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Bill Rickaby Drive, Newmarket, CB8

East of England

£190,000
Listed on 04/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
603 sqft

Description

This two-bedroom semi-detached home is situated on a spacious corner plot in a highly sought-after area, providing an excellent opportunity for renovation and investment. Its proximity to the town centre, reputable schools, and essential amenities makes it appealing for both families and potential tenants. The property includes off-road parking and a single garage, offering practical advantages for everyday living. With no onward chain, this residence holds significant promise for transformation into a modern family home or an attractive rental property. With its inherent potential to enhance value through updates and personal touches, this property is a solid prospect for those looking to invest in Newmarket's vibrant market scene. Newmarket itself is a historic town known for its equestrian culture, making it not only an attractive place to live but also an interesting locale with rich heritage. It boasts excellent transport links to Cambridge and beyond, ensuring that commuting is manageable while still enjoying the charms of a smaller community. The local amenities cater to varied interests—from dining options to recreational facilities—making it suitable for a wide range of lifestyles. This area’s combination of history and modern conveniences adds to its investment appeal. In summary, this property presents numerous possibilities for those willing to undertake renovations, setting the stage for either a comfortable family dwelling or a lucrative rental.

Investment Analysis

(CB8 area)

Below Market Value

This property is priced -5.0% below area average per sq ft

-5.0%
Potential saving
This Property
£315/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£219,917
10% above area average per sq ft
Potential ROI
-8.4%
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

Bill Rickaby Drive, Newmarket, 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
£685
Based on a loan of £142,500 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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