east millL E A B R I D G E , D E R B Y S H I R E

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Executive SummaryThe East Mill will create 26 beautiful homes at a World Heritage Site, set against the backdrop of the rolling Derbyshire countryside

The Development

Where is East Mill

The East Mill development in Lea Bridge will convert an 18th century cotton mill in to 26 homes, considerately blending the sites history, original stonework and legacy of craftmanship with contemporary interior design.

East Mill comprises a cluster of 3 mill buildings that formed the original factory. These will be refurbished to include 10 x duplex apartments (each with its own roof garden and parking); the old “Doctor’s House” will be renovated into a modern cottage, maintaining its original architec-ture; and the former stock warehouse will become 3 x three-storey cottages.

Two new build blocks will be built on site. Set back from the road, a two-storey block built in local red brick will have 8 x two-storey mews houses. These new units will have forecourt parking. Adjacent to the road, 4 x terraced two-storey townhouses will be built out of Derbyshire Stone in keeping with the original buildings next door.

Aesthetically, East Mill will sit in harmony with its surroundings. Works to the original buildings will preserve the character of the property, minimising invasive alterations. The “mill feel” will be preserved across the entire site, reinforcing the feeling that residents will be living amongst the history of the site.

There are few historic listed buildings such as this that can still be saved by considerate developers.

Planning restrictions within conservation areas, particularly those designated as World Heritage Sites such as East Mill, make this a truly unique proposition. Home buyers therefore have a limited window of time with which to take advantage of rare opportunities such as this.

House prices in Lea Bridge have risen by an average of 23% over the last 5 years suggesting growing demand for the area perhaps from those looking to escape suburbia in search of somewhere quieter.

East Mill can be found in the quiet village of Lea Bridge. Just 17 miles from Derby and 23 miles from the City of Nottingham, Lea Bridge is a sought-after area for those that want to be close to large employers, world class education and everything big cities have to offer, whilst enjoying the peace and tranquility of the Derbyshire countryside. The homes at East Mill will provide much needed solace from the hustle and bustle of busy lives.

East Mill’s location offers residents a a choice of modern conurbations and untouched nature. Cromford Railway Station - 1.8miles from East Mill - provides a direct service to Nottingham (59mins) and Derby (29mins). For those looking to escape to the outdoors, the Peak District National Park is just 10 miles away along the A6.

At A Glance26 properties at a World Heritage SiteSensitive design and conversion will preserve the history and feel of East MillWorld famous 18th Century mill once at the centre of UK cotton industry Regeneration of 3 original buildings and construction of 2 new build blocks in the same local styleSituated in a conservation area 9 miles from the Peak District National ParkEasy access to Nottingham and Derby by road and rail23% in property prices in Lea Bridge over last 5 years

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The Development Area Features1-bed duplex apartments2-bed three-storey Red Brick Terraced Townhouses3-bed three-storey Stone Terrace Townhouses2-Bed three-storey CottagesLarge 2-Bed two-storey CottageOriginal masonry and features in converted buildingsLocally-sourced brick and stone used for new-build elements18th Century textile mill now designated as a World Heritage SiteSensitive construction to preserve the East Mill’s rich history and beauty

Ideal for residents and those looking for a second home in the countrysideSuitable for all standard residential finance productsHouse prices have grown ahead of national average in last 12 monthsQuiet area with less than 1100 residents people in the Parish as of 2011 censusMajority of local people tend to be skilled workers, professionals and those with mid-to-senior management positions

East Mill SummaryEast Mill offers buyers a unique experience; Homes built for 21st Century wrapped in British Heritage

