3-bedroom semi-detached house · CB8 9GY
For saleListed 240 days
Opportunity summary
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About
DISCOUNT MARKETING SALE AT FAIRFIELDS, ASHLEY: Buy a brand new three bedroom house outright at 20% below market value!
The developer is offering these as an alternative to Affordable Housing - under this scheme, you own the home outright - there is no rent to pay, and you buy with a discount of 20-25% on the open market value.
* OPEN MARKET VALUE : £425,000 * 20% discount £340,000 * 25% discount £318,750 The discount stays with the home for future buyers ensuring affordability remains in the village.
Each home is being constructed to a superb standard and benefit from an excellent layout: GROUND FLOOR: Entrance hall leading to : - Living room (16'9 x 10'6) with double doors to the garden and dual aspect windows.
- Kitchen/dining (18'5 x 11'4) also with door to the garden and windows to two sides.
FIRST FLOOR: Bedroom 1 (16'9 x 10'6) with dual aspect windows Bedroom 2 (11'3 x 10'11) Bedroom 3 (11'9 x 7'8) Total size is 1065 sq ft (98.9 sq m) An excellent specification, benefitting from: * Underfloor heating to the ground floor powered by an air source heat pump.
* High quality kitchen with shaker style cabinets * Integrated appliances to include fridge/freezer, dishwasher, single oven, combi oven-microwave, hob, extractor hood * Bathroom with white contemporary suite from Roca, vanity units under sink and shower over bath.
* Flooring throughout including wood effect strip flooring to the ground floor, carpet to stairs and bedrooms and Porcelanosa tiling to the bathroom.
* Two off-road parking spaces * Private rear garden with patio area Property Type - Freehold ** LOCAL CRITERIA ** There is a local criteria applied to these homes, each purchaser must: - Have lived within East Cambridgeshire District or within a 6 mile radius of the site for at least 12 months immediately prior to reservation; OR - Have close family members (such as parents, children, brothers or sisters) living within East Cambridgeshire District or within a 6 mile radius of the site; OR - Have their principal place of work within East Cambridgeshire District or within a 6 mile radius of the site for at least 12 months immediately prior to reservation; OR - Meet special circumstances accepted by the Council, such as: + acting as a carer for a qualifying local resident + Being a member of the Armed Forces.
- Household earnings must not exceed the gross annual income cap of £80,000.
- You cannot afford to pay more than 80% of the market value of the property - A mortgage for at least 50% of the discount market price must be obtained - There must not be any financial interest in any other property - This must be your main or only residence - You must be able to legally own a home in the UK - You must not have more than 50% of the discounted sale price in equity/savings/gifted deposit unless you are vulnerable and have a disability or low-level health issues/other life limiting condition which causes difficulty in accessing suitable and sustainable accommodation in the district or are over 55 years old, when 100% is acceptable.
AGENTS NOTES The images are CGI generated. Plot, specification and colour may differ, please contact us for more information.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Fairfields, Ashley, Newmarket, Cambridgeshire, CB8
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