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Thief Lane, York

Yorkshire

£240,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1074 sqft

Description

This semi-detached house presents a significant opportunity for renovation and investment, situated conveniently near the city centre of York and within reach of York University. The property requires a complete modernisation, making it an ideal project for those looking to add value through upgrades. Upon entry, you're greeted by an entrance porch leading to a reception hall with a staircase to the upper floor. The kitchen, located at the rear, features built-in base units and includes essential appliances such as an electric oven and gas hob, along with an adjoining utility room that provides access to the attached garage. The ground floor offers a spacious lounge with an electric fireplace, followed by a dining room equipped with a living flame gas fire. Additionally, there’s a garden room at the back, increasing potential living space. Upstairs are three bedrooms—two generously sized with ample storage—and a bathroom that is functional but in need of modernisation. Externally, the property boasts off-street parking via a front driveway that leads to the single garage. The expansive rear garden, approximately 30m in length, is currently underutilised but has great potential for landscaping or further development. With no onward chain and vacant possession available, this property is ready for someone keen to transform it into their vision or capitalize on its rental potential.

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Investment analysis

(YO10 area)

Below Market Value

This property is priced -36.5% below area average per sq ft

-36.5%
Potential saving
This Property
£223/sq ft
Area Average
£352/sq ft
Avg Rent (weekly)
£307
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£415,853
10% above area average per sq ft
Potential ROI
+38.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO10)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +2.0%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on YO10 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

Thief Lane, York
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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

Next Steps

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