4 Bed Detached House, Refurb/BRRR, Harrogate, HG3 1LB, £740,000

Rosedale, Pannal, HG3 1LB - 1 views - 6 months ago

Refurb/BRRR
~168 m²
+32 photos

ValuationOvervalued

Sold Prices£369.9K - £1.5M
Sold Prices/m²£2.5K/m² - £8.2K/m²

 

 

Square Metres

~168.30 m²
Price/m²£4.4K/m²

Value Estimate

£631,322

 

 

End Value (After Refurb)

£695,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£185,000

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£66,216

Bridging Loan Interest

£19,425

Total Cash In

£321,091

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£695,000

Mortgage (After Refinance)

£521,250

Mortgage LTV

75%

Cash Left In

£321,091

Equity

£173,750

Rent Range

£1,195 - £4,000

Rent Estimate

£2,105

Running Costs/mo

£2,613

Cashflow/mo

£-508

Cashflow/yr

£-6,094

Gross Yield

3%

Local Sold Prices

50 sold prices from £369.9K to £1.5M, average is £610.5K. £2.5K/m² to £8.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£610K09/210.13 mi9, Westminster Gate, Burn Bridge, Harrogate, North Yorkshire HG3 1LU4
£750K09/210.15 mi35, Westminster Crescent, Burn Bridge, Harrogate, North Yorkshire HG3 1LX4
£548K06/210.15 mi30, Westminster Crescent, Burn Bridge, Harrogate, North Yorkshire HG3 1LY4
£665K04/230.15 mi18, Westminster Crescent, Burn Bridge, Harrogate, North Yorkshire HG3 1LY4
£740K05/230.17 mi45, Crimple Meadows, Pannal, Harrogate, North Yorkshire HG3 1EL4
£585.4K03/210.17 mi61, Crimple Meadows, Pannal, Harrogate, North Yorkshire HG3 1EL4
£625K01/210.17 mi93, Crimple Meadows, Pannal, Harrogate, North Yorkshire HG3 1EL4
£670K10/230.21 mi44, Westminster Drive, Burn Bridge, Harrogate, North Yorkshire HG3 1LW4
£665K06/210.27 mi18, Burn Bridge Oval, Burn Bridge, Harrogate, North Yorkshire HG3 1LR4
£630K12/200.27 mi9, Burn Bridge Oval, Burn Bridge, Harrogate, North Yorkshire HG3 1LR4
£790K01/210.28 mi11, Burn Bridge Road, Burn Bridge, Harrogate, North Yorkshire HG3 1NS4
£475K06/210.28 mi6, Mill Lane, Pannal, Harrogate, North Yorkshire HG3 1JX4
£690K09/210.33 mi13, Hazel Drive, Burn Bridge, Harrogate, North Yorkshire HG3 1NY4
£450K06/210.36 mi11, Hillside Road, Pannal, Harrogate, North Yorkshire HG3 1JP4
£595K06/210.44 miAtlas Shrugged, Pannal Bank, Pannal, Harrogate, North Yorkshire HG3 1JG4
£486K10/200.44 miOak Tree Cottage, Pannal Bank, Pannal, Harrogate, North Yorkshire HG3 1JG4
£529K11/220.57 mi5, Long Acre Walk, Pannal, Harrogate, North Yorkshire HG3 1RG4
£489K01/210.62 mi38, Walton Park, Pannal, Harrogate, North Yorkshire HG3 1EJ4
£425K05/230.62 mi29, Ashgarth Court, Harrogate, North Yorkshire HG2 9LE4
£369.9K02/210.62 mi10, Ashgarth Court, Harrogate, North Yorkshire HG2 9LE4
£782.5K11/230.62 mi8, Ashgarth Court, Harrogate, North Yorkshire HG2 9LE4
£642.5K01/210.68 mi4, Ashville Close, Harrogate, North Yorkshire HG2 9LZ4
£627.5K07/230.68 mi11, Daleside Road, Harrogate, North Yorkshire HG2 9JE4
£560K04/210.72 miAshfield Lodge, Yew Tree Lane, Harrogate, North Yorkshire HG2 9JX4
£567.5K12/230.73 mi66, Green Lane, Harrogate, North Yorkshire HG2 9LN4
£780K03/210.73 mi78, Green Lane, Harrogate, North Yorkshire HG2 9LN4
£790K07/240.74 mi120, Leadhall Lane, Harrogate, North Yorkshire HG2 9PA4
£611K11/200.74 mi6, Brinklow Way, Harrogate, North Yorkshire HG2 9JW4
£570K03/210.81 mi3, Harlech Way, Harrogate, North Yorkshire HG2 9EZ4
£525K12/200.81 mi6, Mallinson Grove, Harrogate, North Yorkshire HG2 9HN4
£730K11/220.82 mi11, Leadhall Close, Harrogate, North Yorkshire HG2 9PQ4
£580K06/230.83 mi57, Mallinson Oval, Harrogate, North Yorkshire HG2 9HJ4
£1.3M11/210.83 mi5, Fulwith Grove, Harrogate, North Yorkshire HG2 8HN4
£762K09/210.83 mi7, Fulwith Close, Harrogate, North Yorkshire HG2 8HP4
£885K08/230.84 mi13, Firs Drive, Harrogate, North Yorkshire HG2 9HB4
£562K02/210.85 mi16, Mallinson Crescent, Harrogate, North Yorkshire HG2 9HP4
£480.1K12/200.85 mi3, Mallinson Crescent, Harrogate, North Yorkshire HG2 9HP4
£760K09/210.88 mi190, Walton Park, Pannal, Harrogate, North Yorkshire HG3 1RJ4
£630K07/230.88 mi100, Walton Park, Pannal, Harrogate, North Yorkshire HG3 1RJ4
£540K03/210.89 mi7, Leadhall Avenue, Harrogate, North Yorkshire HG2 9NH4
£760K02/210.89 mi20, Almsford Avenue, Harrogate, North Yorkshire HG2 8HD4
£590K12/200.89 mi6, Almsford Avenue, Harrogate, North Yorkshire HG2 8HD4
£545K04/230.92 mi22, Yew Tree Gardens, Harrogate, North Yorkshire HG2 9JU4
£800K02/210.93 mi14, Leadhall Crescent, Harrogate, North Yorkshire HG2 9NG4
£540K12/200.93 mi18, Leadhall Crescent, Harrogate, North Yorkshire HG2 9NG4
£542.5K12/220.95 miSunshine Cottage, Brackenthwaite Lane, Burn Bridge, Harrogate, North Yorkshire HG3 1PQ4
£1.5M05/230.95 miOakdene, Brackenthwaite Lane, Burn Bridge, Harrogate, North Yorkshire HG3 1PQ4
£540K06/240.97 mi133, Leeds Road, Harrogate, North Yorkshire HG2 8EZ4
£489.9K06/210.98 mi4, Almsford Walk, Harrogate, North Yorkshire HG2 8EL4
£697K03/211 mi10, Woods Court, Harrogate, North Yorkshire HG2 9QP4

