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Mill Road, Cambridge, CB1

East of England

£700,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2475 sqft

Description

Situated in the sought-after Mill Road area, this three/four-bedroom Victorian terrace presents an excellent opportunity for those looking to invest in a property with significant renovation potential. Spread across three floors, the home is currently in need of comprehensive modernization but offers a flexible layout that can be tailored to various living arrangements. On the ground floor, you'll find two reception rooms, a fourth bedroom, and utility space, accompanied by large storage options and two distinct entrances—ideal for creating a self-contained unit or home office. The first floor features two additional bedrooms, a family bathroom, and a sizeable kitchen alongside two generous reception rooms that offer entertaining options or adaptation possibilities. Ascending to the top floor reveals the largest bedroom, which has great potential to be transformed into a luxurious master suite. The rear garden is enclosed with side access leading to a shared passageway towards the front, while on-street parking is readily available nearby. Although modernisation is necessary throughout the property, once rejuvenated, it could become an exceptional family home within this vibrant and well-connected part of Cambridge. Local amenities, shops, cafés, and transport links are all conveniently close by, making it an appealing choice for families and investors alike. Cambridge boasts an array of attractions along with some of the finest educational institutions in the country, further enhancing its appeal as a place to reside.

Investment Analysis

(CB1 area)

Below Market Value

This property is priced -49.8% below area average per sq ft

-49.8%
Potential saving
This Property
£283/sq ft
Area Average
£563/sq ft
Avg Rent (weekly)
£394
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£55,000 - £80,000
Target Value
£1,533,857
10% above area average per sq ft
Potential ROI
+96.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CB1)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 5.0%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on CB1 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

Mill Road, Cambridge, CB1
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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
£2,564
Based on a loan of £525,000 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