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Pepys Close, Girton

East of England

£260,000
Listed on 30/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a spacious freehold building plot that comes with full planning permission for the construction of a 4-bedroom detached house, offering significant renovation and investment potential. Located at the end of a quiet, private road, the area features similar-style homes within a recently developed neighborhood, providing an appealing environment for future residents. The approved plans allow for a three-storey family home that will encompass approximately 1,750 square feet. The current permissions are detailed under reference 22/03382/FUL and can accommodate various modern living needs. Prospective buyers should conduct thorough investigations regarding local regulations and planning conditions prior to making any offers. Key features of the plot include access to mains services at the site entrance; however, it will be the buyer's responsibility to manage any necessary rerouting or connection costs. While there is an obligation to construct according to the approved scheme, there is flexibility for non-material amendments and internal layout adjustments with proper consent. Additionally, buyers should note that temporary accommodation on-site is not permitted, and suitable fencing must be erected within two weeks following completion of the sale. The plot includes designated access rights for utilities from adjacent land, ensuring practical service provision for the future residence. A new driveway will also need to be constructed as per the specifications set forth by planning authorities. Overall, this property presents a solid opportunity for those looking to invest in a sizeable plot with clear development prospects in an emerging residential area.

Investment Analysis

(CB3 area)
Area Average
£591/sq ft
Avg Rent (weekly)
£436
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CB3)

Area prices are falling by +13.4% over the last 12 months
3 year growth: -10.0%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on CB3 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

Pepys Close, Girton
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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
£952
Based on a loan of £195,000 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