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Main Street, Reedness, Nr Goole, DN14 8HG

Yorkshire

£320,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Situated on the outskirts of the charming village of Reedness, this property presents an excellent renovation opportunity for investors or homebuyers looking to create a personalized living space. The cottage, paired with a substantial barn/workshop, offers considerable potential for transformation and modernization while benefiting from picturesque views over the adjacent river. Currently, the cottage features a functional layout with three bedrooms and ample living areas including two reception rooms and a kitchen. Although some aspects of the property are in decent condition, it requires varying levels of refurbishment throughout to maximize its value. Nearby access to Goole, Scunthorpe, and major motorways further enhances its appeal for future development or resale. Additionally, the side garden area previously received outline planning permission for a detached dwelling, presenting further investment possibilities (note: this permission has lapsed). With creativity and effort, this property can be revitalized into a desirable residence in a sought-after rural setting.

Investment Analysis

(DN14 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£164
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DN14)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 6.9%
5 year growth: 13.1%
Investment Disclaimer: Analysis based on DN14 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, Reedness, Nr Goole, DN14 8HG
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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
£1,172
Based on a loan of £240,000 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