26 one, two andthree-bed homes

CROMFORDALFRETON

BELPER

CLAY CROSSDARLEY DALE

WIRKSWORTH

HULLAND WARD

SHIRLEY BRAILSFORD

MATLOCK

CHESTERFIELD

MANSFIELD

HUCKNALL

EASTWOOD

ILKESTON

RIPLEY

KIRBY IN ASHFIELD

STUTTON-IN-ASHFIELD

SHIREBROOK

MANSFIELD WOODHOUSE

BOLSOVER

STAVELEYCLOWNE

BARLBOROUGH

NORTH ANSTON

DINNINGTON BLYTH

ARNOLD

WORKSOP

DERBY

NOTTINGHAM

WEST BRIDGFORD

BEESTON

A6

BEIGHTON

DRONFIELD

HOPE VALLEY

HATHERSAGE

EYAM

BAKEWELL

BASLOW

LONG EATON

SHEFFIELD

Location: Lea BridgeEast Mill is a slice of English Heritage in the Picturesque Derbyshire Countryside that has easy access to major towns and cities

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East Mill is the former site of an institution of the British Textile industry. The John Smedley Company opened its headquarters at East Mill in 1784, using Richard Arkwright’s industry-changing spinning technology to produce high quality fabrics that were exported globally.

It’s position in the Derbyshire countryside made Lea Bridge ideal to incubate the textile industry. The rolling hills gave rise to streams and rivers for power-ing factories and transporting materials. Whilst the spinning machines have long-left East Mill and it stands empty, it still stands proudly as a monument to the rich History of the area, waiting to have new life breathed throughout the stone walls of the complex.

Lea Bridge itself is quiet. Situated in the Parish of Dethick, Lea and Holloway, there are just 1027 residents (as of 2011 census) but such a small area is steeped in quality and achievement. The area is home mostly to Company Directors, other senior manage-ment, middle managers, professionals and skilled workers with very low unemployment.

Lea Bridge is an affluent area. The average detached house price is the area is currently £372,000 with sales in the last year up to £515,000.

Reinforcing the growing property prices are quality schools. Within 13miles of Lea Bridge there are 4 schools with an OFSTED rating of “Outstanding” - including one in the village of Lea Bridge itself - and many more rated as “Good”. Students from Lea Bridge have the choice of 3 highly regarded universi-ties within 25 miles plus Loughborough University and its world-class sports facilities just over 30 miles away from East Mill.

Often villages such as Lea Bridge can be thought of as secluded and in-accessible however that is not the case here. Nottingham, Derby and Sheffield are all within commuting distance either by train from Cromford Station 1.8miles away, or via the A6 trunk road that passes within a 2miles of East Mill. With that said Lea Bridge lies in miles of unspoilt countryside. The Peak District National Park starts just 9miles from East Mill giving residents fast access to some of the most spectacular scenery the UK has to offer.

WIRKSWORTH

HULLAND WARDBELPER

RIPLEY

ALFRETON

CLAY CROSS

CHESTERFIELD

STAVELEY

BOLSOVER

SHIREBROOK

MANSFIELD

SUTTON-IN-ASHFIELD

KIRBY INASHFIELD

MANSFIELDWOODHOUSE

DRONFIELD

BRAILSFORD

ASHBOURNE

DERBY

DARLEY DALE

NOTTINGHAM

ILKSTON

EASTWOOD

HUCKNALL

ARNOLD

LEA BRIDGE

PEAK DISTRICT NATIONAL PARK

A6

A515

A515

A515

A6020

M1

A38

A38

M1

M1

M1

A60

A1

A46

A52

A60

A57

A614

A614

A6097

A6514

A614

A619

A61

A617

A617

A617

A610

CROMFORD5 miles 10 miles 20 miles 30 miles10 miles20 miles

Cromford Railway station - 1.8miles

Nottingham - 22miles

Derby - 17miles

Sheffield - 26.9miles

University of Sheffield - 24.8miles

University of Derby - 14.1miles

Nottingham Trent University - 22miles

Peak District National Park - 9miles

East Midlands Airport - 30miles

Lea Primary School - rated outstanding by OFSTED - 0.8miles

Swanwick Hall School - rated outstanding by OFSTED - 6.9miles

The Ecclesbourne School - rated outstanding by OFSTED - 10.1miles

Ashgate Croft Special School - rated outstanding by OFSTED - 12.8miles

A6 - 2miles

Nearby Places

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DerbyshireLiving and Thriving on the edge of the Peak District

