14 Wellington Street, Matlock, Derbyshire DE4 3JP

Description

A three bedroomed semi-detached home with elevated views over Matlock. Occupying an elevated position above the historic town of Matlock, this three bedroomed semi-detached property offers comfortable living with the convenience of an easily managed garden. With no upward chain, it provides an excellent opportunity for families, professionals, or investors seeking a home in a desirable location.

Accommodation

The property opens into an entrance hall, leading through to a sitting room which seamlessly connects to the adjoining dining room and kitchen. At first floor the landing leads to two double bedrooms, a bathroom and a further bedroom.

Location

Matlock is a picturesque market town known for its rich history, beautiful architecture, and access to the stunning Peak District National Park. The town centre offers an array of independent shops, cafés, restaurants, and essential amenities, all within easy reach of the property. Excellent transport links provide connectivity to nearby towns and cities, making it a convenient location for commuters. Bordering the Derwent Valley, the area is renowned for its outstanding natural beauty, with scenic walking trails, cycling routes and outdoor pursuits available in the surrounding countryside. Attractions such as Heights of Abraham, Matlock Bath, and Chatsworth House are just a short drive away. The property is within the catchment for well-regarded schools, including Highfields School and several primary schools.

Investment Analysis

The supplied completed sales indicate a broad value range of £154,000–£183,000 for this property and nearby comparable semi-detached homes. The strongest same-street evidence is £155,000 in 2020 and £160,000 in 2022. A base GDV estimate of £160,000 is used, but there is no current valuation evidence, condition report or evidence explaining the higher £183,000 sale, so confidence is limited.

Investment Snapshot

Strategy Recommendation

Treat as a cautious owner-occupier purchase or only bid after viewing and confirming condition, title and all special-condition costs. Do not rely on the apparent margin for a flip or BTL strategy without rental, works and selling-cost evidence.

Works Required

No specific defects or required works are evidenced. The property should be inspected before bidding to establish whether any refurbishment, maintenance or compliance works are required.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £140,000 guide, the 4.8% buyer premium would be £6,720, producing a purchase price plus known buyer premium of £146,720 before works and other costs. A 75% refinance against the £160,000 base GDV would be approximately £120,000, but total project cost, finance costs and cash required cannot be calculated because works and other charges are unknown.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, yield and cash-flow performance cannot be established. The 4.8% buyer premium applies, subject to the stated £6,000 minimum; at the £140,000 guide this is £6,720 before any other costs.

Flip Analysis

Using the £160,000 base GDV, the apparent margin against the £140,000 guide is £20,000 before the £6,720 buyer premium, works, finance, selling costs and tax. The resulting surplus cannot be established because refurbishment requirements and selling costs are unsupported. The £183,000 high scenario is based on an older 2018 comparable and should not be relied upon without further evidence.

Investor Risks & Due Diligence

• No rental evidence is available, preventing reliable BTL yield or cash-flow analysis.

• Property condition and refurbishment requirements are not evidenced.

• The 4.8% buyer premium is payable in addition to the purchase price and other special-condition costs may apply.

• The valuation evidence is historic and spans a wide range of £154,000–£183,000.

• Subject tenure, occupancy, EPC, council tax, parking and heating details are not supplied.

• Finance costs, selling costs, tax and any additional auction fees are unknown.

Recommendation

Treat as a cautious owner-occupier purchase or only bid after viewing and confirming condition, title and all special-condition costs. Do not rely on the apparent margin for a flip or BTL strategy without rental, works and selling-cost evidence.

Strategy Rating

Analysis Confidence

There are several relevant completed sales, including same-street evidence, but no tenure confirmation for the subject, current valuation, condition report, rental evidence, EPC, or full auction-cost information.