# A Commercial Development Opportunity (Subject to PP) Approximately 3.95 Acres  (SK23 0QF)

## Property Details

| Key | Value |
|-----|-------|
| Address | Bowden Lane, High Peak, Derbyshire, SK23, SK23 0QF |
| Price | 1200000 |

## Description

This prominently located site is found adjacent to the A6 Dual Carriageway Bypass at it's junction with the A624 Foresters Way to the East of Chapel-En-Le-Frith Town Centre. It is directly opposite the new retail park where there is an Aldi, Starbucks and a new petrol station with EV charging station. The site is surrounded by modern commercial units and is considered suitable for development subject to obtaining appropriate planning consents.

Topographical and phase 1 surveys are available on request.

PRICE: Offers in excess of £1.2 million are sought.

TENURE: The property is understood to be freehold, but interested parties are advised to make their own enquiries via their solicitors and the Land Registry

PLANNING: It is believed the property would be suitable for industrial development. It is designated for industrial development in the Neighbourhood Development Plan of Chapel-en-le-Frith Parish Council. Interested parties should make their own enquiries of the local authority High Peak Borough Council as to the extent of development they would consider.

VIEWING: Viewing is strictly by appointment through the agents.  

MONEY LAUNDERING: In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. 

COSTS: All figures quoted are exclusive of but may be liable to VAT.  

For further information or to arrange a viewing, please contact Chris Stubbs at Greenham Commercial  .

## Property Photos

- ![The House](/listings/photos/754387612539185/551927) - The House
- ![General View](/listings/photos/754387612539185/551929) - General View
- ![Outbuilding](/listings/photos/754387612539185/551931) - Outbuilding
- ![View from Entrance](/listings/photos/754387612539185/551933) - View from Entrance

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| FICKLE MERMAID FLAT FORESTERS WAY, CHAPEL-EN-LE-FRITH, HIGH PEAK, DERBYSHIRE, SK23 0RB | £1,350,000 | 19/05/2023 | Other |

**Area average:** £1,350,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £395,556 (9 Other, SK23, 2024–2026)
- **Deviation:** +203.4%

## Rental Range

*ONS Price Index of Private Rents (High Peak). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £813/mo
- **Realistic:** £903/mo
- **Optimistic:** £993/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Maisonette, Manchester Road, SK23 | £775/mo | 2 | 0.83 miles | OpenRent |
| 2 Bed Bungalow, Nearwell Close, SK23 | £975/mo | 2 | 0.88 miles | OpenRent |

**Average rent: £875/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.07% (weak for cashflow)
- **Max investor price (0.8%):** £109,375
- **Target investor price (1%):** £87,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £875/mo).*

- **Gross yield:** 0.9%
- **Cost-to-rent:** 114.3×
- **Monthly cashflow:** £-3,963/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -13.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -49.9%

## House Price Index (HM Land Registry)

*Official index for High Peak; All dwelling types series; as of March 2026.*

- **1y growth (index):** 2%
- **5y growth (index):** 25.1%
- **10y growth (index):** 60.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)