Worst House on the Street Logo
Mill Reef Close, Newmarket, CB8 - Image 1
Mill Reef Close, Newmarket, CB8 - Image 2
Mill Reef Close, Newmarket, CB8 - Image 3
Mill Reef Close, Newmarket, CB8 - Image 4
Mill Reef Close, Newmarket, CB8 - Image 5
Mill Reef Close, Newmarket, CB8 - Image 6
Mill Reef Close, Newmarket, CB8 - Image 7
Mill Reef Close, Newmarket, CB8 - Image 8
Mill Reef Close, Newmarket, CB8 - Image 9
Mill Reef Close, Newmarket, CB8 - Image 10
Mill Reef Close, Newmarket, CB8 - Image 11
Mill Reef Close, Newmarket, CB8 - Image 12
Mill Reef Close, Newmarket, CB8 - Image 13
Mill Reef Close, Newmarket, CB8 - Image 14
Mill Reef Close, Newmarket, CB8 - Image 15

Mill Reef Close, Newmarket, CB8

East of England

£300,000
Listed on 24/04/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1345 sqft

Description

This four-bedroom semi-detached home presents a compelling opportunity for renovation enthusiasts and investors alike. Nestled in a desirable residential area, the property includes two bathrooms and two reception rooms, offering ample space to create a family-friendly atmosphere or to enhance rental appeal. The open-plan kitchen is equipped with essential fixtures such as base and wall units, a stainless steel sink, integrated fridge-freezer, electric oven with hob, and dedicated spaces for washing machines and dishwashers – all of which could benefit from modernisation. The four generously sized bedrooms feature built-in storage that optimises space usage. Additional storage options are available in the hallway along with a convenient WC. The property's private rear garden allows for landscaping potential, while the off-road parking for two vehicles enhances its practicality. With no onward chain, this residence is poised for immediate opportunities post-renovation, making it ideal for families or as a rental investment. Situated in Newmarket, an area rich in equestrian heritage and culture, this property benefits from excellent transport links to Cambridge and beyond. Its proximity to schools and social amenities further elevates its appeal as an investment destination.

Investment Analysis

(CB8 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£223/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£279
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£495,559
10% above area average per sq ft
Potential ROI
+45.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +1.3%
5 year growth: +1.7%
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

Mill Reef Close, Newmarket, CB8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,063
Based on a loan of £225,000 over 30 years at 3.91% 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates