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High Street, Chatteris, Cambs., PE16 6BE

East of England

£260,000
Listed on 01/05/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
2244 sqft

Description

This property presents a compelling investment opportunity situated in the central area of Chatteris, where planning permission has been secured for a change of use that allows for conversion into a hot food takeaway alongside a retail unit and residential accommodation above. The ground floor features a retail shop that offers ample potential for customization, with an entrance door, bay window, and additional front windows. A gated shared passageway grants access to the rear garden, enhancing the property's appeal for future tenants or customers. The interior includes a lobby leading to a spacious lounge/diner fitted with laminate flooring and dual side windows. The kitchen is functional yet ripe for modern updates, equipped with standard appliances. Moving upstairs, the first floor comprises three bedrooms with sufficient natural light and built-in storage solutions. The layout also accommodates separate WC facilities and a bathroom with both bathing and shower options. A generous store room on the first floor could be converted into additional living space or another bedroom, further increasing its value. Outside, the hardstanding garden features planted borders and an outbuilding that could serve various purposes. This unit not only offers potential rental income from the residential space but also benefits from being in close proximity to local amenities, making it an attractive proposition for investors seeking to capitalize on its diverse possibilities.

Investment Analysis

(PE16 area)

Below Market Value

This property is priced -55.7% below area average per sq ft

-55.7%
Potential saving
This Property
£116/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£264
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£645,610
10% above area average per sq ft
Potential ROI
+101.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE16)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +0.4%
5 year growth: +25.3%
Investment Disclaimer: Analysis based on PE16 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

High Street, Chatteris, Cambs., PE16 6BE
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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
£928
Based on a loan of £195,000 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

This calculation uses non-residential (land/commercial) tax rates.

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