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Centre Drive, Newmarket - Image 1
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Centre Drive, Newmarket

East of England

£340,000
Listed on 29/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

This two-bedroom detached bungalow is situated on the outskirts of Newmarket, offering a solid foundation for those seeking a property with renovation and investment potential. Featuring gas central heating and UPVC double glazing, the home provides a comfortable living environment, while the front and back gardens enhance outdoor space. Internally, the bungalow is in fair condition but presents an excellent opportunity for further enhancement or expansion. With planning permission previously granted (East Cambs DC ref: 21/00806/FUL), there is ample scope to reimagine the layout or increase the size to better suit modern living requirements. The sizable plot not only offers room for extensions but also invites creative landscaping ideas to maximize its appeal. This property is ideal for investors looking to add value through thoughtful renovations or expansions. Viewings are available strictly by appointment, allowing prospective buyers to explore the possibilities this bungalow has to offer in a sought-after location.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£400/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£281
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£308,924
10% above area average per sq ft
Potential ROI
-16.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -1.7%
5 year growth: 12.4%
Investment Disclaimer: Analysis based on CB8 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

Centre Drive, Newmarket
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,246
Based on a loan of £255,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE