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Richmond Road, Cambridge CB4

East of England

£575,000
Listed on 11/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
925 sqft

Description

This 1920s terraced house presents a promising opportunity for renovation and investment, featuring three spacious double bedrooms and a generous rear garden. Set on a compact plot of approximately 0.06 acres, the property combines character with potential, making it an appealing option for those looking to personalize and enhance their living space. The house is situated on a quiet no-through road, contributing to a peaceful residential atmosphere while remaining conveniently close to the city center. The location is particularly advantageous for families, as it falls within the catchment area for reputable schools such as Mayfield Primary School and Chesterton Community College, ensuring access to quality education. Upon entering, you are greeted by an entrance hallway that leads to the well-proportioned living areas. The front living room features a charming bay window and an attractive fireplace that could be restored to add warmth and character. Adjacent to this space, the dining room also includes a fireplace and French doors that open onto the south-easterly facing garden, blending indoor and outdoor living seamlessly. The kitchen offers functional space with fitted units, providing the ideal canvas for a modern update. With existing plumbing for essential appliances and room for upgrades, it holds significant potential to become a highlight of the home. The first floor comprises three double bedrooms, two of which boast original feature fireplaces, enhancing the period charm of the property. The layout also includes a family bathroom fitted with essential amenities as well as a separate WC—opportunities exist here for modernization or reconfiguration depending on personal preferences. The rear garden is one of the standout features of this property; it is well-established and predominantly laid to lawn with mature trees and shrub borders creating a tranquil retreat. This outdoor space not only enhances daily living but also offers potential for expansion or landscaping projects (subject to planning permission). With residents' permit parking available, accessibility is further enhanced by proximity to local amenities including shops and parks such as Histon Road Recreation Ground, which is just a short walk away. Public transport options are also favorable with both Cambridge railway stations located slightly over two miles away, offering direct services into London. This property affords significant renovation potential in an enviable location—a unique chance to create your ideal home while benefiting from investment opportunities in this sought-after area.

Investment Analysis

(CB4 area)

Above Market Value

This property is priced +22.3% above area average per sq ft

+22.3%
This Property
£622/sq ft
Area Average
£508/sq ft
Avg Rent (weekly)
£375
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£57,500 - £143,750
10-25% of property value
Target Value
£517,246
10% above area average per sq ft
Potential ROI
-28.0%
After renovation
Monthly Sales
13
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (CB4)

Area prices are falling by +2.8% over the last 12 months
3 year growth: 4.5%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on CB4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Richmond Road, Cambridge CB4
Map showing location of Richmond Road, Cambridge CB4
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