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East Midlands
£400,000
Listed on 22/09/2026
Listed on 22/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom detached house in Cromford offers a spacious internal layout and a generous garden, presenting a canvas for modernisation that many buyers will find appealing. While the property is currently dated, with the kitchen and bathroom needing updates, the overall potential to personalize the space makes it an interesting project for those with a vision.
However, the asking price of £400,000 translates to £329/sqf, which is about 6.8% above the local average of £308/sqf. Coupled with the estimated renovation costs ranging from £40,000 to £120,000, the all-in cost could stretch beyond local benchmarks for similar properties, indicating a limited economic opportunity. This is not an ideal scenario for those looking for strong value-add potential.
Despite the attractive location and excellent fundamentals, prospective buyers should be mindful of the economics, as the total investment may not yield the desired returns based on current market conditions.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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