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Overton House, Reeth, Swaledale

North East

£420,000
Listed on 08/05/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
2205 sqft

Description

This unique property presents a compelling opportunity for renovation and investment in the heart of Swaledale. Featuring a blend of commercial and residential space, it is ideally situated overlooking the charming Reeth village green, making it an attractive prospect for both live/work scenarios or complete residential conversion. The interior of the property is spacious with a layout that includes three double bedrooms and flexible living areas. The main entrance opens into a hall that connects to various rooms, including a former café space that boasts characterful features such as beamed ceilings and pine flooring. This versatile area provides ample potential for transformation, whether it be reestablishing as a café or repurposing into additional living space. On the ground floor, you will find a lounge with traditional touches like an open fireplace and secondary glazing that enhances energy efficiency while maintaining aesthetics. A separate dining room leads to a kitchen with practical amenities like gas cooker points and utility access. The inclusion of a study, which could easily serve as a fourth bedroom, adds to the adaptability of this layout. The property also offers significant storage options, including a cellar with original stone shelves, ensuring that it meets both functional needs and offers potential for development. The secluded west-facing rear garden benefits from established planting areas and features an oil-fired boiler installed recently in 2021. Strategically positioned within the Yorkshire Dales National Park, this property not only provides scenic surroundings but also enjoys good transport links to nearby towns. Planning permission has already been granted to transition the commercial part into full residential use, offering buyers peace of mind in pursuing their renovation dreams without lengthy approval processes. Council Tax Band D ensures manageable ongoing costs for owners while adding valuable living space in an increasingly sought-after location. Overall, this property represents an excellent investment opportunity ripe for reimagining into your ideal home or optimizing its potential as a rental income source in this picturesque setting.

Investment Analysis

(DL11 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£190/sq ft
Area Average
£286/sq ft

Renovation Potential

Est. Renovation Cost
£42,000 - £105,000
10-25% of property value
Target Value
£694,057
10% above area average per sq ft
Potential ROI
+32.2%
After renovation
Monthly Sales
4
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DL11)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -8.0%
5 year growth: 25.4%
Investment Disclaimer: Analysis based on DL11 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

Overton House, Reeth, Swaledale
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