2 Bed Terraced House, Single Let, Wisbech, PE14 8PA, £140,000

Wisbech Road, Outwell, Wisbech, PE14 8PA - 2 months ago

BTL
ROI: 3%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£100K - £280K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£167,486
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,550

Total Cash In

£40,550

 

 

Cash Out

 

Rent Range

£625 - £1,750

Rent Estimate

£713

Running Costs/mo

£600

Cashflow/mo

£113

Cashflow/yr

£1,355

ROI

3%

Gross Yield

6%

Local Sold Prices

20 sold prices from £100K to £280K, average is £161K. £1.3K/m² to £4.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£102.5K11/210.17 mi1, Lowside, Outwell, Wisbech, Norfolk PE14 8RE2
£100K09/230.17 miPrimrose Cottage, Lowside, Outwell, Wisbech, Norfolk PE14 8RE2
£180K10/230.2 mi65, Isle Bridge Road, Outwell, Wisbech, Norfolk PE14 8RB2
£177.5K07/230.2 mi57, Isle Bridge Road, Outwell, Wisbech, Norfolk PE14 8RB2
£179K01/230.2 mi75, Isle Bridge Road, Outwell, Wisbech, Norfolk PE14 8RB2
£167K12/230.22 mi19, Well Creek Road, Outwell, Wisbech, Norfolk PE14 8SD2
£195K11/230.24 mi31, Church Drove, Outwell, Wisbech, Norfolk PE14 8RH2
£260K12/220.33 mi8, Whetstone Way, Outwell, Wisbech, Norfolk PE14 8RN2
£212.5K07/240.38 mi5, Bridle Close, Outwell, Wisbech, Norfolk PE14 8RT2
£175K02/210.39 mi20, Beaupre Avenue, Outwell, Wisbech, Norfolk PE14 8PB2
£155K04/210.39 mi23, Beaupre Avenue, Outwell, Wisbech, Norfolk PE14 8PB2
£145K07/240.62 mi72, The Russets, Upwell, Wisbech, Norfolk PE14 9AJ2
£150K05/220.62 mi102, The Russets, Upwell, Wisbech, Norfolk PE14 9AJ2
£240K03/240.67 miMon Abri, The Cottons, Outwell, Wisbech, Norfolk PE14 8TL2
£280K06/230.67 miWinterbrook, The Cottons, Outwell, Wisbech, Norfolk PE14 8TL2
£145K03/220.87 mi120, Small Lode, Upwell, Wisbech, Norfolk PE14 9BL2
£135K04/240.87 mi136, Small Lode, Upwell, Wisbech, Norfolk PE14 9BL2
£155K11/200.91 mi33, Listers Road, Upwell, Wisbech, Norfolk PE14 9BW2
£140K12/200.92 mi4, New Road, Upwell, Wisbech, Norfolk PE14 9AB2
£151K11/220.94 miBella Donna Cottage, 79, Town Street, Upwell, Wisbech, Norfolk PE14 9DF2

Local Rents

20 rents from £625/mo to £1.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85006/240 miWisbech Road, Outwell, WISBECH2
£75006/240 miWisbech Road, Outwell, Wisbech3
£89001/250.11 mi-3
£76503/230.12 mi-2
£82506/240.12 miChurch Terrace, Outwell, Wisbech2
£82506/240.12 miChurch Terrace, Outwell, WISBECH2
£1,05006/240.25 miOak Drive, Outwell, Wisbech3
£80006/240.33 mi6 St Andrews Close, Outwell, Wisbech2
£95008/230.37 mi-3
£70004/250.41 mi-2
£62507/240.41 mi-1
£1,30003/230.55 mi-4
£1,00006/230.55 mi-4
£1,75002/240.83 mi-3
£75009/240.86 mi-2
£70005/241.19 mi-2
£70012/241.19 mi-2
£75006/241.33 miNew Bridge Road, Upwell, WISBECH1
£85006/241.37 miMolls Drove, Friday Bridge, WISBECH2
£1,00010/232.24 mi-3

Local Area Statistics

Population in PE14

20,844

Population in Wisbech

56,030

Town centre distance

4.51 miles away

Nearest school

0.20 miles away

Nearest train station

5.62 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £140,000

April 5, 2025

Listed for £145,000

February 28, 2025

Floor Plans

Description

  • Charming end-of-terrace home +
  • Spacious 18ft lounge +
  • Two well-sized double bedrooms +
  • Unexpectedly large rear garden offering great potential +
  • Oil central heating +
  • Great opportunity to add value and personalise +

SUMMARY
Featuring exposed beams, an 18ft lounge, oil central heating, and an unexpectedly large rear garden, this home is full of potential. Damp present on the front wall, but a great opportunity to restore and personalise this cosy and inviting period property.

DESCRIPTION
Step into history with this charming and character-filled two-bedroom end-of-terrace home, set in the heart of the village of Upwell. Dating back to 1870, this home offers a cosy and inviting atmosphere, with period features and an unexpectedly large rear garden-perfect for those looking for a home with charm and potential.

Inside, the property boasts a spacious 18ft lounge, full of warmth and character, with exposed beams adding to its unique appeal. The kitchen area provides a functional space, while the oil central heating ensures comfort throughout the seasons.

Upstairs, you'll find two generously sized double bedrooms, offering plenty of room for a growing family, guests, or a home office. The large rear garden is a wonderful surprise, providing an excellent outdoor space that can be transformed into a beautiful retreat.

Please note: There is damp present on the front wall, which should be considered by potential buyers.

With village charm, period features, and ample outdoor space, this 1870-built character home offers a wonderful opportunity for those looking to add their own touch while enjoying a warm and inviting living space.

Book a viewing today and see the potential for yourself!

Lounge 18' 4" x 12' 1" ( 5.59m x 3.68m )

Kitchen 10' 1" x 7' ( 3.07m x 2.13m )

Bedroom 1 10' 8" x 11' 4" ( 3.25m x 3.45m )

Bedroom 2 9' 11" x 7' ( 3.02m x 2.13m )

Bathroom 

DIRECTIONS
From Wisbech Freedom Bridge roundabout, take the A1101 signposted Downham Market. Proceed to the fourth set of traffic lights and continue straight on. At the roundabout, follow the road straight over and head out of Wisbech towards the village of Outwell. Upon entering the village take note of Bloom & Wake's garage on your left hand side. At the mini roundabout proceed straight on into Wisbech Road.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Wisbech

01945 664477

Next Steps?

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