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Horseway, Chatteris PE16

East of England

£650,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1093 sqft

Description

This three-bedroom detached bungalow is situated in a secluded setting, surrounded by nearly five acres of gardens and grazing land, presenting a unique investment opportunity for those interested in equestrian facilities. The property includes stabling, a feed room, hay barn, and an arena measuring approximately 60m x 20m, making it ideally suited for horse owners or those looking to establish a hobby farm. The spacious garage and ample parking spaces further enhance its appeal for vehicles or additional storage needs. Nestled away from the hustle and bustle, yet conveniently accessible to nearby towns like Chatteris—equipped with essential amenities such as schools, healthcare services, and shopping facilities—this property provides the best of both rural tranquility and community connectivity. The bungalow itself features double-glazing and oil-fired central heating but would benefit from modern updates to optimize its potential. The layout comprises a utility room leading into a functional kitchen with essential appliances (though the extractor is currently not connected), a sunroom that invites natural light, a bathroom with existing fixtures that may require refurbishment, and three bedrooms along with a generous lounge/dining area complete with solid fuel burner. For those looking to expand their investment, there is previous planning permission (now lapsed) for a two-storey replacement dwelling that could be revived to allow for more extensive development on this impressive plot. With numerous equestrian centers nearby and plenty of local riding routes available, this property truly offers significant potential for renovation and enhancement.

Investment Analysis

(PE16 area)

Above Market Value

This property is priced +126.4% above area average per sq ft

+126.4%
This Property
£595/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£315,844
10% above area average per sq ft
Potential ROI
-57.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE16)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -2.1%
5 year growth: +27.1%
Investment Disclaimer: Analysis based on PE16 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

Horseway, Chatteris PE16
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 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.

Price History

-7.1% since listed
£650,000£20,000(-3.0%)
18/03/2026
Current price
£670,000£15,000(-2.2%)
16/05/2025
£685,000£14,995(-2.1%)
25/03/2025
£699,995Initial listing
04/07/2024

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