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Melrose Gardens, Newmarket, Suffolk, CB8 - Image 1
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Melrose Gardens, Newmarket, Suffolk, CB8

East of England

£315,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
893 sqft

Description

This extended three-bedroom semi-detached house presents an exceptional opportunity for first-time buyers or families seeking to invest in a home with significant potential. Situated in a tranquil cul-de-sac in Newmarket, the property offers a peaceful lifestyle while remaining conveniently close to the town center, local amenities, and reputable schools. The existing owners have laid a strong foundation for future improvements by undertaking essential upgrades such as a full rewire and new consumer unit alongside modern digital electric heating. While the interior is well-presented, particularly the living areas, the kitchen-diner stands out as a blank canvas ready for transformation into a contemporary culinary space that could serve as the heart of the home. With a private driveway accommodating multiple vehicles, an attached garage, and a secluded rear garden, this property strikes a balance between immediate comfort and long-term investment potential. Opportunities like this are seldom found in such desirable locations. Viewing is highly encouraged to truly grasp both the spacious layout and the possibilities that await.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +6.4% above area average per sq ft

+6.4%
This Property
£353/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£325,682
10% above area average per sq ft
Potential ROI
-6.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (CB8)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -0.7%
5 year growth: +4.3%
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

Melrose Gardens, Newmarket, Suffolk, CB8
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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
£1,136
Based on a loan of £236,250 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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