At A Glance£100million to be invested in Derbyshire alongside the HS2 high speed rail linkHS2 will provide jobs and more opportunities for local businessesDerbyshire is a sought-after area indicated by a booming tourism industrySchool performance rankings in Derbyshire have improved by 3.3%There are major British Manufacturers located in Derbyshire, within commuting distancefrom Lea Bridge4 schools within 13 miles of Lea Bridge that are rated by OFSTED as “Outstanding”House prices across Derbyshire are growing but there is decreasing number of sales which suggests residents are staying put

Derbyshire has traditionally been the heart of the British Manufacturing industry. During the industrial revolution, technological innovations in the textiles industry were born in Derbyshire. In Derbyshire, double the national average are still employed in manufacturing with titans of the sector such as Rolls Royce, Toyota and Bombardier all building their products here.

Tourism in Derbyshire generates close to £2billion annually thanks, in part, to the Roman town of Buxton and the wider Peak District National Park. The stunning scenery across the 3 major reservoirs and rolling landscapes attract millions of visitors every year.

These two factors combined contributed to Ches-terfield (located 13miles from Lea Bridge) com-manding a sought-after position on the High Speed 2 rail link as it passes through the midlands between Birmingham and Leeds. HS2 will provide an important link between the Midlands and the North of England as part of the Northern Power-house. This initiative has set in motion plans to regenerate areas along the Chesterfield/ Notting-ham corridor, improving transport links, regenerat-ing housing and improving infrastructure. Improved connections will create jobs and confirm Derby-shire’s claim as a powerhouse county where businesses and people thrive.

A growing population in Derbyshire suggests demand for quality homes will continue its upwards trend. Where demand outstrips supply it is only inevitable that prices will rise perhaps explaining why prices have risen steadily for the last 10 years across the county. Still, house prices tend to be more affordable in Derbyshire than many other areas of the UK.

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According to the Amber Valley planning portal, since 2015 there have been no other applications for any other major renovations or new builds that would create more homes in Lea Bridge.

All planning applications for that period are subject to several constraints which could explain the lack of development applications i.e. World Hertigae Site, Conservation Area and Special Landscape Area.

At A Glance23% increase in Lea Bridge house prices over last 5 yearsShortage of properties in Lea Bridge with no 2 bed houses, 3 bed houses or 2 bed apartments for sale in the last 12 monthsJust 16 property sales in Lea Bridge in last 5 yearsResidents tend to own their properties for atleast 10 years in Lea BridgeLea Bridge tends to be more expensive than some of its neighbours thanks to its unique featuresLea Bridge remains cheaper than the close-by, popular commuter town of Matlock

400,000

350,000

300,000

200,000

150,000

100,000

2014 2015 2016 2017 2018

Value trends in Lea Bridge, Matlock

Detached Semi Detached Terraced Flats

2018 Zoopla.co.uk

Housing Market House prices in exclusive Lea Bridge are growing but a tiny number of sales each year makes it nearly impossible to buy

Future Property Supply

The property market in Lea Bridge is exclusive with only a small number of sales per year suggesting residents are settled and love Lea Bridge for everything it has to offer. Averaging just 3 sales per year over the last 5 years, opportunities to buy properties of any kind in Lea Bridge are few and far between. The desirability of the area is supported by the encouraging house price growth despite low turnover with prices rising 23% in the last 5 years.

Lea Bridge tends to be slightly more expensive than its nearest neighbour Holloway. Being smaller in size, Lea Bridge is a village where residents like to stick around. Of the 16 sales since 2013, most had lived in the same property for over 10 years.

Derbyshire will benefit from the development of the HS2 High speed rail link between Birmingham and Leeds. An HS2 terminal will be constructed near Chesterfield and, to accompany the link North-South railway, up to 17,000 homes around the terminal.

