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Brier Lane, Newland, Selby - Image 1
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Brier Lane, Newland, Selby

Yorkshire

£225,000
Listed on 01/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a rare chance to invest in a residential building plot located in a quaint rural village, known for its tight-knit community of under 300 residents. Surrounded by picturesque countryside, this site offers an appealing blend of tranquil village life and convenient access to nearby urban amenities, with Selby just a short 15-minute drive away. The plot comes with approved planning permission for an architecturally designed family home, spanning approximately 4,000 sq.ft. The design aims to create a modern residence that harmonizes aesthetics with functionality, presenting significant potential for development. The proposed layout features traditional two-story living, centered around a spacious open-plan area ideal for everyday living and entertaining. Additionally, there is provision for a formal sitting room and a dedicated games room, enhancing the home's appeal as both a family haven and an entertainment space. The upper floor incorporates five generously sized double bedrooms, each complete with its own en-suite bathroom. This thoughtful design emphasizes comfort and privacy—important aspects for any family or host. Investors should note that while mains water and electricity connections will need to be established from the roadside by future owners, the plans include sustainable features such as an air source heat pump for heating efficiency. The project will also require installation of a private sewerage treatment plant in accordance with design specifications. Prospective buyers are reminded that the Community Infrastructure Levy (CIL) is applicable at £21,597.42; however, exemptions may be available for self-build projects under certain conditions. To qualify for CIL exemption, the buyer must plan to occupy the home as their primary residence for at least three years after completion. With its prime location, unique architectural plans, and potential for bespoke development tailored to modern needs, this property offers an exciting opportunity for those looking to invest in their dream home or expand their portfolio in a desirable area. For further details on planning documents or other inquiries, please contact the selling agent directly.

Investment Analysis

(YO8 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (YO8)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 3.5%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on YO8 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

Brier Lane, Newland, Selby
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 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