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Banks Farm, Thruscross, Harrogate, North Yorkshire HG3

Yorkshire

£595,000

Listed on 26/06/2026

Property details

Bedrooms
4
Type
Detached
Area
2005 sqft

Description

This traditional farmhouse, set in a picturesque rural setting overlooking Thruscross Reservoir, presents an exciting opportunity for renovation and development. Banks Farm, surrounded by the stunning Nidderdale National Landscape, offers not only expansive views but also a generous footprint of over 3,260 square feet for potential transformation. The property features an inviting entrance hall leading to various living spaces including a dining room, kitchen, pantry, and a sitting room that opens to four bedrooms with south-facing views. The existing structures include both modern and traditional barns that could be repurposed into unique residential spaces or accommodations for holiday rentals, subject to necessary consents. With its historic charm and substantial land of approximately 1.91 acres flanked by mature trees and open fields, this property is ripe for investment. The central heating system is oil-fired, complemented by double-glazed windows throughout. Additionally, the modest garden encircled by dry stone walls adds to its appeal as a tranquil retreat. This is an exceptional chance to craft a dream home or capitalize on the growing demand for leisure developments in this scenic area.

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Investment analysis

(HG3 area)

Below Market Value

This property is priced -15.7% below area average per sq ft

-15.7%
Potential saving
This Property
£297/sq ft
Area Average
£352/sq ft
Avg Rent (weekly)
£386
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£776,336
10% above area average per sq ft
Potential ROI
-8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (HG3)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -6.8%
5 year growth: -4.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,248
Based on a loan of £446,250 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

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