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Millgate, Thirsk YO7

Yorkshire

£179,500

Listed on 11/05/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
697 sqft

Description

This property currently operates as a successful restaurant, providing an excellent opportunity for new owners looking to maintain its established revenue stream or pivot to a different concept. With all fixtures and fittings included in the sale, it offers a fully equipped space ready for immediate operation or reconfiguration. The site can be repurposed for various commercial uses subject to obtaining the necessary approvals, making it a versatile investment option. Situated on the bustling High Street, the location boasts high visibility and regular foot traffic, making it ideal for numerous commercial ventures such as retail, office space, or dining establishments. Spanning three levels, the property allows for creative adjustments according to business needs. Its prime position within a thriving market town like Thirsk enhances its attractiveness to potential investors, particularly given the area's low vacancy rate among shops and strong long-term rental prospects. Thirsk is a well-connected town with rich community ties and an appealing mix of local shops and services. Access is further supported by nearby public car parks and excellent transport links via Thirsk Railway Station and major roadways like the A19. This strategic location combined with its existing infrastructure makes it an attractive proposition for both immediate use and future redevelopment opportunities.

Investment Analysis

(YO7 area)

Below Market Value

This property is priced -10.4% below area average per sq ft

-10.4%
Potential saving
This Property
£258/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£220,388
10% above area average per sq ft
Potential ROI
-21.1%
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

Millgate, Thirsk YO7
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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
£640
Based on a loan of £134,625 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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