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Mill Road, Cambridge CB1

East of England

£700,000
Listed on 18/11/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2475 sqft

Description

This four-bedroom Victorian terrace, situated on the sought-after Mill Road, offers a unique opportunity for buyers looking to invest in a property rich with character and renovation potential. The home spans three floors and features a flexible layout that can easily accommodate various lifestyles, making it particularly appealing for families or investors seeking to capitalize on the area's popularity. The ground floor is designed with functionality in mind, featuring two reception rooms, a fourth bedroom, a utility room, and a substantial storage area. Notably, the property includes two separate entrances, providing an option for creating an independent living space or a dedicated home office. Ascending to the first floor, you’ll find two additional bedrooms along with a family bathroom and a well-sized kitchen. This level also boasts two spacious reception rooms that can be utilized for entertaining guests or customized according to your needs. On the top floor lies the largest bedroom—a bright space with significant potential for transformation into a luxurious principal suite. Outside, the enclosed rear garden offers side access that leads to a shared passageway connecting back to the front of the property. Ample on-street parking is available nearby. Mill Road is renowned for its vibrant atmosphere and diverse amenities, including independent shops, cafés, and excellent transport links. This location not only enhances daily convenience but also provides access to some of Cambridge's finest attractions such as the Fitzwilliam Museum and beautiful green spaces like the Botanical Gardens. With prestigious educational institutions and significant employers—including Addenbrooke’s Hospital and numerous biotech firms—this area has strong long-term investment potential. While this property requires modernization throughout, it presents an excellent canvas for those willing to invest time and resources into creating their ideal home. The cellar adds further intrigue; although currently inaccessible, it may provide additional storage or development opportunities once evaluated. In summary, this Victorian terrace embodies both charm and potential in one of Cambridge's most desirable neighborhoods—a rare find for discerning buyers ready to make their mark.

Investment Analysis

(CB1 area)

Below Market Value

This property is priced -49.8% below area average per sq ft

-49.8%
Potential saving
This Property
£283/sq ft
Area Average
£563/sq ft
Avg Rent (weekly)
£394
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,533,857
10% above area average per sq ft
Potential ROI
+96.6%
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
14%
Properties sold annually

Local Market Trend (CB1)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 5.0%
5 year growth: 10.3%
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

Mill Road, Cambridge CB1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE