We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom house · CB7 5PP
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A SUPERBLY PRESENTED BARN CONVERSION IN A SOUGHT-AFTER VILLAGE WITH A USEFUL OFFICE/STUDIO, ATTRACTIVE ENCLOSED GARDEN AND PARKING THE PROPERTY Pen Lodge was previously part of a working farm, converted in 1994 to form a well proportioned character property.
Discreetly positioned down a driveway, this well located barn conversion has weather boarded elevations over a brick plinth under a tiled roof.
The light and spacious accommodation extends to 1,922 sq ft, with double glazing and oil fired central heating.
The welcoming entrance hall has a window to the side, stairs to the first floor, a fitted door mat and wood floor.
The generously sized triple aspect sitting/dining room has a glazed door to the side and French doors to the garden, exposed timbers and wood floor.
The double aspect kitchen/breakfast room has a window to the front and two windows overlooking the garden, with fitted base and eye level units, oak worktops with tiled splashbacks, one and a half bowl ceramic sink with drainer, integrated dishwasher, five ring hob and double oven with stainless steel extractor hood above, tiled floor, opening to utility room and door to the garden.
A useful utility room is located off the kitchen with a sink, space for a washer/dryer and fridge/freezer, oil fired boiler, coat hooks and window to the front.
The well finished cloakroom has a frosted window to the side, wash basin, w/c, extractor fan and wood floor.
The landing has a window to the front, exposed timbers, built-in wardrobe, built-in cupboard housing the hot water cylinder.
The spacious principal bedroom has a window to the side and roof light, exposed timbers, built-in wardrobes and superbly finished en-suite shower room.
Bedroom 2 has a window to the rear, built-in wardrobe and recessed ceiling down lights. Bedroom 3 has two windows to the rear, exposed timbers and shelving. Bedroom 4/study has a window to the rear.
The family bathroom has a roof light, w/c, wash basin with vanity unit below, walk-in shower, bath, heated towel rail, storage, tiled floor, recessed ceiling downlights and access to the loft space.
OUTSIDE Pen Lodge is approached over a gravel driveway with a five-bar wooden gate leading to parking for several cars and access to the garage.
The garage has a pair of wooden doors to the front, pedestrian door to the side, power and lighting.
The front of the property is enclosed by hedging and close boarded wooden fencing with a lawn, path to the front door, EV charging point, outside lighting and tap.
The attractive and well-maintained garden is enclosed by close boarded wooden fencing and mainly laid to lawn with flower, shrub and vegetable beds, summer house, block paved terrace and outside lighting.
The office/studio has double doors to the garden, windows to the side, electric heating, power and lighting and Karndean floor.
LOCATION Pen Lodge is situated in a conservation area, in the attractive village of Chippenham, approximately four miles north-east of Newmarket on the Cambridgeshire/Suffolk border.
Largely surrounded by farmland, the village has a number of buildings of interest including a fine row of artisans’ cottages with long front gardens and amenities including a public house, village hall, church, cricket pitch, tennis courts and playground.
Chippenham Fen, a national nature reserve and the popular La Hogue Farm Shop and Café are located just outside the village.
The nearby towns of Newmarket and Bury St Edmunds offer a wide range of local facilities including shopping, hotels, restaurants, schools and leisure facilities, with health clubs, swimming pools and a golf club.
Cambridge is approximately 16 miles away and has excellent schools, shopping and other facilities. There is easy access to the A14, A11 and M11 and via these to the national road network.
There is a branch line connection from Newmarket to Cambridge and Ipswich, along with a station at the neighbouring village of Kennett.
Cambridge, Cambridge North, Ely, Audley End and Whittlesford Parkway offer direct rail lines into London, with the fastest trains taking under one hour.
Stansted International Airport is approximately an hour’s drive. DIRECTIONS CB7 5PP From Newmarket Clock Tower roundabout signposted Ely/Fordham proceed out along the Fordham Road.
Take the first right into Snailwell Road. Follow this road through the village of Snailwell and onto the village of Chippenham.
On entering Chippenham turn right at the T junction onto the High Street. Continue straight and the driveway to Pen Lodge is located on the left before the entrance to Chippenham Park (on your right).
PROPERTY SERVICES SERVICES: Mains water, electricity and drainage. Oil fired central heating via radiators. TENURE: The property is freehold with vacant possession on completion.
COUNCIL TAX: Band F Current annual charge: £3,052.75 LOCAL AUTHORITY: East Cambridgeshire District Council Tel: BROADBAND SPEED: Ofcom states speed available up to 80 mbs MOBLIE SIGNAL/COVERAGE: Yes What3words: imprinted.fulfilled.ounce VIEWING: Strictly by appointment only through sole agent: Jackson-Stops – AGENTS NOTE: Pen Lodge owns the gravel driveway, which a neighbour has a right of access over.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About High Street, Chippenham, Ely, Cambridgeshire, CB7
Explore nearby