3-bedroom house · CB7 5AP
Sold STCReduced £10k (−5%) on 16 JulListed 122 days
Opportunity summary
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About
An Exciting Opportunity for Investors or First-Time Buyers An exciting project offering excellent potential to add value, this charming end-terrace property is ideally located in the heart of Soham.
The accommodation comprises two generous reception rooms, including a sitting room and separate dining room, along with a kitchen that offers scope to create a spacious kitchen/breakfast room.
There is also a useful understairs storage cupboard. To the first floor are three good-sized bedrooms and a family bathroom.
Outside, the property benefits from two useful outbuildings, including an outside WC and a separate utility room.
A single garage is situated at the bottom of the garden, providing additional storage or parking. The property has recently been fitted with a modern combi boiler.
Requiring some updating, this is an exciting opportunity for investors, developers, or first-time buyers seeking a property with plenty of potential in a convenient central location.
Location Soham is a growing town of around 12,000 people located in East Cambridgeshire between Ely and Newmarket with easy access by road and rail to Cambridge, Ely, and Newmarket.
Soham train station, which reopened in 2021, links to Ely, Cambridge and London. Town Information Soham is a historic town with a rich heritage dating back to Roman times.
Its quaint streets are lined with period buildings and traditional English architecture, creating an inviting and character-filled atmosphere.
It has an attractive historic town centre with a range of local and high-street shops.
The town has an excellent network of public footpaths and attractive green lanes which provide good links into the surrounding countryside.
Facilities Soham offers a wide range of facilities and amenities including a sports centre, bowls club, non-league football club, a successful secondary school, two primary schools, library, doctors surgery, church, and a drama club.
Local shops include the Co-Op, Budgens, Asda, small eateries, public houses, hairdressers, boutique shops and a bustling High Street.
The nearby horseracing town of Newmarket provides a further range of amenities including schools, shops, supermarkets, hotels, restaurants, and leisure facilities, including health clubs, a swimming pool and golf club.
Renowned globally for thoroughbred horses and boasting two separate racetracks with quality horses competing throughout the season.
Ely, home to a world-famous 900-year-old Cathedral, lies on the River Great Ouse and offers another good range of shopping facilities within the centre including a market which takes place on both Thursdays and Saturdays.
There are a number of sporting facilities such as an 18 hole golf course and leisure centre with indoor swimming pool/gymnasium.
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 20 Millcroft, Ely
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