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The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 1
The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 2
The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 3
The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 4
The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 5
The Craven Skipton, Craven Street, Skipton, BD23 2AP - Image 6

The Craven Skipton, Craven Street, Skipton, BD23 2AP

Yorkshire

£415,000
Listed on 02/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a distinctive opportunity for investors looking to capitalize on a conversion project in the heart of Skipton. With planning permission already granted for transforming the existing public house into six apartments, this site is well-situated, offering convenient access to local amenities and transport links. The proposed layout includes five two-bedroom apartments and one one-bedroom apartment, each with designated parking facilities. Skipton is noted for its vibrant community life, excellent educational institutions, and accessibility to picturesque countryside views, making it an attractive location for potential tenants. Beyond the immediate benefits of urban living, residents can enjoy the charm of local markets and recreational areas that draw both locals and tourists alike. This project not only allows for residential development but also integrates modern living spaces within a historic setting. The approved planning consent (ZA24/26084/FUL) from November 2024 simplifies the renovation process significantly, enabling an investor to move forward with confidence in transforming this space into desirable rental units.

Investment Analysis

(BD23 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
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

The Craven Skipton, Craven Street, Skipton, BD23 2AP
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,520
Based on a loan of £311,250 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