Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
Archway Estate Office, 16 Crown Square, Matlock
£165,000
Bedrooms
Bathrooms
A spacious first floor two bedroom apartment, located within this impressive Grade II listed former Mill building, by the side of Bentley Brook. The accommodation benefits from a secure intercom entry system, lift access and the use of mature communal grounds, and comprises good sized hallway, well proportioned open plan kitchen and sitting / dining room, two double bedrooms and bathroom. There is also allocated parking for one vehicle, with further visitor parking bays available, plus communal grounds. The apartment would suit a variety of purchasers and a viewing is recommended.
The apartment block sits within a picturesque location on the outskirts of Matlock, yet within ready access to all the amenities and facilities in the town centre. Good road communications lead to the neighbouring centres of employment to include Bakewell, Chesterfield and Alfreton, with the cities of Sheffield, Derby and Nottingham all within daily commuting distance. The delights of the Derbyshire Dales and Peak District countryside are on the doorstep.
ACCOMMODATION
Apartment 7 is situated at first floor level, accessed via the secure entry system through the impressive and characterful entrance lobby. There is stair and lift access to all floors, and at first floor level the apartment is accessed off the communal hallway.
Entrance hallway - part tiled and part carpeted, an L-shaped space with two useful storage cupboards, and doors off to...
Sitting / dining room - 5.65m x 4.35m (18 6' x 14 3') a generous living area with window to the side, tall windows either side of the door, exposed brick pillar and being open plan to the...
Kitchen - 3.97m x 3.22m (13 x 10 7') fitted with a range of cupboards, drawers and work surfaces which incorporate a stainless steel sink unit and electric hob with extractor hood over. There is an electric under counter oven, integral fridge freezer and position for an automatic washing machine. There is space for daily dining and two windows allow good natural light.
From the entrance hall, further doors open to...
Bathroom - 1.98m x 1.89m (6 6' x 6 2') an internal room fitted with a panelled bath with mains shower over, pedestal wash hand basin and WC. There is contemporary wall tiling, vinyl flooring and extractor fan.
Bedroom 1 - 3.39m x 3.10m (11 1' x 10 2') maximum, a good double bedroom.
Bedroom 2 - 3.10m x 2.80m (10 2' x 9 2') a second good double bedroom.
OUTSIDE & PARKING
The mill benefits from managed communal grounds which includes an informal garden and terrace at the rear, and to the front a courtyard car park each flat having an allocated parking space, with additional visitor spaces nearby. The entrance to the mill bridges the attractive Bentley Brook.
TENURE - Leasehold - the apartment is subject to a 999 lease from 2004 with service charges payable at approximately 2,433 per annum, which can be paid either in full or monthly over the year. All leaseholders become a shareholder in the management company. The management company holds the freehold of the building.
SERVICES - Mains electricity, water and drainage are available to the property, which enjoys the benefit of electric heating. No specific test has been made on the services or their distribution.
EPC RATING - Current 74C / Potential 84B
COUNCIL TAX - Band C
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 Causeway Lane out of the town, passing the football ground and Hall Leys Park and through Matlock Green. The road begins to rise up and after approximately a quarter of a mile turn left into Lumsdale Road, drop down Lumsdale Road and Baileys Mill can be found on the left. Apartment 8 is located at first floor level.
WHAT3WORDS - chest.duke.test (general for the building, not specific to Apt 7)
VIEWING - Strictly by prior arrangement with the Matlock office .
Ref: FTM10838
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
The Property has been saved to your favorites
/ 5
It's quick and easy