Local Rents

12 rents from £1.2K/mo to £4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,54004/240.13 miWestminster Gate, Burn Bridge, Harrogate, North Yorkshire, HG33
£4,00011/230.28 miMill Lane, Harrogate, HG36
£3,25004/240.33 miHazel Drive, Burn Bridge, Harrogate4
£2,49504/240.84 mi-4
£3,50006/240.89 miLeadhall Way, Harrogate, HG25
£1,80004/241 miBeech Road, Harrogate4
£1,44504/241.14 miAlmsford Drive, Harrogate, HG23
£1,39504/241.15 miBeech Avenue, Harrogate, HG23
£1,49504/241.16 miVerity Walk, Harrogate, North Yorkshire, UK, HG23
£1,49505/241.16 miVerity Walk, Harrogate, North Yorkshire, UK, HG23
£1,65005/241.21 miHookstone Road, Harrogate, HG24
£1,19504/241.22 miArthurs Avenue, Harrogate, HG23

Local Area Statistics

Population in HG3

26,331

Population in Harrogate

93,832

Town centre distance

1.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Property History

Price changed to £740,000

December 7, 2024

Listed for £750,000

August 6, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SPECIAL CIRCA 1/3 ACRE PLOT MADE UP OF BEAUTIFUL, DEEPLY STOCKED AND COLOURFUL GARDENS, PATIO ENTERTAINING AREAS AND A BRIDGE OVER THE STREAM +
  • FOUR BEDROOM DETACHED HOME OFFERED FOR SALE FOR FIRST TIME SINCE BUILD IN LATE 1960'S +
  • LARGE BLOCK PAVED DRIVEWAY AND ATTACHED DOUBLE GARAGE +
  • LOCATED IN HIGHLY-DESIRABLE VILLAGE OF PANNAL +

Offered to the market for the first time since it was built, this four bedroom detached home now in need of general modernisation offers huge potential for extension and remodelling considering its beautiful, leafy plot of nearly 1/3 acre in size located in the highly-desirable village of Pannal. This excellent home was constructed to the owners specification and is the largest plot on Rosedale. Occupying a lovely, private position with a substantial frontage including a stunning Willow tree and multiple mature trees/shrubs, the property is approached via a sweeping block paved driveway suitable for multiple vehicles leading to the attached double garage with electric fob entry doors benefitting from power, lighting and a rear vehicle-sized door allowing access to the rear garden. Within the garage there is a hatch to the playroom above enjoyed by the family for many years. This playroom is also accessed from main house. Without a doubt, the plot of this house is special. With deeply stocked, mature and colourful borders, tall, mature trees that add to the privacy, there are various lawns, patio seating areas to entertain and enjoy the sun and a recently re-conditioned pedestrian bridge over Clark Gill stream, which extends to further beautiful mature gardens. The house itself offers circa 1500 square feet of internal accommodation comprising of a large, dual aspect L-shaped living/dining room with a feature open fireplace with a fossilized marble hearth and French Doors which open out to the garden. There is a fitted kitchen with a range of units. Completing the ground floor is a downstairs w/c and a study ideal for those working from home. To the first floor, a naturally light and airy landing branches off on to four well proportioned bedrooms all of which can accommodate a double bed and one of which houses an airing cupboard. They are served by a tiled house bathroom with an over-bath shower. A pull down ladder ascends up to an excellent attic perfect to accommodate a model railway, additional storage or potential conversion subject to the usual planning consents. It is worth noting that many of the houses in the area have converted their lofts creating additional bedroom space if required.

Agent Details

Myrings Estate Agents, Harrogate

01423 227715

Next Steps?

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