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Devaney Cottage, Knowleston Place, Matlock - Image 1
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Devaney Cottage, Knowleston Place, Matlock

East Midlands

£349,950

Listed on 19/06/2026

Property Details

Bedrooms
2
Type
Cottage
Area
668 sqft

Description

This quaint two-bedroom cottage, situated in the idyllic setting of Matlock, features a charming stone outbuilding that is ripe for renovation. With a total area of 668 square feet, the cottage presents a cozy yet efficient floor plan ideal for modern living while maintaining its character. The highlight of this property is undoubtedly the versatile stone outbuilding, measuring 301 sq. ft., which requires refurbishment and can be transformed into an office space, rental unit, or even a garage with the necessary planning permissions. Nestled within walking distance to amenities such as shops, eateries, parks, and public transport options, this property offers both convenience and potential for those looking to invest in home improvements. Allocated parking adds another layer of practicality to this offering. The location provides excellent connectivity to nearby towns and cities, enhancing its appeal as both a residence and a potential investment opportunity.

Investment Analysis

(DE4 area)

Above Market Value

This property is priced +71.3% above area average per sq ft

+71.3%
This Property
£524/sq ft
Area Average
£306/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£224,739
10% above area average per sq ft
Potential ROI
-40.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DE4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -1.3%
5 year growth: +11.2%
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

Devaney Cottage, Knowleston Place, 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
£1,322
Based on a loan of £262,462 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

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