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Newmarket, Suffolk

East of England

£450,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1150 sqft

Description

This three-bedroom detached bungalow is situated on an expansive plot, offering significant renovation and expansion opportunities for those looking to invest. Nestled in a tranquil residential area, the property is conveniently located within walking distance of local shops and amenities, providing both comfort and accessibility. Upon entering, you'll find a spacious entrance hall equipped with a storage cupboard and access to the loft space. The kitchen is bright and functional, featuring a large front-facing window and a range of base and wall units. It includes essential appliances such as a built-in oven, ceramic hob, and plumbing for a washing machine. A side door offers direct access to the garden, enhancing its usability. The living room is generously proportioned with an open brick fireplace that adds character. Adjacent to this space is a conservatory filled with natural light, which could serve multiple purposes—be it an entertainment area or a quiet retreat—thanks to its dual aspect windows and French doors leading outside. The bungalow comprises three double bedrooms, each with their own unique features. The main bedroom benefits from fitted wardrobes and views of the rear garden, while the other two also offer ample space and natural light. The bathroom is functional but provides potential for modernization, featuring a panelled bath with shower facilities. Externally, the property boasts wraparound gardens that provide privacy and tranquility. The front features both lawned and gravel areas alongside a long driveway leading to a detached garage. The generous rear garden includes additional side space predominantly laid to lawn, framed by mature trees for added seclusion. This property not only provides comfortable living but also represents an excellent investment opportunity due to its size, location, and potential for further development (subject to planning permissions). With services such as gas central heating and modern connectivity options like high-speed broadband already in place, this bungalow stands ready for personal touches or extensive renovations that could enhance its value significantly over time.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +18.4% above area average per sq ft

+18.4%
This Property
£391/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£281
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£417,956
10% above area average per sq ft
Potential ROI
-12.9%
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

Newmarket, Suffolk
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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
£1,648
Based on a loan of £337,500 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