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7 & 8 North Fen, Morton

East of England

£235,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2106 sqft

Description

This property presents a compelling investment opportunity, featuring two semi-detached houses situated in a tranquil rural setting with expansive views across open fields. The overall plot spans approximately 0.27 acres, with the possibility to acquire additional land through separate negotiations. Both houses are of brick construction, exhibiting traditional features such as exposed beams and fireplaces, and are equipped with basic amenities including oil-fired central heating. While these properties offer functional living spaces, they require varying levels of refurbishment to elevate their appeal. Each house comprises two bedrooms and essential communal areas, making them suitable for renovation into attractive family homes or rental units. The outdoor space provides ample room for extension or enhancing the gardens, presenting further potential for value addition. Given that the properties fall under a shared drainage system and rely on a private borehole for water supply—which may necessitate establishing a new source within six months post-purchase—those aspects will need consideration during renovation planning. With no onward chain, interested parties can quickly capitalize on this unique prospect to create desirable residences in this picturesque locale.

Investment Analysis

(PE10 area)

Below Market Value

This property is priced -55.7% below area average per sq ft

-55.7%
Potential saving
This Property
£112/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£583,783
10% above area average per sq ft
Potential ROI
+79.6%
After renovation
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
12%
Properties sold annually

Local Market Trend (PE10)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 1.5%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on PE10 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

7 & 8 North Fen, Morton
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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
£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