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Mill Street, Houghton, PE28

East of England

£270,000
Listed on 10/04/2026

Property Details

Bedrooms
1
Type
Terraced
Area
603 sqft

Description

This quaint one-bedroom terraced cottage is situated in a desirable village location, making it an ideal prospect for first-time buyers or those looking to invest in a property with significant potential for modernization. The inviting lounge area provides a cozy space to unwind, while the generous kitchen/diner is well-suited for everyday living and social gatherings. The double bedroom is spacious enough for comfortable rest, and additional reception space offers versatility as a guest room, home office, or nursery. The property showcases charming period features that can be enhanced through contemporary updates tailored to personal preferences. Its prime location near the river adds to the appeal, providing scenic surroundings and a peaceful atmosphere. Residents benefit from easy access to public transport routes and local amenities such as shops and cafes. This property presents a rare opportunity to create a unique home within a vibrant community while allowing for interior customization to reflect your style.

Investment Analysis

(PE28 area)

Above Market Value

This property is priced +37.3% above area average per sq ft

+37.3%
This Property
£448/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£325
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£216,302
10% above area average per sq ft
Potential ROI
-27.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE28)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -4.5%
5 year growth: +4.9%
Investment Disclaimer: Analysis based on PE28 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

Mill Street, Houghton, PE28
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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
£956
Based on a loan of £202,500 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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