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Archway Estate Office, 16 Crown Square, Matlock
£225,000
Bedrooms
Bathrooms
This attractive stone built mid terraced cottage, elevated from the roadside, provides well presented and well balanced accommodation to include sitting room, spacious dining kitchen, two double bedrooms and bathroom. The property has undergone some updating over recent years with some original features retained. Outside, to the front of the property is a seating area taking advantage of the views, whilst to the rear is a useful patio yard with outbuilding. The property is currently used as a holiday let but would equally suit being a full time home.
Good local road links lead to the wide range of shops and amenities within Darley Dale and Two Dale, which include doctors surgery, pharmacy, hairdressers, grocery stores and cafs, with more extensive facilities in Matlock a short distance away. The neighbouring centres of employment include Bakewell (7 miles), Chesterfield (10 miles) and Alfreton (10 miles), whilst the cities of Sheffield, Derby and Nottingham are each within daily commuting distance. Matlock has rail links into the national network. The delights of the Derbyshire Dales and Peak District countryside are on the doorstep.
ACCOMMODATION
Elevated from the roadside, the property is accessed via a flight of stone steps to an entrance porch with part glazed uPVC front door and space for coat and boot storage. A door opens to the...
Sitting room - 3.88m x 3.63m (12 9' x 11 11') with good natural light from the south facing front window, wooden floor, cutstone fireplace with multi-fuel stove and slate hearth, plus built-in shelving and storage.
A glazed door opens to the...
Dining kitchen - 3.88m x 3.78m (12 9' x 12 5') fitted with a good range of cupboards, drawers and wood block work surfaces which incorporate a Belfast style pot sink and induction hob with stainless steel extractor hood over. There is an under counter electric oven, integral dishwasher and appliance space. To the chimney breast is a cutstone fireplace with space for an electric stove. With flagstone floor (which benefits from under floor heating), ample space for daily dining, rear facing window and a glazed door opening to the...
Utility / conservatory - 3.48m x 2.10m (11 5' x 6 11') of uPVC and double glazed construction, there is plumbing for an automatic washing machine, storage cupboards and work surfaces, and concealed to a wall unit is the gas fired boiler which serves the central heating and hot water system. The space is versatile and could be used for daily dining, hobbies or a home office. An external door allows access to the rear yard.
From the kitchen, stairs rise to the first floor landing with attractive exposed stone wall, access to the roof void and doors off to...
Bedroom 1 - 3.88m x 3.62m (12 9' x 11 11') a double bedroom with front facing dormer window providing superb views of the Derwent Valley and surrounding countryside. There is a wooden floor and attractive cast iron fireplace.
Bedroom 2 - 3.21m x 2m (10 6' x 6 7') a rear facing double bedroom with built-in wardrobes.
Shower room - 1.88m x 1.76m (6 2' x 5 9') with exposed stone wall, tiled shower cubicle with glazed door, WC and wash hand basin set to a wood block vanity surface. A Velux roof light brings in natural light. Chromed ladder radiator.
OUTSIDE & PARKING
The front patio is accessed from the roadside via a flight of stone steps. The patio is bounded by iron railings and offers an area for relaxation and alfresco dining and to an enjoy the superb views over the Derwent Valley and surrounding countryside.
To the rear of the property, accessed from the end of the row (the property enjoys a right of way along neighbouring properties) is a slabbed patio yard with stone outbuilding. The area provides both a seating area and drying area.
There is no off road parking with the property, parking is to the roadside.
TENURE - Freehold.
SERVICES - All mains services are available to the property, which enjoys the benefit of gas fired central heating and uPVC double glazing. No specific test has been made on the services or their distribution.
EPC RATING - Current 69C / Potential 86B
COUNCIL TAX - The property is currently used as a holiday let and so is assessed for Business Rates with a Rateable Value of 1,925.
FIXTURES & FITTINGS - Only the fixtures and fittings mentioned in these sales particulars are included in the sale. Certain other items may be taken at valuation if required. No specific test has been made on any appliance either included or available by negotiation.
DIRECTIONS - From Matlock Crown Square, take Bakewell Road before turning right at Twiggs onto Dimple Road. Rise up the hill and continue onto Hurds Hollow. Proceed before turning right onto Smedley Street then left onto Hackney Lane. Continue on Hackney Lane which then becomes Greenaway Lane. After around 200m the property can be found on the right hand side.
VIEWING - Strictly by prior arrangement with the Matlock office .
Ref: FTM10729
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Archway Estate Office, 16 Crown Square, Matlock
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