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West Fen Road, Ely, CB6

East of England

£300,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1785 sqft

Description

This freehold property presents a unique opportunity for renovation and investment, set in a quiet yet accessible location near the center of Ely. With three bedrooms spread across two floors, the structure opens up possibilities for modern living, tailored to today’s needs while still benefiting from its charming surroundings. The existing layout includes a welcoming entrance hall leading to various living spaces designed for flexibility and comfort. The ground floor features a dedicated study, perfect for working from home, along with an open-plan kitchen/dining area that flows into a spacious living room with direct access to the garden. Upstairs, you will find a master bedroom complete with an en-suite shower room and dressing area, accompanied by two additional bedrooms—one also featuring its own en-suite—and a family bathroom. The plot itself spans approximately 0.13 acres (subject to survey), offering ample space for landscaping or private driveway development. Given the work already initiated by the current owner—including installed foul drainage—this property is well-positioned for continued progress towards completion. Situated on West Fen Road, this home is conveniently located only moments from Ely’s city center, providing both tranquility and ease of access to essential amenities including schools, shops, and transport links. With Ely’s railway station nearby offering direct connections to Cambridge and London, this location appeals not only to families but also to commuters seeking investment potential in a sought-after area. Ely itself is rich in history and culture, showcasing landmarks like the stunning Ely Cathedral and boasting vibrant community events throughout the year. The city offers a range of educational facilities rated highly by Ofsted and recreational opportunities such as parks, leisure centres, and riverside walks. Overall, this property not only serves as a potential family home but also represents a strategic investment opportunity in a highly desirable part of Ely. With thoughtful planning and execution of renovations, it can become an attractive residence in one of Cambridgeshire's most charming locales.

Investment Analysis

(CB6 area)

Below Market Value

This property is priced -46.9% below area average per sq ft

-46.9%
Potential saving
This Property
£168/sq ft
Area Average
£317/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£621,840
10% above area average per sq ft
Potential ROI
+13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CB6)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 5.2%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on CB6 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

West Fen Road, Ely, CB6
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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
£1,099
Based on a loan of £225,000 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