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Main Street & Water Tower Enclosure, Wheldrake, York

Yorkshire

£450,000
Listed on 13/02/2025

Property Details

Bedrooms
N/A
Type
Detached Bungalow
Area
763 sqft

Description

This property represents a distinctive investment opportunity, featuring a former doctor’s surgery alongside an impressive four-storey water tower, both situated on an extensive plot in the desirable village of Wheldrake. The village is well-regarded for its local amenities, schools, and excellent transport connections to York and surrounding areas. Additionally, it benefits from being within the catchment area of the highly-rated Fulford Secondary School. The site encompasses two combined plots: the water tower and the detached surgery, with access available via 54A Main Street, which is also currently for sale separately. Importantly, there is considerable potential for residential conversion of these buildings, subject to obtaining the necessary planning permissions, making it a compelling prospect for developers or investors looking to capitalize on this unique setting. The property is currently vacant, and viewings must be arranged by appointment only.

Investment Analysis

(YO19 area)

Above Market Value

This property is priced +75.6% above area average per sq ft

+75.6%
This Property
£590/sq ft
Area Average
£336/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£281,921
10% above area average per sq ft
Potential ROI
-53.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (YO19)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +2.8%
5 year growth: +14.2%
Investment Disclaimer: Analysis based on YO19 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 & Water Tower Enclosure, Wheldrake, York
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 over 30 years at 3.97% 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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