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Hope Street, Cambridge

East of England

£575,000
Listed on 08/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
831 sqft

Description

This charming bay fronted residence boasts two spacious bedrooms and two reception rooms, situated in a desirable area of Romsey. Its proximity to the railway station and the vibrant city centre adds to its appeal, making it an ideal candidate for renovation and investment. Notably, planning permission has been granted for extending the ground floor space, enabling potential buyers to enhance living areas while still retaining a generously sized rear garden with off-street parking options. The entrance hall welcomes you into the home, leading up to a first floor with an open loft space. The living room features a large bay window that floods the area with natural light. A separate dining room—currently utilized as an office or third bedroom—provides versatile use of space. The fitted kitchen is equipped with essential appliances and offers access to the garden alongside a cloakroom. Upstairs, both bedrooms are sizable, particularly the principal bedroom which spans the full width of the house. The bathroom is functional but could benefit from modern updates. Outside, a low-maintenance front garden ensures privacy while the expansive back garden holds great potential for improvements or landscaping. With recent planning approval for a single-storey extension (Ref. 25/04685/HFUL), this property presents an exciting opportunity for those looking to invest in enhancing both value and comfort in an attractive part of Romsey.

Investment Analysis

(CB1 area)

Above Market Value

This property is priced +22.2% above area average per sq ft

+22.2%
This Property
£692/sq ft
Area Average
£566/sq ft
Avg Rent (weekly)
£400
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£517,472
10% above area average per sq ft
Potential ROI
-15.9%
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
12%
Properties sold annually

Local Market Trend (CB1)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +4.7%
5 year growth: +8.2%
Investment Disclaimer: Analysis based on CB1 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

Hope Street, Cambridge
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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
£2,037
Based on a loan of £431,250 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.

Stamp Duty Calculator

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