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As one of the most beautiful counties in England it is not surprising that rural residential property in Yorkshire continues to attract strong market interest despite a calming market overall.
The old adage of location, location, location proves particularly pertinent in the region as many rural properties boast settings which cannot be duplicated elsewhere and greatly add to their market appeal.
Sarah Webster, agent at Northallerton based Bruton Knowles explains how properties with the right location and land continue to appeal to a wider range of purchasers, “Despite calming in the residential market this year, properties with unusual or unspoilt rural locations, particularly those that boast some land for privacy and peace, continue to attract a wider range of potential purchasers. When the market takes a slower turn purchasers tend to become more cautious in their buying behaviour and will worry more about issues like resale value and resale potential. Consequently a strong location and land is of real benefit because buyers believe that this makes the property a safer investment in resale terms.”
Sarah Webster continues, “This is what makes some of the properties we are just bringing on to the market appealing for a potential purchaser. Mayfield House Farm in Tunstall near Richmond is a classic example of an unspoilt rural idyll. It boasts an impressive 5 bedroomed stone built farmhouse in need of modernisation, together with several traditional outbuildings that offer great potential for conversion into an annexe or holiday cottages subject to planning, as well as over 7 acres of pasture land divided into useful and valuable paddocks, guided at offers over £525,000. On a smaller scale for those looking for an escape away from city life Hillside cottage in Whixley near Boroughbridge is set in approximately 1 acre of grounds with a guide price of offers over £220,000.
For those looking for a tax effective investment and the chance to perhaps turn their hand to some rural activity we are also just marketing High Moor Farm at Minskip near Boroughbridge which consists of a substantial 4 bedroomed farmhouse, a range of traditional and modern farm buildings and over 80 acres of farm land which could be taken on by the purchaser or perhaps contract farmed by a neighbouring farm or even sold on. High Moor Farm is on the market for offers over £800,000.”
And for those who are looking for a challenge and want the chance to shape the rooms and the views for themselves, Bruton Knowles is also marketing a rare and exciting residential development opportunity in Brompton, Northallerton as Sarah Webster explains, “We have been instructed by North Yorkshire County Council to market The Close, at 58 Northallerton Road, Brompton, 1.5 miles north of Northallerton which is a beautiful Grade II listed Victorian building built in a Jacobean style offering 1,140 sq metres of internal accommodation, which together with 2.3 acres of land will be sold with planning consent for the creation of 6 residential dwellings and 3 new build mews cottages.
The main building constructed of red brick with a tiled roof and mullioned windows boasts many original features including a panelled function room with large inglenook fireplace and is supplemented outside by a coach house and further outbuildings. The partly walled grounds are landscaped including many features such as a sunken garden, kitchen garden, lawn and woodland area. Offers are sought in excess of £1,000,000 for this freehold property.”
Further details of all of these properties can be obtained from Sarah Webster at Bruton Knowles, Northallerton on 01609 785777.
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