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Merchant Way, Copmanthorpe, YO23

Yorkshire

£550,000
Listed on 09/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1564 sqft

Description

Nestled on the esteemed Merchant Way in Copmanthorpe, this detached four-bedroom home presents a unique opportunity for renovation and investment. Owned by the same family for over forty years, the property has been well-maintained and features an abundance of natural light, thanks to its large windows and a south-facing garden aspect. The traditional layout comprises a welcoming hallway leading to a spacious lounge that connects directly to the garden through sliding doors. A formal dining room provides additional entertaining space, while the fitted kitchen includes a utility area and a convenient downstairs WC. The kitchen, recently updated with cream cabinetry and contrasting work surfaces, offers pleasant views of the garden and could be reimagined into an open-plan design more suited to contemporary living. The potential for modernization extends beyond cosmetic updates; the generous plot size opens up possibilities for extensions at the rear of the property, pending necessary planning permissions. Upstairs, residents will find a bright landing that leads to four comfortable bedrooms, including a principal suite with an en-suite bathroom. Bedrooms one through three overlook the lush rear garden, ensuring that each room is filled with sunlight throughout the day. A family bathroom completes this floor. The outdoor space is particularly noteworthy—a mature garden with established planting provides privacy and tranquility, along with useful outbuildings for additional storage or potential workspace. At the front of the house, a driveway leads to a double garage that houses an efficient hot air heating system; this area also offers potential adjustments for added parking if needed. With its blend of solid foundations and options for enhancement, this property offers discerning buyers an excellent canvas to customize their long-term family home in a sought-after village setting.

Investment Analysis

(YO23 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£352/sq ft
Area Average
£391/sq ft
Avg Rent (weekly)
£356
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£672,848
10% above area average per sq ft
Potential ROI
+12.1%
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
15%
Properties sold annually

Local Market Trend (YO23)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -1.5%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on YO23 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

Merchant Way, Copmanthorpe, YO23
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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
£2,015
Based on a loan of £412,500 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