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New Road, St. Ives, Cambridgeshire, PE27

East of England

£450,000
Listed on 02/01/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This property represents a promising renovation and investment opportunity in the heart of a vibrant market town known for its rich history. Currently configured with six bedrooms, the home offers ample space that can be transformed to meet various needs, whether through conversion into multiple apartments or a complete reimagining as a single residential dwelling. Located within walking distance of local shops and amenities, this property is ideally situated to take advantage of the bustling town center. Additionally, it benefits from proximity to the Guided Busway, facilitating quick and convenient transportation to Cambridge, making it attractive for potential renters or future buyers looking for easy commuting options. The existing structure provides a solid foundation for extensive renovations and personalization. With planning permission already explored by the current owner, the possibilities for development are both diverse and exciting. This property is offered without forward chain, streamlining the acquisition process for prospective investors. Overall, this site not only offers the potential for significant financial returns but also allows an investor to enhance their portfolio in an area poised for growth. The local council has yet to finalize certain details related to planning permissions, presenting a unique chance for creative minds to shape the future of this property.

Investment Analysis

(PE27 area)
Area Average
£341/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PE27)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.4%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on PE27 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

New Road, St. Ives, Cambridgeshire, PE27
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 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