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Church Street, Ashley, Newmarket, Suffolk, CB8

East of England

£1,100,000
Listed on 10/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3004 sqft

Description

Nestled in the charming village of Ashley, this Grade II Listed cottage, Waverley House, offers a unique opportunity for renovation and investment. With origins dating back to the 1700s, this substantial family home features over 3,000 square feet of living space spread across two floors beneath a distinctive thatched roof. The property is set back from the road, framed by a walled front garden that enhances its curb appeal. Upon entering through the porch, you are welcomed into a spacious layout that provides various options for modern family living. To the left lies a cozy family room centered around an inglenook fireplace with an inset burner. This room flows into a generous kitchen/breakfast area equipped with country-style cabinetry and ample room for appliances such as a double range oven or an Aga. The adjoining utility room adds practicality with extra storage and laundry facilities. On the right side of the entrance porch are three additional reception rooms: a sitting room with another inglenook fireplace, along with a formal dining area and versatile study that could easily adapt to different uses. The first floor boasts five well-sized double bedrooms, providing flexibility for families or potential rental opportunities. The principal suite and bedroom two include en-suite bathrooms while a shared family bathroom caters to additional guests. Outside, the property features an enclosed rear garden primarily laid to lawn and includes an outdoor swimming pool that requires refurbishment, along with a pool house—ideal for those looking to enhance their outdoor living space. A sizeable paved terrace at the front serves as a functional entertaining area, while the private gravel driveway leads to a detached double garage complete with guest accommodation above. This space could serve as an office or potentially be converted into an independent annexe pending permission. Located in picturesque rolling countryside on the border of Cambridgeshire and Suffolk, Waverley House benefits from proximity to essential local amenities such as a public house, village shop, and community church. Newmarket is just a short drive away and offers further retail options alongside leisure activities including health clubs and golf courses. For broader amenities and cultural experiences, Bury St Edmunds and Cambridge are within reach. With excellent transport links via major roads and rail connections—providing direct access to London in under an hour—this property not only offers expansive accommodation but also significant renovation potential in a desirable location that appeals to both families and investors alike.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +10.8% above area average per sq ft

+10.8%
This Property
£366/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£281
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£1,091,774
10% above area average per sq ft
Potential ROI
-12.7%
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
18%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -1.7%
5 year growth: 12.4%
Investment Disclaimer: Analysis based on CB8 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

Church Street, Ashley, Newmarket, Suffolk, CB8
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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
£4,030
Based on a loan of £825,000 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