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St. Lukes Mews, Cambridge

East of England

£425,000
Listed on 08/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
859 sqft

Description

This three-bedroom end of terrace house spans 858.7 sq ft and presents a solid opportunity for renovation in a desirable area close to Jesus Green and the City Centre. The property is ripe for modernisation, allowing investors or homeowners to add significant value through thoughtful updates. Upon entering, you’ll find a versatile front bedroom on the ground floor with built-in storage, which could serve various purposes depending on your needs. The hallway features a small storage nook, a convenient downstairs WC, and an under-stairs cupboard for additional space efficiency. The open-plan kitchen and living area offers ample potential; the kitchen is equipped with both high and low level cupboards and has room for full-sized appliances. The bright living room, enhanced by large windows and rear doors leading to the garden, provides an inviting atmosphere that encourages natural light. Upstairs, the landing benefits from a skylight that adds brightness to the space. The principal bedroom is spacious with sash windows overlooking the garden, along with an integrated wardrobe for practical storage solutions. A smaller second bedroom sits at the front of the house, while a well-sized bathroom includes essential fixtures alongside another skylight. The courtyard-style garden features mostly paved areas surrounded by mature plants – ideal for personalisation or landscaping improvements. Additionally, there is a single garage at the rear of the property plus designated parking space at the front. The home currently utilises electric storage heaters and an immersion heater for water heating. Notably, there’s an existing insurance claim pertaining to subsidence which can be assigned to the new owner—offering reassurance during renovations. This property is listed without any onward chain, making it an attractive prospect for those looking to invest in a home while undertaking enhancements.

Investment Analysis

(CB4 area)

Below Market Value

This property is priced -3.1% below area average per sq ft

-3.1%
Potential saving
This Property
£495/sq ft
Area Average
£511/sq ft
Avg Rent (weekly)
£357
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£482,419
10% above area average per sq ft
Potential ROI
+6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CB4)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 3.1%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on CB4 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

St. Lukes Mews, Cambridge
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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
£1,557
Based on a loan of £318,750 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