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Bill Rickaby Drive, Newmarket CB8 - Image 1
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Bill Rickaby Drive, Newmarket CB8

East of England

£190,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
603 sqft

Description

Located on a spacious corner plot, this semi-detached two-bedroom home offers an exciting opportunity for renovation and development. Its proximity to the town centre, respected schools, and essential amenities makes it an appealing choice for both families and investors seeking to create a high-yield rental property. The residence comes with the added convenience of off-road parking and a single garage while being offered with no onward chain, presenting a unique chance to transform this space into a modern family haven or a profitable rental asset. Furthermore, the historical charm of Newmarket enhances its attractiveness as a location for future investment. Newmarket is not only known for its rich equestrian heritage but also offers contemporary living amidst its historic streets. With excellent transport links connecting you to Cambridge, Bury St Edmunds, and beyond, this area has much to offer in terms of accessibility and lifestyle options. You will benefit from local parks, leisure centres, and vibrant community events that cater to diverse interests. This property holds significant potential for those willing to invest in renovations that could revitalize its spaces according to modern tastes while maintaining the essence of Newmarket's character.

Investment Analysis

(CB8 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£315/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£281
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£223,466
10% above area average per sq ft
Potential ROI
-4.9%
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

Bill Rickaby Drive, 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
£678
Based on a loan of £142,500 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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