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Mill Lane, Beverley

Yorkshire

£130,000
Listed on 28/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
743 sqft

Description

This detached two-bedroom house on Mill Lane represents a significant opportunity for renovation and investment. With its classic architecture, the property invites creative transformation, making it ideal for those looking to personalize their living space or capitalize on potential rental returns. The ground floor offers a spacious layout with two generous reception rooms that can be redesigned to create an open-concept living area. The kitchen, which opens directly to the rear yard, provides the chance for a modern update while allowing for outdoor enhancements like parking or a landscaped garden. The upstairs layout features two well-sized double bedrooms and a bathroom, all of which lend themselves well to modernization and reconfiguration. Located just 15 minutes from Beverley town center, this property not only offers access to local amenities—including supermarkets and charming shops—but also sits in an area with strong demand for refurbished homes. This factor significantly enhances its investment appeal, as prospective buyers often seek updated properties in this desirable neighborhood. The exterior includes a flagged yard accessible via wooden double gates and presents additional space for development depending upon planning regulations. Whether aiming to create a family home or seeking a promising investment opportunity, this property stands out as a canvas for those ready to embark on a rewarding renovation project. In summary, this property holds great potential for enhancement and value addition in an attractive location. The combination of its characterful charm and prime position makes it an appealing prospect for both homeowners and investors alike.

Investment Analysis

(HU17 area)

Below Market Value

This property is priced -33.7% below area average per sq ft

-33.7%
Potential saving
This Property
£175/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£208
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£215,685
10% above area average per sq ft
Potential ROI
+34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (HU17)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -0.2%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on HU17 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.

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Location

Mill Lane, Beverley
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