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East Parade, Harrogate

Yorkshire

£700,000
Listed on 08/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial end-terrace property, constructed from enduring stone, presents a noteworthy renovation and investment opportunity in the heart of Harrogate. Boasting over 4,500 square feet of space, this building is ideally situated within a short, level walk to the Harrogate railway station, enhancing its appeal for potential tenants or buyers seeking convenient access to transport links. The property comes with existing planning permission that allows for conversion into five distinct apartments. The proposed layout features four two-bedroom units and one one-bedroom apartment spread across five floors, making it an attractive prospect for residential rental or sale in a desirable location. With the planning reference number ZC24/03714/FUL already in place, prospective investors can hit the ground running with their development plans. This prime location benefits from being close to local amenities, parks, and cultural attractions, further increasing its potential rental yield and marketability once renovated.

Investment Analysis

(HG1 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.1%

Renovation Potential

Heavy 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
39
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (HG1)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -1.5%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on HG1 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

East Parade, Harrogate
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 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