4-bedroom bungalow · CB6 2LB
For saleReduced £25k (−2.9%) on 15 OctListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ref:AS01 development opportunity A rare chance to acquire a plot extending to just over one acre, comprising a four-bedroom detached bungalow, barn and adjoining land with previous planning history, enjoying stunning countryside views in the village of Witcham.
A rare development opportunity set within a plot of just over one acre, offering a substantial detached bungalow, barn and adjoining land with previous planning history, all enjoying far-reaching countryside views.
Situated on Martins Lane in the popular village of Witcham, this unique offering presents an increasingly rare chance to acquire a sizeable residential holding with both immediate lifestyle appeal and exciting future potential, subject to the necessary planning consents.
The site extends to just over one acre and includes a substantial strip of adjoining land with an existing barn.
Previous outline planning consent was granted within the site, although this has since lapsed.
The land has also attracted further development interest in the past, making this an attractive proposition for developers, investors and self-build purchasers seeking a site with established planning history.
Occupying a prominent position within the plot is a spacious four-bedroom detached bungalow extending to approximately 1,800 sq ft.
The property is well maintained and perfectly liveable in its current form, whilst offering tremendous scope for modernisation, extension or reconfiguration to suit individual requirements.
A particular feature of the bungalow is the substantial loft space, benefitting from exceptional head height and presenting an obvious opportunity for conversion, subject to any necessary permissions.
Externally, the property enjoys generous gardens, extensive frontage and uninterrupted countryside views across open farmland to the rear, creating a wonderful rural setting whilst remaining within easy reach of Ely and surrounding villages.
The overall plot measures approximately 80 metres in depth and 50 metres in width, providing an impressive amount of space and flexibility rarely available within a village setting.
Whether acquired as a long-term family home with land, a development project, or an investment opportunity, properties of this scale and potential are rarely available
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 15, Martins Lane, Ely
Explore nearby