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New Cheveley Road, Newmarket, Suffolk CB8 - Image 1
New Cheveley Road, Newmarket, Suffolk CB8 - Image 2
New Cheveley Road, Newmarket, Suffolk CB8 - Image 3

New Cheveley Road, Newmarket, Suffolk CB8

East of England

£170,000
Listed on 09/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This chain-free two-bedroom terraced house presents a promising opportunity for both first-time buyers and savvy investors. Nestled conveniently near Newmarket's town centre and the train station, the property features a sitting room, a kitchen/diner, two well-sized bedrooms, and a bathroom. While the interior shows signs of wear that indicate it is due for some modernization, this allows for substantial value-adding potential through renovations. The layout includes practical living spaces with ample natural light and offers access to a modest rear garden. Local amenities such as shops and pubs are within easy walking distance, enhancing its appeal in a robust rental market. This residence is ideally positioned for those looking to personalize or improve their investment.

Investment Analysis

(CB8 area)
Area Average
£335/sq ft
Avg Rent (weekly)
£279
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

New Cheveley Road, Newmarket, Suffolk CB8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£602
Based on a loan of £127,500 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.

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