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Market Place, Masham, Ripon, North Yorkshire - Image 1
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Market Place, Masham, Ripon, North Yorkshire - Image 5

Market Place, Masham, Ripon, North Yorkshire

Yorkshire

£545,000
Listed on 06/11/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2218 sqft

Description

This Grade II listed gem, The Merchants House, presents a compelling opportunity for investors or those seeking to create an elegant family residence. Having been partially updated with modern wiring and plumbing, this historic property retains a remarkable array of character features alongside contemporary elements. Spanning three bright levels, the ground floor includes two welcoming reception rooms—an inviting snug and a spacious sitting room complete with a classic cast-iron fireplace and stylish oak-effect flooring. The standout feature is the impressive open-plan kitchen and dining area, measuring 27ft, which opens onto a rear courtyard garden through French doors and is illuminated by a skylight overhead. The kitchen boasts sleek grey Shaker-style cabinetry with marble effect work surfaces and a high-end Cookmaster range cooker, ideal for culinary enthusiasts. On the first floor, you’ll find two well-sized double bedrooms, including the principal suite that includes an en suite bathroom featuring a charming clawfoot bath, as well as an additional family shower room. Access to a former roof terrace via double French doors adds further potential to this already attractive space. The second floor accommodates two additional double bedrooms, one benefiting from an en suite and walk-in dressing area. Externally, the house enjoys proximity to Market Place with its historical setting and regular markets while offering extensive parking options. A walled courtyard garden at the rear enhances outdoor living options. This property not only serves as a luxurious holiday home but also harbours potential for further enhancement or conversion into additional living spaces given its size and layout.

Investment Analysis

(HG4 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£246/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£718,765
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (HG4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 17.5%
Investment Disclaimer: Analysis based on HG4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Market Place, Masham, Ripon, North Yorkshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,996
Based on a loan of £408,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE