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3 Tower Road, Ely, Cambridgeshire, CB7 4HW - Image 1
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3 Tower Road, Ely, Cambridgeshire, CB7 4HW

East of England

£475,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached home presents a valuable opportunity for investors or those looking to create their ideal residence in the heart of Ely. Situated on a generous plot exceeding 0.2 acres, this property is well-placed within walking distance to the town centre, Ely Cathedral, and the train station, offering both convenience and potential for future appreciation. The house features a classic design with pitched tiled roofing and brick walls, accented with timber cladding. While it requires internal refurbishment and repair, there is significant scope for redevelopment or extension subject to planning permissions. The layout includes an entrance hall leading to a spacious sitting room with multiple windows that invite natural light, a dining area equipped with fitted shelving, and a kitchen/breakfast room with ample storage. Additionally, there are two shower rooms located on both floors for practicality. The outdoor space is equally impressive, boasting a large professional garden complete with mature trees and flower beds, complemented by an extensive patio area perfect for entertaining. There are indications of structural movement at the rear of the property which is currently under investigation as part of an open insurance claim that can be transferred to the buyer. This situation allows buyers to not only manage repairs but also customize renovations according to personal taste. Overall, this property offers a unique chance for transformation in a desirable location.

Investment Analysis

(CB7 area)
Area Average
£323/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (CB7)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -7.5%
5 year growth: +3.7%
Investment Disclaimer: Analysis based on CB7 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

3 Tower Road, Ely, Cambridgeshire, CB7 4HW
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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