Worst House on the Street Logo
Cage Lane, Stretham, Ely - Image 1
Cage Lane, Stretham, Ely - Image 2
Cage Lane, Stretham, Ely - Image 3
Cage Lane, Stretham, Ely - Image 4
Cage Lane, Stretham, Ely - Image 5
Cage Lane, Stretham, Ely - Image 6
Cage Lane, Stretham, Ely - Image 7
Cage Lane, Stretham, Ely - Image 8
Cage Lane, Stretham, Ely - Image 9

Cage Lane, Stretham, Ely

East of England

£249,950
Listed on 07/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
762 sqft

Description

This detached cottage presents a compelling opportunity for renovation enthusiasts and investors looking to develop a property in a tranquil lane. Nestled on a generous plot, the property has significant potential for extension or reconfiguration, pending planning approval. Upon entering, you are greeted by an entrance hall that leads to various living spaces. The lounge features a front-facing window and retains charming elements such as a tiled fireplace and exposed floorboards, creating a cozy atmosphere. Adjacent to this is the dining room, which also has a window overlooking the front garden and is equipped with a solid fuel fire, adding character to the space. The kitchen offers functionality with its side-facing window, sink unit with cupboards below, and a pantry for additional storage. This area flows into a conservatory constructed of brick and timber, providing access to the garden—ideal for future enhancements or outdoor living expansions. Upstairs, you'll find two well-proportioned bedrooms, both featuring front-facing windows that bring in natural light. They share access to the bathroom, which includes essential amenities such as a bath, low-level WC, and pedestal wash basin. Outside, the property boasts a driveway leading to a substantial timber outbuilding. The mature gardens that wrap around the home offer not only privacy but also present considerable scope for landscaping or further development. An oil tank and boiler are conveniently situated adjacent to the house. With no upward chain, this property is ready for new ownership. Its location provides easy access to local amenities while being set within a peaceful residential area—a combination that enhances its appeal as an investment project or personal residence with plenty of room for creative input.

Investment Analysis

(CB6 area)

Above Market Value

This property is priced +3.6% above area average per sq ft

+3.6%
This Property
£328/sq ft
Area Average
£317/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£265,458
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CB6)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 5.2%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on CB6 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

Cage Lane, Stretham, Ely
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,462 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE