Gibson Lane South, Melton, North Ferriby, HU14 3FP
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Gibson Lane South, Melton, North Ferriby, HU14 3FP

By Fine & Country

£ 500,000

Reviews

3 out of 5 stars

Fine & Country says ..

ONE OF THE MOST EXCITING REFURBISHMENT OPPORTUNITIES TO COME TO THE MARKET IN RECENT YEARS

Property Oracle says ..

This property presents a unique opportunity: a substantial six-bedroom house situated in the desirable Melton area of North Ferriby. The location offers a good balance of tranquility and accessibility, with excellent schools nearby and reasonable access to railway services. However, potential buyers should be fully aware that the property requires extensive interior modernisation. The interior photos reveal dated fittings, decor, and furnishings throughout. Wallpaper, carpets, and the kitchen and bathrooms appear to be in need of complete replacement. This is a significant undertaking and will add considerably to the overall cost of ownership. While the extensive grounds and gardens are a considerable asset, increasing the value, potential buyers need to factor in the considerable costs of renovation. The lack of plot size information in the listing is also a drawback, preventing a precise assessment of the land area. The current asking price must be viewed in light of these renovation needs, and a thorough survey is absolutely essential before making any commitment. Overall, the property holds potential for a significant return on investment if the refurbishment is undertaken effectively, but it is certainly a considerable project. Interested buyers should approach this purchase with realistic expectations of the time, effort, and financial resources required.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
8
Bedrooms
6
Bathrooms
3
Sqft (est)
4,154.87

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
430,994.00 £
Increased by 23.89 %
from 347,874.00 £
Est sale value
1,408,500.93 £
Increased by 30.38 %
from 1,080,266.20 £
Average area rental value
1,117.00 £/mo
Decreased by 9.77 %
from 1,238.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.11 %
Decreased by 27.17 %
from 4.27 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Fine & Country created the listing.

Nearby Schools

NameTypeOfstedDistance
South Hunsley School And Sixth Form CollegeAcademy ConverterOutstanding1.11 KM
St Anne'S School And Sixth Form CollegeCommunity Special SchoolOutstanding1.80 KM
North Ferriby Church Of England Voluntary Controlled Primary SchoolVoluntary Controlled SchoolGood2.82 KM
Welton Primary SchoolCommunity SchoolGood2.92 KM
Hunsley PrimaryFree SchoolsGood4.24 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Beech Drive £ 335,00000.00 KM
Saint James Road £ 000.00 KM
Monks Way East £ 000.00 KM
Temple Lane £ 650,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Ferriby8061FRY2.39 KM
Brough8051BUH5.61 KM
Hessle8067HES9.57 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gibson Lane South, Melton, North Ferriby, HU14 3FP £ 500,000BUY6 / 100.00 KM
Sonetsa, Beech Drive, Melton, East Riding of Yorkshire, HU14 3HQ £ 300,000BUY6 / 100.28 KM
Beech Drive, Melton £ 400,000BUYUnknown0.28 KM
Beech Drive, Melton £ 525,000BUY7 / 100.30 KM
St. James Road, Melton £ 415,000BUY7 / 100.32 KM

Nearby Properties

AddressPriceDistance
2 Main Road £ 130,0000.12 KM
4 Main Road £ 175,0000.14 KM
3 Main Road £ 222,0000.14 KM
2 Beech Drive £ 230,0000.25 KM
3 Beech Drive £ 159,0000.31 KM