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Balk, Thirsk, North Yorkshire, YO7

Yorkshire

£750,000
Listed on 14/03/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3374 sqft

Description

This remarkable period property offers a unique opportunity for renovation and investment, set against the picturesque backdrop of the Hambleton Hills. Currently configured as two separate living spaces, this house could serve as an ideal multi-generational home or provide potential rental income. The main section features a welcoming entrance hall that opens into two spacious reception rooms, perfect for family gatherings. A sizable kitchen/breakfast room leads into a rear hallway with a downstairs shower room and an adjoining garden room that enhances the living space. Upstairs, three bedrooms share a family bathroom, making it suitable for both personal use or additional rental potential. Connected to the main house is an adjoining cottage that was originally part of the structure, which has been expanded to include its own three bedrooms and three reception rooms on the ground floor. This layout allows for flexibility in usage, whether as guest accommodation or another rental unit. Enhancing the property's value are several brick outbuildings totaling approximately 2,939 square feet. These insulated structures come equipped with electricity and water and have been utilized as a business showroom. They present significant potential for conversion into additional living spaces, subject to necessary planning permissions. Nestled on roughly an acre of land, the property boasts a large gravel driveway that accommodates ample parking while offering a serene lawned garden area at both side and rear—ideal for outdoor activities or further landscaping projects. Located at the edge of the North York Moors National Park, this home enjoys convenient access to major roadways like the A19 and A1, facilitating travel north and south. The nearby village of Bagby is within one mile and provides essential amenities such as a local pub and shop. The bustling market town of Thirsk is just two miles away and features direct train connections to London. For broader shopping options and cultural experiences, historic York is only 19 miles to the south. This property's blend of charm, space, and investment potential makes it an intriguing option worth exploring further.

Investment Analysis

(YO7 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£222/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,048,656
10% above area average per sq ft
Potential ROI
+16.5%
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
11%
Properties sold annually

Local Market Trend (YO7)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -1.3%
5 year growth: 7.0%
Investment Disclaimer: Analysis based on YO7 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

Balk, Thirsk, North Yorkshire, YO7
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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
£2,747
Based on a loan of £562,500 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