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2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ - Image 1
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2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ - Image 4
2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ - Image 5
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2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ - Image 7

2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ

East of England

£65,000
Listed on 31/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
683 sqft

Description

This ground floor two-bedroom flat presents a promising opportunity for renovation, making it an ideal prospect for developers and investors looking to enhance its value. Located within a purpose-built block, the property includes the convenience of a single garage and access to communal gardens, adding to its appeal. Inside, the layout comprises a lounge that opens into the kitchen area, along with a utility space, two bedrooms, a bathroom, and a separate W.C. The flat is well-positioned for modernization, allowing for personal touches or upgrades that could significantly increase its marketability. Situated in Wisbech, this property benefits from close proximity to essential amenities including shops and schools. Additionally, excellent transport links via the A47 provide easy access to Peterborough and King's Lynn, both of which offer rail connections to London Kings Cross. This location not only supports residential living but also enhances the investment potential of the flat. The leasehold status includes 81 years remaining on a 125-year term initiated in 1981. With an EPC rating of C and Council Tax Band A, this property represents a solid foundation for anyone looking to capitalize on its renovated possibilities while enjoying the benefits of a sought-after area.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -57.0% below area average per sq ft

-57.0%
Potential saving
This Property
£95/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£166,112
10% above area average per sq ft
Potential ROI
+74.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

2 Holmes Drive, Wisbech, Cambridgeshire PE13 3TJ
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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
£238
Based on a loan of £48,750 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