5-bedroom house · YO60 6QD
For saleListed 539 days
Opportunity summary
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About
AN EXCEPTIONAL RESIDENTIAL DEVELOPMENT OPPORTUNITY “A rare opportunity to purchase a unique residential development opportunity, comprising a traditional stone barn with full planning consent to re-develop into a contemporary 5 bedroom residential dwelling situated within 23 acres of land set on the border of the Castle Howard Estate.
Barn: Dilapidated traditional stone and pantile building Land: Around 23 acres of productive free draining arable land (upto 56 acres available) Planning: Full planning consent in place for re-development for a 5 bedroom residential dwelling Location: An exceptional private rural location situated adjacent to Castle Howard Estate between Welburn and Terrington in the Howardian Hills Area of Outstanding Natural Beauty FOR SALE BY PRIVATE TREATYAS A WHOLE OR IN TWO LOTS: Lot 1: Barn with planning consent in 23.4 acres.
Guide Price: £650,000 DESCRIPTION / BACKGROUND The sale of The Paddocks, is an exceptional residential development opportunity and comprises a traditional stone barn with planning consent to alter, re-build and extend to create a contemporary 5 bedroom dwelling situated in an elevated south facing position within 23 acres of undulating agricultural land.
The property is located in a most delightful rural setting, located in the rolling countryside of the Howardian Hills AONB located in the shadows of the Castle Howard Estate between the popular and well serviced villages of Terrington and Welburn.
Full planning consent was granted on the 23 December 2022 under application 22/00641/FUL.The site comprises two barns. Barn 1 is a single storey barn and Barn 2 is the footprint of a collapsed barn.
The planning consent allows for the alteration, re-building and extension of the barns to create a contemporary style, part subterranean dwelling with traditional period features.
The approved accommodation will provide the following accommodation: Living/Dining Area Kitchen Utility Room Bedroom with en-suite Four further Bedrooms Bathroom Study Triple Garage Plant RoomPlease see overleaf the existing and approved plans and please note a Planning Pack is available for those requiring more details.
The property is situated within 23 acres of free draining arable land with some lovely original stone boundary walls.
There is the potential to make the land into attractive parkland or amenity grounds.
LOCATION The Paddocks is situated in a rural position in open countryside, to the east iof the small rural village of Ganthorpe, which is located between the larger villages of Terrington and Welburn, in the Howardian Hills, situated around 8 miles to the southwest of the market town of Malton.
The nearest range of services are within the village of Terrington, around 1.5 miles to the west, which includes school, village shop and stores, as well as sporting and leisure facilities.
The market town of Malton is around 8 miles distant and provides a full range of local services and amenities including schools, supermarkets, shops and railway station.
A wider range of amenities are available in the City of York, which is around 15 miles to the southwest and provides further facilities and mainline railway station providing links to London and Edinburgh The property can be identified by the Cundalls for sale board.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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