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Yaxley Road, Mellis, IP23

East of England

£725,000
Listed on 06/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2847 sqft

Description

Nestled away from the main road, this expansive five-bedroom residence spans just under a third of an acre and is accessed via a long driveway with electric gates. Offering a unique opportunity for savvy investors or homeowners, this property has significant potential for modernization and enhancement. Originally built as a family home, it has undergone extensions to provide over 2800 square feet of living space that can be transformed into a contemporary statement home suitable for today's lifestyle needs. The ground floor features two generous reception rooms, a kitchen/breakfast room, and an office, all surrounding an inviting central entrance hall. The spacious master bedroom boasts an en suite bathroom with shower facilities and access to a private balcony showcasing scenic views towards Thornham. There are four additional double bedrooms, with one equipped with its own en suite shower room. Practical amenities include a double garage, utility room, and ample parking space along the L-shaped driveway, ideal for accommodating multiple vehicles while maintaining an attractive approach to the home. Set in Mellis—a community known for its extensive common land—this property offers peaceful rural living while still being conveniently located near major roads providing easy access to Eye and Diss. The village has vibrant local life with essential services and recreational activities available nearby. With selective renovations throughout, this property could not only enhance your quality of life but also serve as a wise investment in the renowned East of England region.

Investment Analysis

(IP23 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£255/sq ft
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£932,620
10% above area average per sq ft
Potential ROI
+14.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +11.1% over the last 12 months
3 year growth: -6.3%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on IP23 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

Yaxley Road, Mellis, IP23
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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
£2,656
Based on a loan of £543,750 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