3-bedroom detached house · HG3 3RB
Listing removedListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old Mechanics Institute is a stunningly presented three bedroomed detached house benefitting from well proportioned living accommodation throughout with character features and is nestled in the heart of the ever popular village of Bishop Monkton.
Dating back to 1859, formally a community hub for learning and writing, then changing to a hall for the village to use before being converted into a home.
The living accommodation comprises; entrance hall with flagged floor, spacious lounge which is dual aspect and an understairs storage cupboard, open plan dining and living area with double doors leading out onto the south facing private garden.
From the dining area there is an opening into the modern fitted kitchen with electric underfloor heating, quartz worktops, integrated dishwasher, Smeg Range gas cooker and extractor fan and space for a fridge freezer.
There is also a downstairs w/c and storage area which also has electric underfloor heating.
On the first floor the landing leads to the Master bedroom with walk in dressing room and ensuite shower room with walk in shower, w/c and hand basin.
From the Master bedroom there is a doorway leading into the clock tower with a hatch and ladder leading up to the beautifully maintained original working clock.
There are two further double bedrooms and a modern house bathroom with shower over the bath, w/c and hand basin.
Outside to the front of the property is a block paved driveway creating off street parking for multiple vehicles.
There is a side path leading to the rear garden which is a lovely private low maintenance south facing garden and creates a great entertaining space and also has raised beds, Astro turf lawn, hot tub, office garden pod which has power and lighting with electric heating but perfect for an office/studio/gym or entertaining space.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Zion Terrace, Bishop Monkton, Harrogate
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