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Ash Grove, Chatteris PE16

East of England

£165,000

Listed on 28/06/2026

Property details

Bedrooms
3
Type
Land

Description

This property presents a significant development prospect with approved planning permission (Reference: F/YR24/0279/F) for the complete demolition of the current structure and the construction of two three-bedroom homes. Situated just off the bustling High Street, it offers easy access to an array of local amenities and quality schooling options. Alternatively, there remains potential for renovation of the existing dwelling, providing the chance to transform it into a spacious single-family residence or possibly two separate units, contingent upon obtaining the required consents. This is a prime opportunity to capitalize on a sought-after location and create desirable living spaces.

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Investment analysis

(PE16 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE16)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -1.9%
5 year growth: +20.6%
Investment Disclaimer: Analysis based on PE16 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

Ash Grove, Chatteris PE16
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£623
Based on a loan of £123,750 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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