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Octagon Drive, Wisbech

East of England

£260,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1303 sqft

Description

This detached Allison-style home presents a unique opportunity for renovation and investment in a desirable neighborhood. Its spacious layout consists of three bedrooms, ideal for families or individuals looking to customize their living space. The expansive 27-foot lounge and dining area serves as the central hub of the home, making it suitable for both entertaining guests and relaxation. A cozy snug area leads directly to the rear garden, providing a seamless transition between indoor and outdoor spaces. The kitchen, paired with a convenient utility room, offers potential for modern upgrades or reconfiguration to optimize flow and functionality. Additionally, a stylish shower room on the ground floor adds practical value. Upstairs, the three generously sized bedrooms are well-suited for various configurations or enhancements, complemented by another shower room that can be updated to meet contemporary standards. The property includes off-road parking and access to an attached garage, increasing its appeal for potential buyers or renters. Outside, the rear garden features a blend of lawn and patio space—perfect for outdoor gatherings or play areas—while the front yard ensures ease of access. With no onward chain and ample scope for improvement, this property invites creative vision and is poised to become a dream home in an attractive location. Given its renovation potential and family-friendly layout in a sought-after area, this property represents not just a place to live but also an excellent investment opportunity. Viewing is highly recommended to fully appreciate what this home has to offer.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£200/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£316,903
10% above area average per sq ft
Potential ROI
+5.6%
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
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

Octagon Drive, 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
£952
Based on a loan of £195,000 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