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Water Lane, Melbourn, SG8

East of England

£420,000

Listed on 24/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
888 sqft

Description

This semi-detached 3-bedroom home located in the charming village of Melbourn offers significant renovation and investment potential. Just a short stroll from local amenities, the property features two reception rooms, a functional kitchen, a convenient cloakroom WC, and three bedrooms on the upper floor. The sizable enclosed rear garden provides ample space for outdoor activities and presents opportunities for landscaping or extensions, subject to planning consent. Upon entering, you'll find a welcoming hallway that leads to spacious living areas bathed in natural light. The open-plan kitchen-dining area is perfect for social gatherings but could benefit from modernisation to enhance its functionality and aesthetics. With solid wood flooring throughout many of the rooms, this home combines charm with the chance to add contemporary touches. Upstairs, the three well-sized bedrooms offer integrated storage solutions and share a family bathroom that could be updated for improved comfort. The exterior features a tidy front garden along with gated access to the rear, where an expansive lawn awaits your personal touch. Renovators will appreciate the existing framework and layout while envisioning how they might transform this property into their ideal home or investment opportunity in a sought-after location.

Investment Analysis

(SG8 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£473/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£335
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£402,539
10% above area average per sq ft
Potential ROI
-12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SG8)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -7.3%
5 year growth: -3.1%
Investment Disclaimer: Analysis based on SG8 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

Water Lane, Melbourn, SG8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,498
Based on a loan of £315,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-3.4% since listed
£420,000£15,000(-3.4%)
23/05/2026
Current price
£435,000Initial listing
31/12/2025

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