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Market Place, Masham, Ripon, North Yorkshire

Yorkshire

£545,000
Listed on 09/11/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2218 sqft

Description

This Grade II listed property, originally constructed in the late 18th century, represents a compelling opportunity for both investors and those seeking a charming family residence. Currently functioning as a holiday home, the property has undergone significant renovations, including comprehensive rewiring and plumbing updates. The blend of period character with modern fixtures provides a unique living environment. The accommodation is thoughtfully spread across three light-filled levels. The ground floor features two inviting reception rooms: a snug area perfect for relaxation and a spacious sitting room adorned with a cast-iron fireplace and warm Karndean oak effect flooring. At the rear, an expansive 27-foot open-plan kitchen and dining area serves as an ideal gathering spot, enhanced by French doors that lead to the walled courtyard garden. This area is flooded with natural light thanks to the skylight overhead. The kitchen boasts stylish grey Shaker-style cabinetry paired with elegant marble effect work surfaces and is equipped with a stainless steel Cookmaster range cooker that offers ample capacity for culinary endeavors. On the first floor are two well-proportioned double bedrooms, including a principal bedroom complete with an en suite featuring a clawfoot bath, alongside a designated family shower room. A noteworthy feature is the accessibility to the former roof terrace via French doors off the stairway, presenting potential for outdoor relaxation or gardening. The second floor accommodates two additional double bedrooms, one of which includes an en suite bathroom and walk-in dressing area—adding to the overall appeal for future occupants or guests. Externally, the property opens directly onto Market Place, surrounded by historic architecture and convenient access to local markets. Ample parking options are available nearby, enhancing both functionality and accessibility. The enclosed courtyard garden at the rear offers privacy and potential for landscaping projects—perfect for creating an outdoor retreat or entertaining space. For those considering investment opportunities, there’s also potential beyond this main residence; an adjacent one-bedroom mews cottage known as "The Nook" is available for development into a two-bedroom home. Already possessing planning permission to marry historical charm with contemporary design, this additional space presents an exciting project for turning it into desirable accommodation while enjoying its own private courtyard garden and garage facilities. Located in Masham—a market town nestled along the River Ure—the property enjoys proximity to various amenities such as local shops, eateries, and recreational facilities. Excellent connectivity via road links to Ripon (just nine miles away) expands access to further shopping options and educational institutions like Outwood Academy. Investors will find appeal not only in the property's current

Investment Analysis

(HG4 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£246/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£718,765
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (HG4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 17.5%
Investment Disclaimer: Analysis based on HG4 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

Market Place, Masham, Ripon, North Yorkshire
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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
£1,996
Based on a loan of £408,750 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