2-bedroom bungalow · PE15 0LT
For saleListed 271 days
Opportunity summary
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About
Plot 1, 'The Mowbray', is a two bedroom detached bungalow with approximately 808 sq.ft of accommodation space.
The bungalow features an entrance hall, open plan lounge/dining/kitchen space, bedroom one with en-suite, bedroom two and bathroom.
Outside, the bungalow features a generous enclosed rear garden, front garden space, driveway and a garage.
Kitchen Area - 12'4" x 7'5" (3.80m x 2.30m) Lounge/Dining Area - 21'6" x 9'8" (6.60m x 3.00m) Bedroom One - 17'3" x 9'1" (5.30m x 2.80m) Bedroom Two - 12'4" x 11'8" (3.80m x 3.60m) The specification includes: - Quartz kitchen worktop - Integrated Dishwasher, Fridge/Freezer and Washer/Dryer - Air Source Heating - Underfloor Heating - Indian Sandstone Patio Lavender Mill is an exclusive development of 29 detached bungalows, set in the charming Fenland village of Manea.
Set back from the main road, this thoughtfully designed collection of single storey homes offers a rare opportunity to enjoy both privacy and connection to community and transport facilities.
Manea is a well connected village located in the Cambridgeshire Fens, offering a range of everyday amenities including a primary school, 'One-Stop-Shop' and a pub called The Rose and Crown.
The village benefits from it's own train station, well situated on the Greater Anglia line, giving direct services into Cambridge, Ely, March and Peterborough.
There is also a direct train service to Stansted Airport. Manea has two bus stops within the village, with routes serving March, Friday Bridge, Elm and Wisbech.
Manea is also home to the RSPB Ouse Washes Nature Reserve, which is approximately 2.2 miles from the development.
Train Links: Cambridge - approximately 29 minutes Peterborough - approximately 29 minutes Ely - approximately 13 minutes March - approximately 8 minutes Stansted Airport - approximately 1hr 4 minutes (direct train) Council Tax Band: TBC (Fenland District Council) Tenure: Freehold A private management company called 'Lavender Mill Management Company' will be set up to adminster the communal facilities.
Initially the developer will own the company and once the final property on the development is sold, ownership (shares) and directorship will be passed over to the residents.
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 Lavender Mill, Fallow Corner Drove, Manea
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