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River Terrace, Wisbech

East of England

£115,000
Listed on 01/08/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terraced home, located in a peaceful cul-de-sac, presents a compelling opportunity for both first-time buyers and investors looking to enhance their property portfolio. The residence features three bedrooms and two reception areas, providing ample space for comfortable living or potential rental income. The property is in need of modernization, allowing new owners to infuse their personal touch and create a tailored living environment. Key features include PVCu double glazing and gas radiator central heating, ensuring the home remains warm and energy-efficient. The layout includes a lounge and dining room that can be reconfigured according to your needs, along with a compact kitchen and ground floor bathroom. Upstairs, you’ll find three well-sized bedrooms, each offering versatility for different uses, whether as bedrooms, office spaces, or guest accommodations. This property’s renovation potential is significant; with thoughtful updates, it could become an inviting family home or an attractive rental unit in a market with steady demand. Situated conveniently near local amenities and transport links, this location offers easy access to nearby shopping options and recreational activities. Additionally, the absence of any onward chain can facilitate a smoother transaction process. It’s essential to note that the property is currently unregistered at the Land Registry—a status relatively common across parts of England and Wales—which will require attention from your conveyancer during the purchase process. This home is not just a residence; it's an opportunity waiting for someone ready to unlock its full potential through renovation or investment strategies.

Investment Analysis

(PE13 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE13)

Area prices are rising by +5.4% over the last 12 months
3 year growth: -4.5%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on PE13 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

River Terrace, Wisbech
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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
£421
Based on a loan of £86,250 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