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Main Street, Watton, YO25 9AW

Yorkshire

£275,000
Listed on 22/05/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached property in the quaint village of Watton offers a unique opportunity for renovation and investment. With a neutral color palette throughout, it serves as a blank canvas for buyers looking to customize their living space. The property previously had planning consent for a first-floor extension and garage, highlighting its potential for expansion and increased value. The layout includes an entrance porch leading into a welcoming hallway, which connects to the lounge, dining room, kitchen, and a downstairs bathroom. The well-proportioned lounge features an open fireplace, while the dining room boasts charming exposed beams and French doors that open onto the rear garden. The kitchen retains classic cottage characteristics with solid wood cabinetry and ample space for appliances. Upstairs, the first floor comprises three bedrooms that offer flexibility for family living or additional guest accommodations. Each room is spacious enough to accommodate various layouts, making this home ideal for personal touches or future enhancements. The outdoor space features a south-facing garden that is predominantly lawned with a patio area, creating an inviting environment for relaxation or gatherings. There is also off-street parking available for two vehicles. Located conveniently just off the A164, Watton provides easy access to nearby amenities in Hutton Cranswick and is approximately 5.5 miles from Driffield. With local schools, shopping options, and recreational clubs within reach, this property represents not only a cozy home but also a solid investment opportunity in a desirable area where properties do not stay on the market long. Overall, this property’s valuable features combined with its potential for renovation make it an attractive option for both families and investors looking to capitalize on future growth in this charming village setting.

Investment Analysis

(YO25 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£176
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO25)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 1.0%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on YO25 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 Street, Watton, YO25 9AW
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 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