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Motor Miscellaneous, Killinghall, North Yorkshire

Yorkshire

£595,000
Listed on 01/07/2024

Property Details

Bedrooms
3
Type
Garage

Description

This freehold property located in Harrogate presents a unique opportunity for both commercial and residential investment. Situated on the busy A61, this site benefits from high visibility and significant daily traffic, making it ideal for various business ventures (subject to planning permissions), including but not limited to cafes, medical practices, or retail spaces. The property features a car showroom spanning approximately 1,350 sq ft, complete with a repair garage equipped with a hydraulic lift. Accompanying the commercial premises is an extensive three-bedroom residence that offers considerable living space across three levels. The lower ground floor includes a basement garage accommodating three vehicles and additional storage rooms. The ground floor boasts two reception areas alongside a bar lounge and a fully fitted kitchen with a separate dining space. Ascending to the first floor via an attractive spiral staircase reveals fitted wardrobes in the master bedroom, which is complemented by an ensuite bathroom. Two further bedrooms and a house bathroom complete the upper level. With total site coverage of around 4,466 sq ft (415 sq m), this property holds substantial renovation potential suitable for conversion or enhancement to fit diverse needs.

Investment Analysis

(HG3 area)
Area Average
£350/sq ft
Avg Rent (weekly)
£377
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (HG3)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -4.6%
5 year growth: -1.6%
Investment Disclaimer: Analysis based on HG3 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

Motor Miscellaneous, Killinghall, North Yorkshire
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,146
Based on a loan of £446,250 over 30 years at 4.06% 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.

Price History

-14.4% since listed
£595,000£54,999(-8.5%)
07/06/2025
Current price
£649,999£34,951(-5.1%)
05/09/2024
£684,950£10,050(-1.4%)
08/08/2024
£695,000Initial listing
01/07/2024

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