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Clarkson Avenue, Wisbech, PE13 - Image 1
Clarkson Avenue, Wisbech, PE13 - Image 2
Clarkson Avenue, Wisbech, PE13 - Image 3
Clarkson Avenue, Wisbech, PE13 - Image 4
Clarkson Avenue, Wisbech, PE13 - Image 5

Clarkson Avenue, Wisbech, PE13

East of England

£375,000
Listed on 23/05/2024

Property Details

Bedrooms
7
Type
Semi-detached house
Area
2098 sqft

Description

This impressive three-story semi-detached Victorian property offers a wealth of renovation possibilities. Currently configured as three separate flats, it retains many of its original design elements, including soaring ceilings, decorative cornices, and intricate window paneling. The property is constructed with robust brick walls and topped with a slate roof, though it would benefit from modernization to enhance its full potential. Originally a spacious seven-bedroom family home, this residence has prior approval for conversion back to a single dwelling, which expired on April 22, 2024. This presents an opportunity for savvy investors or homeowners seeking to restore the property to its former glory. With previous building control approval also secured in 2021, the groundwork is laid for an ambitious renovation project. The exterior features a generous plot of land that includes parking and a garage, providing further convenience and opportunities for outdoor improvements or landscaping. Situated in Wisbech, a historic market town known for its charming Georgian architecture and rich heritage, this location offers both tranquility and accessibility. Approximately 21 miles east of Peterborough, Wisbech provides direct rail access to London King's Cross, making it appealing for commuters. The town boasts a variety of amenities including shops, recreational facilities, and educational institutions such as the esteemed Wisbech Grammar School and Thomas Clarkson Academy. This property not only presents significant renovation potential but also places you in a thriving community steeped in history—a worthwhile investment for those looking to make their mark in real estate.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£179/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£503,100
10% above area average per sq ft
Potential ROI
+1.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PE13)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.6%
Investment Disclaimer: Analysis based on PE13 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

Clarkson Avenue, Wisbech, PE13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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