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Old Maltongate, Malton

Yorkshire

£199,950
Listed on 09/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
689 sqft

Description

Introducing a unique opportunity to invest in a pair of Grade II Listed cottages, conveniently located in the heart of Malton. Comprising two distinct properties, these cottages present an exciting renovation project, particularly Number 82, which is in need of extensive refurbishment and offers approximately 664 square feet of potential living space. Constructed from brick and stone under a classic clay pantile roof, these cottages originally functioned as a single dwelling. Number 82 features a sitting room, kitchen, and two bedrooms on the first floor. Currently lacking an internal bathroom—only an external toilet—this space is ripe for reconfiguration to meet modern needs. In contrast, Number 80 has been updated with a more functional layout featuring an internal bathroom and a smaller second bedroom. A shared cross passage divides the cottages at ground level, allowing for various options moving forward: retain them as two separate homes or combine them into a larger dwelling (subject to necessary consents). Externally, both properties feature an enclosed rear yard that includes several outhouses, enhancing the outdoor potential. Located in Malton—a town recently recognized by The Sunday Times as one of the best places to live—this property benefits from excellent amenities and transport connections. With York just 18 miles away and a railway station nearby providing regular services to the city (and connections to London in under two hours), this area is well served for both residents and visitors. Furthermore, Malton’s reputation as Yorkshire’s food capital adds another layer of appeal for prospective tenants or buyers. In summary, this pair of cottages represents not only a chance for creative renovation but also an excellent investment opportunity in a vibrant market town with strong rental demand and growth potential.

Investment Analysis

(YO17 area)

Above Market Value

This property is priced +7.4% above area average per sq ft

+7.4%
This Property
£290/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£204,709
10% above area average per sq ft
Potential ROI
-36.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (YO17)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -5.9%
5 year growth: 9.6%
Investment Disclaimer: Analysis based on YO17 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

Old Maltongate, Malton
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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
£732
Based on a loan of £149,962 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