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Borrowby, Thirsk

Yorkshire

£385,000

Listed on 04/12/2025

Property Details

Bedrooms
2
Type
Cottage
Area
2374 sqft

Description

This unique property comprises a former chapel and a charming cottage, both situated in the scenic Borrowby village, known for its appealing community atmosphere and accessibility to the A19. With Northallerton just five miles away, this location offers excellent potential for both residential and business development. The chapel, with its remarkable twin arch wooden doors and striking feature windows, presents an inspiring renovation opportunity aimed at creating a stunning family home or a combined living and working space. The interior boasts original elements like un-stained pine flooring and fitted church pews that can be preserved or reimagined depending on your vision. The cottage features two bedrooms alongside multiple reception areas, including a cozy living room with an open fireplace and a second sitting room perfect for relaxation or entertaining. While some updates will be necessary—particularly in the kitchen and bathroom—the robust structure is complemented by practical amenities such as secondary glazing and oil-fired heating. Outside, various outbuildings provide additional storage or workspace options, along with vehicle access for convenient parking. This property stands out not only for its historical charm but also for its considerable potential to be transformed into a desirable residence in a coveted village setting.

Investment Analysis

(YO7 area)

Below Market Value

This property is priced -43.6% below area average per sq ft

-43.6%
Potential saving
This Property
£162/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£750,647
10% above area average per sq ft
Potential ROI
+58.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (YO7)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +1.1%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on YO7 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

Borrowby, Thirsk
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,374
Based on a loan of £288,750 over 30 years at 3.97% 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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