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Broadend Road, Wisbech, PE14 - Image 1
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Broadend Road, Wisbech, PE14

East Midlands

£700,000
Listed on 03/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3433 sqft

Description

Nestled within approximately 1.7 acres of scenic grounds, this character home presents a unique opportunity for renovation and investment. The property, known as Old Well House, beautifully merges historic charm with modern functionality, having undergone significant renovations while still allowing for personalization in certain areas. The main residence features five bedrooms, with several original elements such as exposed beams and traditional sash windows. A highlight is the spacious living room that opens through French doors to the garden, seamlessly connecting indoor and outdoor spaces. The newly remodeled kitchen/dining area, complete with a granite-topped island and vaulted ceilings enhanced by Velux windows, serves as an ideal setting for family gatherings or entertaining guests. Practical amenities including a walk-in pantry, utility room, and boot room further enhance daily living. While much of the home has been thoughtfully updated, there remains potential in some unrenovated rooms—an inviting prospect for buyers eager to infuse their personal touch and increase the property's value. Among the multiple reception areas are a cozy lounge featuring a wood burner and a snug/home office with its own external access, suitable for business use or as a quiet retreat. The self-contained annexe adds considerable versatility to the property. Complete with its own kitchen, lounge, dining area, conservatory, three bedrooms (including an en-suite), and shower room, this space is well-suited for extended family living or could serve as guest accommodation or even a holiday rental. Beyond the house itself lies extensive outdoor space that distinguishes this offering. Gated access leads to lush paddocks and a stable block with three stables—ideal for equestrian enthusiasts or those seeking additional income opportunities through livestock management. The large yard provides ample storage for vehicles or caravans alongside various powered storage facilities. Further adding to its appeal is the potential development scope of certain areas within the grounds—subject to necessary permissions—which could enhance long-term investment value. Additionally, solar panels coupled with battery storage have been installed to improve energy efficiency. In summary, Old Well House represents an exceptional chance to acquire a property rich in character while still offering ample opportunity for customization and expansion. With thoughtful renovations already completed and numerous avenues for personal input available, this home is well-positioned in a beautiful setting where lifestyle meets investment potential.

Investment Analysis

(PE14 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£204/sq ft
Area Average
£243/sq ft

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Target Value
£919,151
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Monthly Sales
14
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE14)

Area prices are rising by +8.0% over the last 12 months
3 year growth: -2.6%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on PE14 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

Broadend Road, Wisbech, PE14
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