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See how verdicts work2 × 3-bed unit · YO18 8QA
For saleListed 228 days
Opportunity summary
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About
Detached seven bedroom home and four letting cottages (16 total bedrooms) in Pickering for Sale.
Explore the charm of this stunning detached 1880s home, Mel House, offering seven generously sized bedrooms and original period features along with four pristine holiday cottages, each with residential planning permission, as well as a leisure suite featuring a pool, hot tub and sauna – all set within 2.1 acres of picturesque grounds.
Mel House is a magnificent, detached residence, accessed via a private driveway, the home retains its historic appeal while also benefiting from modern updates.
The main residence offers 4,635 sq ft of living space, featuring six spacious bedrooms, games room which includes full size snooker table and darts board - this room as the potential to easily convert into a seventh bedroom, (subject to any necessary consents) and swimming pool.
The interiors blend classic, vintage elements with contemporary finishes, creating a seamless, inviting atmosphere.
Residents can indulge in a luxurious leisure suite, complete with a pool, hot tub, and sauna – a perfect spot to unwind and relax.
The property also includes four beautifully finished holiday cottages, and a fifth is currently under construction, with full residential planning permission granted.
Additionally, outline planning permission exists for the development of log cabins at the rear of the property. Mel House presents a unique opportunity for both residential and commercial investment.
The holiday cottages, which are newly approved for residential use, provide flexibility for buyers to purchase on either a commercial or residential basis.
Each cottage is finished to an exceptional standard, ensuring a high level of comfort and luxury for guests.
The cottages include two 2-bedroom and two 3-bedroom units, one of which is fully accessible for disabled guests.
A fifth cottage is under construction and will also offer residential use once complete.
The expansive 2.1 acre grounds feature stables, outdoor games area including pool table and table tennis area (could be used as an area to add another cottage, subject to any necessary consents), a private garden with a large pond, cleaning shed, laundry room and gym, and ample parking.
With outlined planning permission for the construction of log cabins, there is significant potential for development, creating opportunities for additional revenue streams.
Rhi payments from the solar panels and bio mass boiler generate around £15,000 per annum. Mel House offers the perfect balance of historic character and modern convenience.
The recent planning permissions for the holiday cottages further enhance its appeal, providing an exceptional investment opportunity.
The leisure suite allows for ultimate relaxation, with a pool, hot tub, and sauna all within the comfort of home.
The substantial plot presents a variety of possibilities, from creating a serene garden retreat with a wildlife pond to pursuing equestrian activities in the existing stables.
In conclusion, Mel House is not just a home; it’s a lifestyle.
With its blend of historic charm, modern amenities, and remarkable investment potential, this property offers a rare chance to own a piece of history while securing a promising future.
The current owners are motivated and there is no onward chain. EPC Band A.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Rawcliffe Road Pickering, North Yorkshire
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