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1 Mill Road, Gazeley, Newmarket CB8 - Image 1
1 Mill Road, Gazeley, Newmarket CB8 - Image 2
1 Mill Road, Gazeley, Newmarket CB8 - Image 3

1 Mill Road, Gazeley, Newmarket CB8

East of England

£400,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Cottage
Area
957 sqft

Description

This detached cottage boasts a substantial garden set in the picturesque village of Gazeley, presenting a noteworthy opportunity for renovation and expansion. The property is located within a tranquil rural setting, with close proximity to historical landmarks and convenient transport links to larger towns, including Newmarket and Cambridge. With its spacious layout comprising two sizable bedrooms, multiple reception areas, and potential for further development—especially with the additional plot available for negotiation—the property allows for creative renovations tailored to modern living. The existing features provide a solid base but could benefit from updates to enhance comfort and aesthetic appeal. The large rear garden offers not only beautiful countryside views but also ample space for outdoor enhancements or extensions, subject to necessary planning permissions. This charming cottage is ideal for those looking to invest in a project while enjoying the quintessential English village lifestyle.

Investment Analysis

(CB8 area)

Above Market Value

This property is priced +24.8% above area average per sq ft

+24.8%
This Property
£418/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£279
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£352,602
10% above area average per sq ft
Potential ROI
-19.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CB8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +1.3%
5 year growth: +1.7%
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

1 Mill Road, Gazeley, Newmarket CB8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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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