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Mill Reef Close, Newmarket CB8

East of England

£300,000
Listed on 04/05/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1345 sqft

Description

This four-bedroom semi-detached home, situated in a sought-after residential neighborhood, presents an excellent opportunity for renovation or investment. The property features two bathrooms and two reception rooms, alongside a spacious open-plan kitchen equipped with essential amenities including base and wall units, a stainless steel sink, integrated fridge-freezer, and space for laundry appliances. Each of the double-sized bedrooms comes with built-in storage, while the hallway includes additional storage options and a convenient WC. With no onward chain, this property is ready for a transformative update that could enhance its market value. The generously sized rear garden offers potential for landscaping or extension (subject to permissions), and off-road parking for two cars enhances its appeal. Annual maintenance fees for communal areas are approximately £130, which adds to the low ongoing costs of ownership in this well-connected area. Newmarket’s rich equestrian heritage and modern amenities make it an attractive prospect for families or investors alike looking to capitalize on the local housing market.

Investment Analysis

(CB8 area)

Below Market Value

This property is priced -33.8% below area average per sq ft

-33.8%
Potential saving
This Property
£223/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£281
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£498,444
10% above area average per sq ft
Potential ROI
+46.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CB8)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -2.4%
5 year growth: -1.3%
Investment Disclaimer: Analysis based on CB8 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 Reef Close, Newmarket CB8
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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
£1,070
Based on a loan of £225,000 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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