Modern Method of Auction
Auction date not yet published
2-bedroom house · HG4 2QT
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**great investment opportunity** Two bedroom property in the heart of Ripon.
**for sale by modern method of auction** A fantastic opportunity to purchase a two bedroom terraced property, conveniently positioned on Somerset Row and within a short walking distance of Ripon city centre.
The accommodation provides well-proportioned living space to the ground floor with a kitchen and spacious lounge, and to the first floor is two bedrooms and bathroom.
Externally the two garages offer excellent storage and there is parking for one vehicle.
Situated close to the centre of the historic cathedral city of Ripon, the property is ideally placed for easy access to a wide range of local amenities, including shops, restaurants, cafés and leisure facilities.
Ripon boasts a variety of local shopping facilities, a very popular weekly market, a number of restaurants and bars, cinema, racecourse, golf course, leisure centre, swimming pool and excellent transport links, with the 36 bus route travelling to Harrogate and Leeds multiple times a day until late.
Ripon has several schools including Ripon Grammar School, one of the most highly regarded grammar schools in the North, Outwood Academy plus a good choice of Primary schools.
The nearby fashionable Spa town of Harrogate offers a greater range of amenities and, further afield, lays the historic city of York, only 19 miles, and the vibrant commercial centre of Leeds, 32 miles.
The A61 gives easy access to the A1(M) and the national motorway network.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional. Tenure - The property is Leasehold. 999 year lease.
Services - The property has gas central heating, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection. Broadband - Please check the Ofcom website.
Mobile signal & coverage - Please check the Ofcom website. Flood risk – Very low risk of flooding. Planning permission – none in the immediate area. EPC: C council tax: B
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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
Agent & docs
FAQ
About 19, Somerset Row, North Yorkshire
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