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Elloe Bank, Gorefield, Wisbech

East of England

£130,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1038 sqft

Description

This three-bedroom detached house, nestled in a tranquil rural landscape, presents a significant opportunity for renovation and redevelopment. Set on an expansive plot of approximately 1.6 acres, the property is ripe for transformation, whether that be through extensive refurbishment or the potential addition of another dwelling, pending the necessary planning permissions. The house requires comprehensive updates to bring it back to prime condition, with visible cracks indicating underlying structural issues that need addressing. Internally, the layout includes an Entrance Hall, Dining Room, Living Room, Kitchen with Pantry, Conservatory, three Bedrooms, and a Bathroom—offering ample space to reconfigure according to modern standards and preferences. Located about six miles from Wisbech and its comprehensive amenities and transport links—including connections to London—this property combines a peaceful setting with accessibility. With proper investment and vision, this could become an attractive family home or a profitable venture in today’s market.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -43.4% below area average per sq ft

-43.4%
Potential saving
This Property
£125/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£252,452
10% above area average per sq ft
Potential ROI
+14.8%
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

Elloe Bank, Gorefield, Wisbech
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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
£476
Based on a loan of £97,500 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