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Development opportunity plus 3-bedroom bungalow in Melsonby

North East

£850,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1567 sqft

Description

Situated within a vibrant community, this property offers a blend of traditional living and promising investment potential. The village of Melsonby provides a welcoming atmosphere with local amenities including a primary school, well-rated pub, and scenic countryside walks. A short distance away, Richmond presents an array of independent shops, cafes, and historic sites like Richmond Castle and the Georgian Theatre Royal, enhancing the area's appeal. For those commuting, Darlington's mainline train station is easily accessible, providing direct links along the East Coast Line to major cities such as London and Edinburgh. Scotch Corner is also close by for convenient access to additional services and road links to the A1 and A66. The property is approached via a private driveway that grants it a sense of seclusion within its generous plot. Ample parking is available alongside a single garage. The stone-built bungalow showcases a classic layout with distinct rooms; the living room features a Calor gas fire and leads into an inviting conservatory that offers views of the garden throughout the seasons. The kitchen combines functionality with solid oak cabinetry and space for dining, complemented by an adjoining utility room for practicality. There's also an additional formal dining room ideal for entertaining family or guests. The home comprises three double bedrooms, including one with fitted wardrobes, while the family bathroom is spacious and includes both a bath and overhead shower. A notable aspect of this property is its large loft area divided into three sections; one part is already finished with flooring and decorations—ideal for further development pending necessary permissions. Outdoors, the well-maintained garden features lawned areas around an ornamental pond, bordered by a small stream that enhances the tranquil setting. The expansive plot offers considerable flexibility for those interested in gardening or outdoor projects. With approved planning permission for both a sizeable family residence and an additional bungalow, this site holds substantial development opportunities. Whether envisioning multi-generational living arrangements or pursuing new builds to either sell or retain as part of your portfolio, this property provides multiple avenues for investment. Further alterations to enhance the existing bungalow include proposed plans to transform the garage into an en suite bedroom space with dressing facilities; creating another garage adjacent to the bungalow could be another viable option.

Investment Analysis

(DL10 area)

Above Market Value

This property is priced +112.8% above area average per sq ft

+112.8%
This Property
£542/sq ft
Area Average
£255/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£439,285
10% above area average per sq ft
Potential ROI
-51.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DL10)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -3.3%
5 year growth: +13.0%
Investment Disclaimer: Analysis based on DL10 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

Development opportunity plus 3-bedroom bungalow in Melsonby
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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
£3,033
Based on a loan of £637,500 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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