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Derby Road, Cromford, DE4

East Midlands

£400,000

Listed on 22/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1216 sqft

Description

Grant's of Derbyshire is pleased to present this three-bedroom detached family home, ideally located on the outskirts of the historic village of Cromford. This property combines the charm of village life with easy access to the stunning Derbyshire countryside, offering spacious and versatile living spaces ripe for modernisation and personal touch. The standout feature is undoubtedly the generous garden, providing a peaceful retreat surrounded by natural beauty. Upon entering, you are greeted by a welcoming hallway that leads to a comfortable living room, a conservatory, a kitchen, a separate dining room, and a convenient downstairs WC. The first floor features a spacious landing leading to three well-sized bedrooms and a shower room. While the home would benefit from some updating, it presents an exciting opportunity for the new owner to create a space tailored to their style and needs. The location is particularly appealing, with Cromford Primary School within walking distance and the village offering a delightful selection of independent cafés, pubs, shops, and galleries. Nearby, the scenic Cromford Canal provides an idyllic setting for walks and enjoying the local wildlife. The property is also just moments from the renowned Cromford Mill, part of the UNESCO World Heritage Site, adding character to this unique location. With generous accommodation, a desirable setting, and significant potential for improvement, this property represents an excellent opportunity to create a wonderful family home in one of Derbyshire’s most sought-after areas. Viewing is highly recommended to fully appreciate the accommodation and potential on offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

40out of 100
Grade ELow opportunity

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.

Key opportunities

  • Generous garden space ideal for landscaping or outdoor entertainment
  • Spacious internal layout allowing for creative reconfiguration
  • Scope for modernisation to enhance property value and personal style

Key risks

  • All-in costs may exceed local benchmarks for similar properties, limiting potential returns

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Map

Location

Derby Road, Cromford, DE4
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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