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Aspin Park Drive, Knaresborough

Yorkshire

£280,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
660 sqft

Description

This two-bedroom semi-detached bungalow presents an exciting opportunity for those looking to invest in a property with renovation potential. Nestled in the desirable Aspin area of Knaresborough, the home is conveniently located on a regular bus route, providing easy access to local amenities and transport links. The property features a practical layout, including an entrance hall that leads to a spacious lounge distinguished by its feature fireplace, which currently houses an electric fire. The breakfast kitchen offers functional space complete with an electric cooker, room for a freestanding fridge freezer, and plumbing for a washing machine. A back door provides direct access to the rear garden, enhancing the flow between indoor and outdoor spaces. The bungalow includes a generously sized master bedroom with built-in storage and a second double bedroom suitable for various uses. The bathroom is equipped with a shower over the bath, w/c, and hand basin. One of the standout aspects of this property is its loft space, which presents further possibilities for expansion. Many neighboring homes have successfully converted their lofts to create additional living areas, subject to planning permissions and building regulations. Outside, the front garden features lawned areas complemented by well-established flower beds. A driveway runs alongside the property, allowing off-street parking for several vehicles in tandem. The rear garden offers ample space, complete with established flowerbeds and useful additions such as a summerhouse and storage shed. Located close to Knaresborough's vibrant market town center, residents will enjoy proximity to a variety of shops, restaurants, and bars. Additionally, families will appreciate nearby primary schools and King James secondary school. For those commuting or exploring further afield, convenient train services connect Knaresborough to Harrogate, Leeds, York, and London. This property not only offers comfortable living but also significant potential for enhancement in one of Knaresborough's sought-after neighborhoods.

Investment Analysis

(HG5 area)

Above Market Value

This property is priced +27.6% above area average per sq ft

+27.6%
This Property
£424/sq ft
Area Average
£333/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£241,468
10% above area average per sq ft
Potential ROI
-24.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (HG5)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -9.5%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on HG5 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

Aspin Park Drive, Knaresborough
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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
£1,026
Based on a loan of £210,000 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