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Pickering Road, West Ayton, YO13

Yorkshire

£500,000
Listed on 04/04/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1743 sqft

Description

This property presents a unique opportunity for renovation and investment in a sought-after location. Set on an impressive 1.6-acre plot, this four-bedroom detached bungalow is characterized by its classic double-bay front and offers both expansive landscaped gardens and a separate paddock, each approximately 0.8 acres in size. Nestled in the attractive area of West Ayton, residents will benefit from convenient access to local amenities and attractions. The outdoor space is particularly noteworthy; the south-facing rear garden features a generous lawn area complemented by established landscaping, providing a picturesque backdrop with views over the Wolds and open fields. This tranquil setting holds potential for various uses, whether it be creating an inviting outdoor living space or exploring options for further development. The current owners have proactively engaged with the North York Moors National Park Authority, who have indicated that proposals for new development may be received positively. There is potential for constructing two additional houses or even replacing the existing bungalow with up to three new homes—details are available upon inquiry. Additionally, there could be opportunities to add a granny annexe or another bungalow on site. The land may also be suitable for equestrian activities, pending necessary permissions. The bungalow itself, while in need of modernization, offers substantial space and character awaiting transformation. Inside, you’ll find: - A welcoming entrance hall that leads to a loft room upstairs with lovely views of the rear garden. - Four generously sized double bedrooms that provide ample living accommodation. - A large lounge/diner measuring 20 feet in length, featuring a bay window that frames stunning vistas of the garden. This property represents not just a home but also an investment opportunity ripe with possibilities—ideal for those looking to create their vision in a desirable location.

Investment Analysis

(YO13 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£287/sq ft
Area Average
£275/sq ft

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£526,491
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Monthly Sales
8
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (YO13)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 9.7%
5 year growth: 30.3%
Investment Disclaimer: Analysis based on YO13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Pickering Road, West Ayton, YO13
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