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Murrow Bank, Murrow, Wisbech

East of England

£120,000
Listed on 05/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1274 sqft

Description

Situated in the tranquil village of Murrow, this detached property presents a substantial renovation opportunity. The home comprises two reception rooms, a kitchen, utility area, shower room, and a ground floor bedroom, along with three additional bedrooms on the upper level. Although it requires comprehensive refurbishment to bring it up to modern standards, its spacious layout and sizable plot provide significant potential for value enhancement. The property includes off-road parking via a private driveway and boasts a large enclosed garden, ideal for outdoor space enhancement. It is particularly suited for investors or individuals seeking to create their dream residence tailored to their preferences. The absence of an onward chain simplifies the acquisition process.

Investment Analysis

(PE13 area)

Below Market Value

This property is priced -56.5% below area average per sq ft

-56.5%
Potential saving
This Property
£94/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£303,543
10% above area average per sq ft
Potential ROI
+44.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PE13)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -4.5%
5 year growth: +7.2%
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

Murrow Bank, Murrow, Wisbech
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 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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