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High Street Back, Ely

East of England

£260,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
House
Area
829 sqft

Description

This two-bedroom character residence in the heart of Ely offers a promising blank canvas for those looking to embark on a renovation journey. Spanning three levels, the property features spacious proportions that allow for creative design and personalization. The ground floor boasts an entrance hall leading into a sizable reception room and a kitchen area awaiting your choice of fittings. On the first floor, there's a large double bedroom alongside unfinished bathroom space ready for completion. The second floor includes an additional double bedroom. With new carpets already installed throughout, this property stands out as an ideal project for investors or buyers eager to add their own touches. Situated conveniently close to Ely city centre, it provides easy access to local amenities and transport links, making it an attractive opportunity for creating a tailored living space in a desirable location.

Investment Analysis

(CB7 area)

Below Market Value

This property is priced -4.3% below area average per sq ft

-4.3%
Potential saving
This Property
£314/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £18,000
Target Value
£298,784
10% above area average per sq ft
Potential ROI
+7.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CB7)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -8.4%
5 year growth: +1.8%
Investment Disclaimer: Analysis based on CB7 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

High Street Back, Ely
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£928
Based on a loan of £195,000 over 30 years at 3.97% 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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