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138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 1
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 2
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 3
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 4
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 5
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 6
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 7
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 8
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 9
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 10
138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA - Image 11

138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA

East of England

£200,000
Listed on 07/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1496 sqft

Description

This detached three-bedroom property is positioned on a generous 0.22-acre plot at the edge of the village, presenting a prime opportunity for renovation and investment. The house requires significant modernization, making it suitable for builders or developers looking to add value. The layout includes two reception rooms, a kitchen, a utility area, and a ground floor w.c., while the first floor accommodates three bedrooms along with a wet room. Outside, there's ample space with front and side vehicular access, as well as a detached garage. Given its location in Ramsey and proximity to local amenities and rail links at Huntingdon, this property holds great potential for those willing to undertake refurbishment.

Investment Analysis

(PE26 area)

Below Market Value

This property is priced -49.9% below area average per sq ft

-49.9%
Potential saving
This Property
£134/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£438,882
10% above area average per sq ft
Potential ROI
+51.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PE26)

Area prices are falling by +10.0% over the last 12 months
3 year growth: -6.5%
5 year growth: 7.8%
Investment Disclaimer: Analysis based on PE26 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

138 Oilmills Road, Ramsey Mereside, Ramsey, Huntingdon, Cambridgeshire PE26 2UA
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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
£733
Based on a loan of £150,000 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