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Mill Lane, Elloughton

Yorkshire

£550,000
Listed on 08/04/2026

Property Details

Bedrooms
4
Type
Detached Bungalow

Description

This individual detached bungalow, set on an expansive one-third acre plot along a prestigious private lane, presents a notable opportunity for renovation or redevelopment (subject to planning). The property features four bedrooms and three reception areas, including a large conservatory that invites an abundance of natural light. While the accommodation is currently functional, it offers ample scope for a bespoke remodelling project to significantly enhance its value. The existing layout includes two bedrooms on the ground floor and additional loft space that could be reconfigured into further living quarters or entertaining areas. Externally, the mature wraparound gardens not only provide ample outdoor space but also allow for potential landscaping enhancements or extensions, given their sunny disposition throughout the day. The private driveway leads to a spacious garage and a covered deck area, making it ideal for future outdoor living spaces. Located in Elloughton—an attractive and sought-after village close to Hull—the surroundings boast strong community ties, access to reputable schools, and excellent transport links. This property stands as a rare investment opportunity within a high-demand area, perfect for those looking to create a custom home or capitalize on its development potential.

Investment Analysis

(HU15 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£207
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HU15)

Area prices are falling by -6.3% over the last 12 months
3 year growth: +0.4%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on HU15 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

Mill Lane, Elloughton
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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

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