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Derwent Close, Cambridge

East of England

£425,000

Listed on 24/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
850 sqft

Description

This spacious three-bedroom mid-terrace house presents a promising opportunity for renovation in a desirable location just off Cherry Hinton Road. While the property boasts a bright and airy layout, it is primed for updates to realize its full potential. The ground floor features a welcoming entrance hall leading to the kitchen and an expansive living/dining room, complete with a gas fireplace and French doors that open to the private rear garden. The kitchen includes both base and wall-level units, integrated appliances, and ample space for modern upgrades. Upstairs, you'll find three generously-sized bedrooms, including a master bedroom with built-in wardrobes. The family bathroom offers essential amenities but could benefit from modernisation to enhance functionality. Outside, the property is set back from the road with a front lawn area and benefits from an easterly-facing rear garden featuring various trees and shrubs. The garage located nearby adds to the property's appeal. This home not only provides comfortable living space but also presents significant renovation potential due to its advantageous location near local amenities, schools, and transportation links into Cambridge city centre. With no onward chain, this property offers an excellent investment opportunity for those looking to create their ideal home.

Investment Analysis

(CB1 area)

Below Market Value

This property is priced -11.2% below area average per sq ft

-11.2%
Potential saving
This Property
£500/sq ft
Area Average
£563/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£526,265
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CB1)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +5.1%
5 year growth: +7.9%
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

Derwent Close, Cambridge
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,606
Based on a loan of £318,750 over 30 years at 4.45% 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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