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Long Lane, Driffield YO25

Yorkshire

£675,000
Listed on 15/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a prime opportunity to acquire a well-defined plot of approximately 1 acre, previously occupied by Northfield Manor Nursing Home, which has been cleared and is now ready for redevelopment. Full planning permission has been granted as of October 5, 2023, for the construction of 9 dwellings (application no. 23/00418/plf). With essential utilities including mains drainage, water, gas, and electricity already available on site, this property presents significant potential for developers looking to capitalize on the growing demand for housing in the area. Located in Driffield, known as the 'Capital of the Wolds,' this market town boasts a variety of amenities and excellent transport links via rail and bus services. This site is ideally situated to attract families and individuals seeking modern living in a vibrant community.

Investment Analysis

(YO25 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£176
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO25)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 1.0%
5 year growth: 17.4%
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

Long Lane, Driffield YO25
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,473
Based on a loan of £506,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE