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Main Street, Wetwang, Driffield

Yorkshire

£600,000

Listed on 02/10/2025

Property Details

Bedrooms
5
Type
Residential Development
Area
2852 sqft

Description

This five-bedroom detached family home, situated on a generous plot of approximately 0.49 acres, presents a significant opportunity for renovation and development. The property features several outbuildings, including single storey, double storey, and one-and-a-half storey structures that have already seen major improvements such as new roofs. This groundwork allows for a variety of potential uses, whether it be for additional living space or versatile workspaces, subject to local planning permissions. While the main house has benefitted from tasteful updates with a modern kitchen, redecorated interiors and contemporary bathrooms, there remains ample room for further enhancement to maximize its value. Inside, the layout is designed for flexible family living with multiple reception areas and an open-plan kitchen that flows into a light-filled garden room. The upper floors provide five well-proportioned bedrooms along with two shower rooms and an en-suite bathroom, making it ideal for larger families. Externally, the property boasts attractive grounds with established plantings and various outdoor structures, enhancing its charm while offering potential for improvement. This is an exceptional chance to acquire a spacious family residence with expansive grounds and remarkable scope for further development.

Investment Analysis

(YO25 area)

Below Market Value

This property is priced -11.0% below area average per sq ft

-11.0%
Potential saving
This Property
£210/sq ft
Area Average
£236/sq ft
Avg Rent (weekly)
£180
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£741,320
10% above area average per sq ft
Potential ROI
+7.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO25)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -0.2%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on YO25 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, Wetwang, Driffield
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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
£2,141
Based on a loan of £450,000 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.

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