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Water Lane, Radwinter CB10

East of England

£270,000
Listed on 06/10/2024

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This Grade II Listed cottage offers a unique opportunity for those looking to invest in a property with significant renovation potential. Nestled in a charming village, the home features two bedrooms and presents a canvas for creative upgrades. Upon entering, you are greeted by an entrance hall that leads to various living spaces and includes practical storage options. The sitting room boasts a window overlooking the rear garden, complemented by an open fireplace that adds character to the space. This flows seamlessly into the dining room, which also features an open fireplace and views of the rear aspect. The kitchen is equipped with essential base units and offers space for appliances, making it functional yet ripe for modernization. A part-glazed door connects to the side of the property, leading to additional outdoor space. On the first floor, you'll find two bedrooms; the master bedroom has a window facing the side, while the second bedroom includes a walk-in wardrobe—an appealing feature for those considering reconfiguration or expansion. Outside, the gravel driveway provides ample off-street parking and leads to a detached garage/outbuilding that presents further possibilities for use as a workshop or studio. The west-facing garden is primarily laid to lawn and features mature flower beds, adjoining the village recreation ground—a valuable asset for families or individuals who enjoy outdoor activities. With no upward chain involved in this sale, this cottage stands as an attractive prospect for those willing to bring their vision to life in an idyllic setting. Additionally, being situated within a conservation area enhances its appeal while providing potential tax benefits upon renovation.

Investment Analysis

(CB10 area)

Below Market Value

This property is priced -4.5% below area average per sq ft

-4.5%
Potential saving
This Property
£398/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£327
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£27,000 - £67,500
10-25% of property value
Target Value
£310,887
10% above area average per sq ft
Potential ROI
-7.9%
After renovation
Monthly Sales
13
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (CB10)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -3.6%
5 year growth: 7.9%
Investment Disclaimer: Analysis based on CB10 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

Water Lane, Radwinter CB10
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