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Centre Drive, Newmarket - Image 1
Centre Drive, Newmarket - Image 2
Centre Drive, Newmarket - Image 3
Centre Drive, Newmarket - Image 4
Centre Drive, Newmarket - Image 5

Centre Drive, Newmarket

East of England

£340,000
Listed on 27/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

This two-bedroom detached bungalow offers a unique opportunity for renovation and investment on the outskirts of Newmarket. With a detached garage and both front and back gardens, the property provides ample outdoor space. The home is equipped with gas central heating and UPVC double glazing, ensuring efficient climate control. While the bungalow is currently in good condition, there is considerable potential for enhancement. The property sits on a generous plot, presenting opportunities for expansion or modernization. Notably, planning permission has been granted (East Cambs DC ref: 21/00806/FUL) for further development, allowing for creative changes to meet personal preferences or increase value. Located in a desirable area with convenient access to local amenities, this property is positioned well for both residential living and investment potential. Whether you are looking to make it your own or seeking an attractive investment project, this bungalow offers a solid foundation to build upon. Viewings are available strictly by appointment, providing interested buyers an opportunity to explore this property’s full potential.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +22.2% above area average per sq ft

+22.2%
This Property
£400/sq ft
Area Average
£327/sq ft
Avg Rent (weekly)
£294
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£34,000 - £85,000
10-25% of property value
Target Value
£305,979
10% above area average per sq ft
Potential ROI
-28.0%
After renovation
Monthly Sales
29
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.1%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on CB8 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

Centre Drive, Newmarket
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