Housing plans have allocated land around Toton, Staveley and Erewash (towns within the HS2 growth zone) all of which are in excess of 18miles from Lea Bridge. The £100million of infrastructure and housing development is unlikely to negatively impact the idyllic surroundings of Lea Bridge.

The picturesque surroundings, consistent long term price growth and exclusivity of the area are all obvious explanations. Property prices in Lea Bridge remain 13-14% cheaper than Matlock, a local village 4 miles away that is popular with commuters to Derby thanks to the direct rail link.

Nationally there is a shortage of housing supply but this is no truer in areas such as Lea Bridge that are protected by developmental restrictions thanks to the close-by National Park, conservation area and, in the case of East Mill, National Heritage Site. Lea Bridge is therefore likely to remain the quiet country escape that it has been since the decline of manu-facturing at the local mills.

Figure 1: Comparison of sales prices around Lea Bridge in last 3 months for the property types featuring at East Mill

Average Price Paid (12months)

Lea Bridge £215,375

Holloway £214,438

Cromford £201,750

Matlock £243,471

Chesterfield £170,672

Derby £196,350

Nottingham £194,099

3 Bed House

None For Sale

£225,000

£305,000

£278,805

£199,450

£196,297

£195,850

2 Bed Apartment

None For Sale

None For Sale

None For Sale

£246,792

£113,207

£121,896

£143,899

2 Bed House

None For Sale

None For Sale

£223,738

£196,735

£126,197

£140,061

£150,672

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The Development:East MillEast Mill will reinvigorate a World Heritage site and bring high-demand, quality homes to idyllic Lea Bridge

East Mill will comprise a total of 26 dwellings across five buildings. Two former storehouses will be converted in to several units. The “Doctor’s House” that served the mill will be renovated to a high standard and two new blocks will be built from local brick and stone providing two rows of terraced 2 and 3 storey cottages with parking. The site will then be landscaped to maximise the impact of the rolling Derbyshire countryside.

East Mill is a development that has been planned with the utmost consideration to the history of the site. All conversion work will seek to minimise any invasive alterations where possible, preserving the features and charm of the original buildings. The existing openings will be used where possible howev-er any new windows or doors will be created in keeping with all others.

The new build terraced blocks of East Mill will be built from local materials. Three townhous-es will be built at the entrance to the site facing the road from local stone to match the other buildings around. The two-storey 2-bed units at the rear of East Mill will be built from local red brick, taking inspiration from the looming mills buildings that now stand silent after hundreds of years of innovative British manufacturing.

Target completion of phase 1 of East Mill is expected in July 2019 with the final units to be completed by the same time the following year.

All aspects of this development will be completed to a high standard both inside and out. Externally East Mill will have the appear-ance of a sensitively-converted historic building whilst the interiors will have a mod-ern-feel but not so much so as to feel out-of-place.

At A Glance

Modern homes in a historic setting26 1, 2 and 3-bed units over 5 buildingsThree storey town houses, two-storey cottages, duplex apartments and a two-storey former Doctor’s HouseLandscaped grounds in keeping with the surrounding area18th Century converted mill3 elements of the original mill will be retained and 2 new build blocks will be built from local materials in keeping with the rest of the site

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SpecificationTraditional architecture will be complemented by contemporary interior design, blending the original and the modern

General

Disclaimer: Specification details are for general guidance only and the developer reserves the right to subsititute any material or item for an alternative of equal or superior quality. For a more detailed specification of your chosen property, please ask the Sales Advisor. This is a guide and may be subject to change.

Modern fitted kitchenHigh specification finish throughout

New Build BlocksConstructed from locally sourced red brick and stone to complement - not compete - with the existing mill aestheticsFull height windows on the upper levelsTimber front doorStone lintels

Original Mill BuildingsOriginal openings for windows and doors to be preservedThere are several doorways that have previously been bricked up. Several will be reinstated, maximising use of the site’s original featuresDouble fronted standalone two-storey cottage

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