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Main Road, Skirlaugh, Hull

Yorkshire

£485,000
Listed on 18/03/2024

Property Details

Bedrooms
4
Type
Detached Bungalow
Area
1797 sqft

Description

This four-bedroom detached dormer bungalow is poised on approximately 1.4 acres in the desirable village of Skirlaugh, presenting a significant opportunity for renovation or potential redevelopment. The generous plot provides ample space for various uses, whether that involves converting the existing structure into a modern home or exploring residential development options. Currently, the property includes a double garage, a workshop, and a large greenhouse, enhancing its practical appeal for those interested in horticultural pursuits or other business ventures. Internally, the property features spacious living accommodations including multiple bedrooms and bathrooms, alongside generous communal areas such as a living room with patio doors and a sizeable dining kitchen. While the interior shows signs of age and would benefit from updates to reflect current aesthetics and functionality trends, this allows prospective buyers to tailor renovations according to their personal style. The grounds feature mature landscaping and are bordered by Burstwick drain to the west, providing an attractive backdrop for any enhancements or extensions. Notably, a recent pre-application for developing additional dwellings has been submitted to local authorities, suggesting positive future prospects for this property’s value. This unique investment could potentially yield substantial returns given its location and development potential in the evolving housing market of Yorkshire.

Investment Analysis

(HU11 area)

Above Market Value

This property is priced +27.6% above area average per sq ft

+27.6%
This Property
£270/sq ft
Area Average
£211/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£417,973
10% above area average per sq ft
Potential ROI
-27.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HU11)

Area prices are rising by +10.6% over the last 12 months
3 year growth: +10.2%
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

Main Road, Skirlaugh, Hull
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,718
Based on a loan of £363,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-35.3% since listed
£485,000£265,000(-35.3%)
22/04/2026
Current price
£750,000Initial listing
20/03/2024

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