

(DE4 area)

Above Market Value

This property is priced +53.0% above area average per sq ft

+53.0%
This Property
£471/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£287,606
10% above area average per sq ft
Potential ROI
-34.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DE4)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -1.8%
5 year growth: +10.8%
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

Cromford Road, Crich, DE4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 over 30 years at 3.97% 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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