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Banks Farm, Thruscross, Harrogate, North Yorkshire, HG3

Yorkshire

£595,000
Listed on 06/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
2005 sqft

Description

Nestled in an elevated position overlooking Thruscross Reservoir, this traditional stone-built farmhouse presents a prime opportunity for renovation and development within the stunning Nidderdale National Landscape. Surrounded by picturesque countryside and mature woodlands, the property boasts easy access to local market towns such as Harrogate and Otley, while also being conveniently located for exploring the Yorkshire Dales National Park just a short drive away. The spacious farmhouse includes over 3,260 square feet of accommodation that is ripe for refurbishment. The ground floor features multiple rooms, including a dining room, kitchen with pantry, sitting room, and bathroom, while the first floor holds four bedrooms – all offering scenic views to the south. A garage adjoins one end of the property, providing potential for extension or conversion into additional living space (subject to planning consent). In addition to the main residence, an array of traditional and modern farm buildings surround the property. These could be transformed to serve various purposes such as holiday lets, office spaces, or equestrian facilities. Notably, a substantial barn with impressive double height ceilings could be converted into a unique residential dwelling. Overall, this property presents significant investment potential in a beautiful rural setting, perfect for those looking to create their dream home or capitalize on leisure development opportunities.

Investment Analysis

(HG3 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£297/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£774,572
10% above area average per sq ft
Potential ROI
+8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HG3)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -2.8%
5 year growth: -0.3%
Investment Disclaimer: Analysis based on HG3 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

Banks Farm, Thruscross, Harrogate, North Yorkshire, HG3
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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
£2,123
Based on a loan of £446,250 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.

Stamp Duty Calculator

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