Worst House on the Street Logo
Barway Road, Barway, Ely, Cambridgeshire, CB7 - Image 1
Barway Road, Barway, Ely, Cambridgeshire, CB7 - Image 2
Barway Road, Barway, Ely, Cambridgeshire, CB7 - Image 3
Barway Road, Barway, Ely, Cambridgeshire, CB7 - Image 4
Barway Road, Barway, Ely, Cambridgeshire, CB7 - Image 5

Barway Road, Barway, Ely, Cambridgeshire, CB7

East of England

£500,000
Listed on 21/08/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
659 sqft

Description

This property presents an intriguing opportunity for renovation and investment, situated on a generous one-acre plot with approved planning consent for a substantial new dwelling. The existing structure is modest but offers ample scope for expansion or transformation, allowing you to create a home that meets modern standards and personal tastes. Located in the evolving village of Barway, just a few miles south of Ely, this site benefits from its proximity to a recently developed street of high-value properties. This area is gaining attention, making it an ideal location for those looking to invest in real estate with potential for appreciation. The current residence includes four bedrooms, two of which feature en-suite bathrooms, along with essential living spaces such as a kitchen breakfast room, dining room, study, and sitting room equipped with bifold doors that provide picturesque views of the rear garden overlooking the lake. A detached double garage and ample off-street parking enhance the overall functionality of the property. With half of the one-acre plot covered by planning consent and the other half consisting of mixed woodland, there is substantial outdoor space to explore. The property also has impressive lake frontage with opportunities for leisure activities such as fishing; an additional five acres—including the well-stocked lake—can be negotiated separately. Planning conditions have been established, including archaeological assessments that have been fulfilled; however, compliance regarding contamination, biodiversity measures, and tree protection will be necessary. While electricity supply is present on site, mains water and sewer connections are readily accessible nearby on Barway Road. Potential buyers should conduct their own inquiries regarding any applicable local development charges. With Ely city center roughly five miles away—offering robust transport links including direct train services to Cambridge and London—this location combines rural charm with convenient access to urban amenities. Barway itself is positioned at the end of a no-through road, ensuring privacy while maintaining connectivity to nearby towns such as Soham and Newmarket.

Investment Analysis

(CB7 area)

Above Market Value

This property is priced +136.6% above area average per sq ft

+136.6%
This Property
£759/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£232,475
10% above area average per sq ft
Potential ROI
-62.8%
After renovation
Monthly Sales
20
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (CB7)

Area prices are falling by +10.2% over the last 12 months
3 year growth: -7.8%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on CB7 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

Barway Road, Barway, Ely, Cambridgeshire, CB7
Map showing location of Barway Road, Barway, Ely, Cambridgeshire, CB7
Open Map