21 West End, Osmotherley, Northallerton, North Yorkshire DL6 3AG

Description

ONE BEDROOM COTTAGE IN OSMOTHERLEY. Occupying a delightful position within the highly sought-after North Yorkshire village of Osmotherley, this character cottage presents an excellent opportunity for owner occupiers, investors, holiday-let operators and those seeking a renovation project with the option of an ideal holiday let. The accommodation comprises a living room with feature fireplace, fitted kitchen, first-floor bedroom and bathroom. Externally, the property benefits from a rear courtyard and enjoys attractive views across the village and churchyard. The property is offered with vacant possession and requires a programme of modernisation and improvement, providing purchasers with the opportunity to add value and create a charming village home in a highly desirable location.

Accommodation

Ground Floor: Kitchen - 3.65m x 3.45m; Living Room - 3.65m x 3.38m. First Floor: Bedroom - 2.16m x 3.45m; Bathroom - 2.16m x 1.6m; Store - 1.93m x 1.34m.

Location

Osmotherley is a picturesque and well-regarded village situated on the western edge of the North York Moors National Park, offering a range of local amenities together with excellent access to Northallerton, the A19 and wider regional transport links.

Tenure / Property Information

Investment Analysis

Historic Land Registry evidence for the subject property is £165,000 in 2014. Nearby 11A West End sales were £150,000–£168,000 in 2014–2015. These are dated and not formal current valuations. A cautious evidence-based GDV range is £150,000–£168,000, with £165,000 as the base case.

Investment Snapshot

Strategy Recommendation

Potential BTL or owner-occupier purchase, subject to a full inspection, legal-pack review and firm refurbishment quotation. Do not rely on the asking rent or historic GDV without further validation.

Works Required

Modernisation and improvement as described by the auctioneer, potentially including updating the fitted kitchen, bathroom, decoration and general finishes. No costed schedule is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £120,000 guide, the stated buyer premium is £2,160 and the admin charge is £1,800, before any disbursements and refurbishment. A 75% refinance of the £165,000 base GDV would be £123,750, but cash left in cannot be calculated without a supported works budget and total project cost.

Buy-to-Let Analysis

The supplied advertised asking rent is £950 pcm, equating to £11,400 annually and a 9.5% gross yield on the £120,000 guide price before fees, works, finance and voids. This is an asking rent rather than achieved rent, and no total-cost yield can be established without refurbishment costs.

Flip Analysis

The base historic evidence-supported GDV is £165,000. Flip surplus cannot be calculated because refurbishment costs, selling costs and current market evidence are not supplied.

Investor Risks & Due Diligence

• The cottage requires modernisation and improvement, but no costed works schedule is supplied.

• The £950 pcm figure is an advertised asking rent, not an achieved rent.

• Comparable sales are historic, mainly from 2014–2015, so current GDV is uncertain.

• Buyer disbursements and other special-condition costs may apply and are not quantified.

• On-street parking and oil heating may affect occupier and tenant appeal.

Recommendation

Potential BTL or owner-occupier purchase, subject to a full inspection, legal-pack review and firm refurbishment quotation. Do not rely on the asking rent or historic GDV without further validation.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, one rent listing, auction fees and historic sales are supplied, but current comparables, refurbishment costs, legal-pack disbursements and achieved rental evidence are unavailable.