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Land at Middle Farm, Bilton

Yorkshire

£500,000
Listed on 14/07/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy opportunity for development, having received planning permission for the construction of seven residential units, comprising four single-storey and three two-storey dwellings. The proposed access to the site will be from Main Road in Bilton, with the development set against a backdrop of open arable fields. The current structures on the property are primarily brick-built, featuring clay pantile roofs. Many have been maintained over the past decade, including roofing and pointing work that has ensured their wind and water resistance. Detailed architectural plans for the approved designs can be made available upon request from the agents, and all relevant technical documents supporting the planning application can also be accessed through the East Riding of Yorkshire Council's planning portal using reference number 21/01616/PLF. Situated in a sought-after location, this site lies at the northeastern edge of Hull—approximately 3.8 miles from the city center—within the linear village of Bilton. Its proximity to local amenities, including an Asda store just 100 meters away, adds to its appeal for potential residents. The layout of the property consists of a rectangular arrangement of outbuildings surrounding an original midden or stack yard that is part of Middle Farm. This unique feature provides both character and potential for creative redevelopment. Given its promising investment potential, this property is ideal for those looking to capitalize on residential demand in a developing area.

Investment Analysis

(HU11 area)
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (HU11)

Area prices are rising by +16.0% over the last 12 months
3 year growth: 5.0%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on HU11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Land at Middle Farm, Bilton
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE