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The Avenue, March

East of England

£235,000
Listed on 05/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy renovation and investment opportunity in the south side of March, conveniently located near local schools and the Town Centre. Previously operating as a cycle shop, the site includes an existing structure with substantial potential for redevelopment. The prior planning permission allowed for the construction of two two-storey dwellings and two flats, though it is important to note that this permission has now lapsed. The main building features a storage area measuring approximately 85' 7" by 18' 2", which is suitable for various uses. It includes windows on both the front and side, along with electrical connections and lighting already installed. Additionally, there is a workshop space with a sink and further utility provisions, making it adaptable for future needs. On the upper level, an office area measuring about 19' 7" by 14' 9" offers natural light from a rear window and access to loft storage, presenting options for expansion or conversion into residential units. Externally, the property boasts ample off-street parking capability for multiple vehicles at the rear, complemented by garage or storage options that enhance its usability. A container unit is also available on-site, adding further utility. Given its strategic location and flexibility in usage, this property represents significant investment potential in an area poised for growth. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations and potential redevelopment avenues before making an offer.

Investment Analysis

(PE15 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -2.9%
5 year growth: 9.2%
Investment Disclaimer: Analysis based on PE15 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

The Avenue, March
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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
£861
Based on a loan of £176,250 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