OUTSTANDING LIFESTYLE BUSINESS/INVESTMENT OPPORTUNITY TO OWN 3 PROPERTIES AND FURTHER OUTBUILDINGS WITH POTENTIAL TO CONVERT!
Nestled within the quaint village of Muston with a local pub, church and direct access to countryside walks you will find Blacksmiths Cottage a historic property that as it’s name suggests was once the premises of the busy village blacksmith. “The Old Smithy”, now a relaxing, romantic holiday retreat was the hot and steamy working forge with the original tether rings still on display inside. At less than 2 miles from Filey where miles of award winning sandy beach can be enjoyed as well as numerous eateries, a supermarket and local shops, Muston is well placed for all the area has to offer. A little further afield is the busier resort of Scarborough for a change of scene and a wider variety of amenities.
The current owners have recently undertaken a two year comprehensive yet sympathetic rebuild/renovation programme that has seen the site develop into a characterful home for themselves with the addition of two lucrative holiday cottages currently operated to suit their lifestyle. This could continue with new owners in its current format or as an investment to let all three properties. A rare and exciting turnkey operation in a highly sought after holiday area!
Set within grounds of approximately 1/3rd of an acre Blacksmiths Cottage, The Old Smithy and Little Smithy each have their own private garden areas comprising of patios and generous lawned and walled gardens. The mainly gravelled communal courtyard area allows parking for a number of vehicles as well as an EV charging point that can be used by guests. A range of outbuildings with potential to create a further third or fourth holiday let based on favourable pre-planning advice (details available upon request) completes the outside area.
The accommodation comprises below:
A characterful and charming 2 bedroom (formerly 3, easily converted back) detached property which is currently used as the owner’s main residence. Comprising internally on the ground floor of a dining room with stairs to the first floor, spacious lounge, fully fitted kitchen with quality integrated appliances, utility/laundry/boot room with a range of fitted storage and access to wc.
To the first floor lies a landing, a generous master bedroom, a second double bedroom with alcove storage/wardrobe area and a fabulous bathroom with freestanding bath and separate shower.
As part of the rebuild programme a Mitsubishi Eco Dan Air Source Heat Pump system has been fitted providing all the heating and hot water requirements for Blacksmiths Cottage. The ground floor benefits from underfloor heating with radiators to the first floor. The Air Source Heat Pump is subject to quarterly payments under the Renewable Heat Incentive scheme with £1200 being paid to the owners over the past 12 months. New owners will take over the credits for the remaining 5 years.
The Old Smithy
A quaint detached one bedroom single storey barn conversion with its own large and private garden area for guests to relax in and enjoy the Yorkshire sunshine. Internally the accommodation comprises a living/dining room opening into a fully fitted kitchen area with integrated appliances, a double bedroom with en-suite shower room. Central heating and hot water is via a LPG fuelled combi boiler.
A cosy, well equipped detached studio annexe with its own private courtyard patio area. Internally the porch leads into an open plan bedroom with space for dining and a range of fitted kitchen units with integrated appliances. A separate walk in wardrobe area provides access to the shower room. Central heating and hot water is via a LPG fuelled combi boiler.
The LPG bulk tank is situated in the communal courtyard/parking area.
The Old Smithy and Little Smithy were completely renovated and stylishly decorated and furnished between March 2020 and March 2021. The owners have chosen to operate the business on a low key lifestyle driven basis solely marketing the holiday lets via Airbnb since 12th April 2021.
Quickly gaining “Superhost” status for both properties and with current ratings of 4.98 stars and 4.92 stars respectively from 115 reviews (at the time of writing) is a great indication of its success. A number of guests have already returned or have booked again in 2022.
The first year of trading has generated an income of £36.5k and this could undoubtedly be increased further by new owners. The potential is there to achieve £45-50K for the two current holiday cottages. If Blacksmiths Cottage was also let and/or the outbuildings converted the income potential for the site as a whole would be significantly increased.
The owners will also be shortly marketing a further property that borders the site. This property could also be incorporated into the business. Details can be provided during viewings.
Dining Room (5.5m max x 3.7m max (18'0" max x 12'1" max))
Lounge (4.5m max x 3.7m max (14'9" max x 12'1" max))
Kitchen (3.5m max into cupboards x 2.5m max (11'5" max into)
Utility/Boot Room (6.3m x 1.7m (20'8" x 5'6"))
Landing (4.6m x 0.9m (15'1" x 2'11"))
Bedroom One (5.3 x 3.7m max (17'4" x 12'1" max))
Bedroom Two (2.9m x 2.7m (9'6" x 8'10"))
Bathroom (2.9m max x 2.9m max (9'6" max x 9'6" max))
THE OLD SMITHY:
Lounge (4.6m x 3.7m (15'1" x 12'1"))
Kitchen (3.4m x 1.8m max (11'1" x 5'10" max))
Bedroom (5.6m max x 2.9m max (18'4" max x 9'6" max))
Bathroom (2.4m x 1.9m (7'10" x 6'2"))
Porch (1.8m x 0.9m (5'10" x 2'11"))
Open Plan Lounge/Kitchen/Bedroom (4.6m x 3.0m (15'1" x 9'10"))
Wardrobe (1.4m x 0.9m (4'7" x 2'11"))
Bathroom (1.9m x 1.5m (6'2" x 4'11"))