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Long Preston BD23

Yorkshire

£523,500
Listed on 11/09/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2432 sqft

Description

This four-bedroom stone farmhouse, accompanied by a two-bedroom annexe, is situated within the picturesque landscapes of the Yorkshire Dales National Park. The property enjoys breathtaking views to the west, making it a serene retreat for nature enthusiasts. While the main farmhouse requires modernization to meet contemporary living standards, this presents an exceptional opportunity for renovation and customization. The generous living spaces include two reception rooms, a kitchen with a pantry, and a lower ground floor cellar. On the first floor, you'll find four spacious double bedrooms along with a house bathroom. Additionally, the expansive attic offers further potential for conversion into additional living space or storage, subject to necessary approvals. The annexe is more modern in construction and features well-designed accommodations spread over two floors. It includes an entrance hall leading to two bedrooms and a shower room on the ground floor, while the first floor provides a lounge with scenic views, a kitchen, and another shower room—ideal for accommodating family members or guests. Externally, the property benefits from level lawned gardens at the front and rear as well as an enclosed side garden by the annexe. Parking space is ample, ensuring convenience for multiple vehicles. Potential buyers may also have access to additional agricultural land of up to four acres by separate negotiation, enhancing investment opportunities. The location of this farmhouse not only provides stunning natural beauty but also represents significant value through potential appreciation following renovations. Viewing is encouraged to fully grasp both the property's size and its possibilities for transformation into a remarkable family home or investment project. With double-glazed windows in the annexe and oil-fired central heating already installed, this property combines traditional charm with modern heating solutions while offering scope for further updates that can enhance comfort and efficiency.

Investment Analysis

(BD23 area)

Below Market Value

This property is priced -28.1% below area average per sq ft

-28.1%
Potential saving
This Property
£215/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£800,821
10% above area average per sq ft
Potential ROI
+32.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (BD23)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on BD23 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

Long Preston BD23
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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
£1,918
Based on a loan of £392,625 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