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Burrel Road, St. Ives, Cambridgeshire, PE27 3LE - Image 1
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Burrel Road, St. Ives, Cambridgeshire, PE27 3LE

East of England

£895,000
Listed on 02/04/2026

Property Details

Bedrooms
N/A
Type
Warehouse

Description

This property features a prominent warehouse and workshop space with offices located at the front. The internal layout has been subdivided into a series of smaller workshops, as detailed in the accommodation schedule. A significant advantage is the expansive forecourt parking area, which offers potential for various uses (subject to planning). While the units serve practical purposes, they are currently in need of general maintenance and upgrades throughout, presenting an excellent opportunity for investors looking to add value. The workshops provide open plan areas arranged along a central corridor that grants access to shared WC facilities. Historically utilized as economical storage options, there is potential to further subdivide the space and install individual welfare facilities, creating self-contained units that could enhance rental appeal. Additionally, one unit is let to a gym operator, providing a steady income until August 2028 at an annual rent of £18,000; the tenant has expressed interest in extending their lease if possible, though this is not yet formalized. With approximately 0.83 acres of land available, there is scope for future development or diversification of use.

Investment Analysis

(PE27 area)
Area Average
£354/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE27)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -4.8%
5 year growth: +8.5%
Investment Disclaimer: Analysis based on PE27 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

Burrel Road, St. Ives, Cambridgeshire, PE27 3LE
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Mortgage Calculator

£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,170
Based on a loan of £671,250 over 30 years at 3.91% 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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