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Southlands, Mellis Road, Yaxley, IP23

East of England

£250,000

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
887 sqft

Description

This semi-detached house, available for the first time on the open market, presents a rare opportunity for restoration and expansion. Built in the 1920s or 1930s as Local Authority housing, it boasts a generous plot that could potentially allow for significant enlargement, subject to obtaining Planning Permission. Currently requiring modernization, this property has been cherished by its family owners since just before the 1966 World Cup, making it a home filled with history. Notable features include insulated walls with cavity insulation, an oil-fired radiator heating system that was recently tested in August 2024, and timber-framed double-glazed windows. The roof condition warrants attention as noted by the agents. Given its size—approximately 0.12 acres—and its elevated position away from the road, there is ample scope for development while retaining space for parking and a garage. Located conveniently between Yaxley and Mellis, this property also benefits from proximity to local amenities and an excellent primary school nearby. This property is offered with no onward chain and comes with a Grant of Probate.

Investment analysis

(IP23 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£282/sq ft
Area Average
£305/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£297,491
10% above area average per sq ft
Potential ROI
-0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (IP23)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -16.4%
5 year growth: -2.4%
Investment Disclaimer: Analysis based on IP23 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

Southlands, Mellis Road, Yaxley, IP23
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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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