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The Bungalow, Skyreholme. Skipton

Yorkshire

£480,000
Listed on 03/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1076 sqft

Description

Situated in the tranquil village of Skyreholme, this detached bungalow presents a unique opportunity for potential homeowners and investors alike. Formerly serving as the workers' canteen for a nearby papermill, the property offers distinct architectural character and is framed by breathtaking views of Simon Seat, making it an attractive option for those who appreciate natural beauty and outdoor activities. Upon entering the home, you will find a spacious living-dining area designed for comfort and versatility. The inviting open fireplace adds warmth to gatherings, while three well-proportioned double bedrooms provide ample accommodation for family members or guests. Additionally, the large wet room introduces a practical yet luxurious touch to daily living. The kitchen serves as a central hub with its generous layout featuring fitted units and essential appliances. A wood-burning stove enhances the cozy feel, complemented by picturesque views of the surrounding landscape. A walk-in pantry conveniently addresses storage needs, with direct access to the rear garden—a valuable feature for those who enjoy gardening or outdoor projects. The south-westerly facing garden is another key aspect of this property; it has been thoughtfully maintained to offer a space where one can relax or entertain outdoors. The sunroom provides a wonderful vantage point to soak in the spectacular scenery during any time of day. For ease of access, there is parking available for multiple vehicles, including a single garage and driveway space. Additionally, features such as a greenhouse and garden shed cater to those with horticultural interests or outdoor hobbies. With unobstructed views from the back garden, this property truly embraces its beautiful surroundings. Currently utilizing borehole water, there is also infrastructure in place for mains water should that be preferred. The property benefits from mains electric service and oil-fired central heating along with a Bio-Ficient sewage treatment system for efficient waste management—important considerations for long-term living. While some areas may benefit from updating and refurbishment, there is significant potential for enhancement throughout. Notably, the high ceilings present an opportunity to explore additional living space within the boarded loft (subject to planning permissions). With accessibility to local amenities in Grassington and Skipton just a short drive away, this location strikes an excellent balance between rural charm and modern convenience. This bungalow promises not only a comfortable residence but also an investment with considerable renovation potential—ideal for those looking to create their own vision within the beautiful context of the Yorkshire Dales.

Investment Analysis

(BD23 area)

Above Market Value

This property is priced +48.4% above area average per sq ft

+48.4%
This Property
£446/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£260
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£48,000 - £120,000
10-25% of property value
Target Value
£355,731
10% above area average per sq ft
Potential ROI
-40.7%
After renovation
Monthly Sales
25
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (BD23)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -1.6%
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. 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

The Bungalow, Skyreholme. Skipton
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