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Balk, Thirsk, North Yorkshire, YO7 - Image 1
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Balk, Thirsk, North Yorkshire, YO7

Yorkshire

£800,000
Listed on 13/03/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3374 sqft

Description

This expansive period home, nestled at the base of the picturesque Hambleton Hills, presents a unique opportunity for renovation and investment. Originally designed as a spacious family residence, the property has been divided into two separate living units, making it ideal for multi-generational families or those seeking rental income. Upon entry, guests are greeted by a substantial hallway that leads to two well-proportioned reception rooms, each offering plenty of natural light and character. The kitchen/breakfast area is generously sized and flows into a rear entrance hall alongside a convenient downstairs shower room. Just off the kitchen, a garden room provides potential for transformation into a more functional space or tranquil retreat. The first floor comprises three bedrooms accompanied by a house bathroom, providing ample accommodation while also leaving room for updates and personalization. The adjoining cottage, which was originally part of the main dwelling and later extended, features three additional bedrooms along with multiple reception areas on the ground floor. This layout not only enhances versatility but also allows for potential reconfiguration to suit various living arrangements or rental opportunities. A standout feature of this property is its range of outbuildings totaling 2,939 square feet. Currently utilized as a business showroom, these insulated structures are equipped with electricity and water, presenting significant possibilities for conversion into extra living quarters or other functional spaces—subject to securing the necessary planning permissions. Set against an expansive gravel driveway that offers ample parking for several vehicles, this property occupies approximately one acre of land. The private lawned garden to the side and rear adds to its appeal while providing space for outdoor activities or future landscaping projects. Located in Balk, just below the Hambleton Hills and on the edge of North York Moors National Park, this area boasts excellent access to major routes like the A19 and A1. The nearby village of Bagby is less than a mile away and offers essential amenities including a pub, shop, church, nursery, and local craftsmanship. Thirsk is merely 2 miles from your doorstep, featuring vibrant market town life with direct train connections to London. For those looking for more extensive services or cultural experiences, the historic City of York lies just 19 miles to the south. This property not only offers generous living spaces but also significant potential for enhancement through renovation and thoughtful investment strategies.

Investment Analysis

(YO7 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£237/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£310
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
Target Value
£1,040,862
10% above area average per sq ft
Potential ROI
+4.1%
After renovation
Monthly Sales
18
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (YO7)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 4.2%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on YO7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Balk, Thirsk, North Yorkshire, YO7
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