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Mellis

East of England

£520,000
Listed on 23/05/2025

Property Details

Bedrooms
5
Type
Detached

Description

Discover a remarkable opportunity to reimagine an early Victorian mansion nestled in a desirable area. This property, boasting five bedrooms, presents a blank canvas for renovation enthusiasts or investors eager to restore its former glory. Retaining many original features and an authentic layout, it offers significant potential for modernization and enhancement. The estate's generous grounds, once part of the local heritage known as Mellis Park where community events thrived, invite creative landscaping and outdoor revitalization. With the property having been held by the same family since 1969, it is now ready for someone with vision to undertake the necessary updates and infuse new life into this distinguished residence.

Investment Analysis

(IP23 area)
Area Average
£297/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -11.3%
5 year growth: +8.3%
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

Mellis
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,855
Based on a loan of £390,000 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.

Stamp Duty Calculator

Price History

-11.1% since listed
£520,000£65,000(-11.1%)
05/12/2025
Current price
£585,000Initial listing
23/05/2025

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