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Drinkwater Close, Newmarket, CB8

East of England

£345,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
883 sqft

Description

This three-bedroom semi-detached property, nestled on a desirable corner plot, presents an exceptional opportunity for renovation and future expansion, subject to obtaining the necessary planning permissions. The home features a bright entrance hallway leading to a convenient ground-floor W/C. The recently fitted kitchen is well-equipped with modern appliances and ample storage, providing a solid foundation for culinary enthusiasts or further customization. The expansive living/dining area is designed for comfortable family living and entertaining, seamlessly connecting to a conservatory that overlooks the garden. With thoughtful design, this space can be transformed into your ideal layout or extended to meet your family's needs. Moving upstairs, you'll find two spacious double bedrooms along with a versatile single bedroom suitable for various uses such as an office or guest room. The family bathroom has been finished to a good standard but could benefit from an update, depending on personal taste. Outdoors, the generous garden offers privacy and plenty of scope for landscaping or potential extensions. Additionally, the integrated garage and driveway provide practical parking solutions. Set in Newmarket—known for its rich equestrian history—the property is conveniently located near local amenities and strong transport links to Cambridge and beyond. This area is particularly appealing for families due to its educational options and community atmosphere, making it an attractive investment for those looking to create their ideal home over time.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +16.6% above area average per sq ft

+16.6%
This Property
£391/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£279
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£325,337
10% above area average per sq ft
Potential ROI
-15.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +1.3%
5 year growth: +1.7%
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

Drinkwater Close, Newmarket, CB8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,222
Based on a loan of £258,750 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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