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De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN - Image 1
De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN - Image 2
De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN - Image 3
De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN - Image 4
De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN - Image 5

De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN

East Midlands

£165,000
Listed on 25/01/2024

Property Details

Bedrooms
5
Type
Semi-detached house
Area
948 sqft

Description

This spacious five-bedroom semi-detached property presents a compelling opportunity for investors looking to expand their rental portfolio. Located on the outskirts of town, the home is currently occupied by tenants who are paying £900 per month, providing an attractive yield for potential buyers. The layout includes two bedrooms and a lounge on the ground floor, complemented by a kitchen and a lean-to area. Upstairs, you’ll find three additional bedrooms along with a shower room. The property benefits from gas central heating throughout, ensuring comfort during colder months. A small rear garden adds to the outdoor space, while a garage offers additional storage or potential for conversion. What sets this property apart is its renovation potential. With ample space and the possibility to extend (subject to planning permission), there are numerous avenues to enhance both the living experience and value of the home. Additionally, the absence of a chain means that this property could be available for immediate occupancy or re-letting, making it an appealing choice for those looking to invest without delay. This flexible living space in a convenient location makes it worthy of consideration whether you’re seeking a steady rental income or looking for your next project.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£174/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£16,500 - £41,250
10-25% of property value
Target Value
£229,990
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE13)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -5.6%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on PE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

De Havilland Road, Wisbech, Cambridgeshire, PE13 3AN
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