5-bedroom detached house · PE14 9RB
For saleReduced £25k (−7.7%) on 14 OctListed 731 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered Chain Free this delightful family home in the popular village of Welney.. This period characterful family home has been maintained by the current owners and is in excellent order..
It offers spacious accommodation for a growing family with five bedrooms master en-suite three further double bedrooms and a family bathroom.
Downstairs the property has a good size kitchen, breakfast room reception room/study lounge, dining room.
The property retains a number of period features and needs to be viewed to be full appreciated.
Also available via separate treaty is the annexe currently used as a music studio Comments regarding the studio and work: Prior to our acquiring the property in 2014, the studio was a joinery workshop.
The use code was the same as a recording studio, and didn’t change the external aspect of the property, so no planning permission was required.
The studio has an independent electricity supply and shares the same mains water (and septic tank) as the house. It was in a state of extreme disrepair upon acquisition.
Putting on a new roof, repaired window frames and brickwork, gutted and re-fit the interior including the toiled and kitchenette (in the utility area).
New floors throughout (high quality reclaimed wood), new doors and windows, internal windows inserted. Also treated the property acoustically, meaning it is highly sealed and insulated.
It also underwent a complete electrical installation. The work was carried out in 2014 (some stretching into 2015) and have original dates and receipts for the work.
With the quality of the work been done the studio could be used for all manner of small businesses (office, yoga studio, minor workshop etc) and would make a high-quality multi-bedroom accommodation if converted to residential use.
Welney has a local church and pub/restaurant as well as local amenities in the neighbouring villages of Upwell and Manea.
Welney is also within driving distance from the popular town of Littleport or the Cathedral City Ely. Which has a Train Station with road and rail links to Cambridge, London and further afield
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Croft House,, Main Street, Wisbech
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