Fordham Road, Newmarket, CB8
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Fordham Road, Newmarket, CB8

By The Good Estate Agent

£ 850,000

Reviews

2 out of 5 stars

The Good Estate Agent says ..

The Good Estate Agent are proud to present to the market this Five Bedroom detached house with a One bedoom annexe thats situated on the outskirts of  the renowned racing town of Newmarket. 

Property Oracle says ..

The property is located on Fordham Road, Newmarket, which is in the East Cambridgeshire district of Cambridgeshire. The location is reasonably close to Newmarket, a town with amenities such as shops and transportation links via Greater Anglia train services. There are also several schools within a reasonable distance, including Laureate Community Academy, Fordham Cofe Primary School, and Exning Primary School, with varying Ofsted ratings. However, the immediate surroundings of the property, as shown in the aerial photographs, appear to be adjacent to industrial units and some areas of apparent disrepair and litter. This proximity to industrial units may detract from the desirability of the location for some buyers.

Based on the provided aerial photographs, the property’s condition appears to be below average. The property shows signs of needing significant maintenance and potential repair work, both internally and externally. The grounds also appear somewhat unkempt and require attention. The overall impression is one of a property requiring considerable investment to bring it up to a good standard.

The property has a plot size of 3,097.85 sqft, which suggests a reasonable amount of land. The presence of a garden is evident from the photographs, though its current state requires improvement. The size of the plot could be a positive aspect for potential buyers, depending on their needs and preferences.

The list price of £850,000 seems high considering the property’s apparent condition and location issues. While the size of the property and land are positive attributes, the necessary repairs and the proximity to industrial units could significantly impact the property’s value. Further information on the average price per square foot in the immediate area would be beneficial in determining a more accurate assessment of the list price. The lack of comparable properties with square footage data in the provided nearby listings makes a precise price comparison challenging. However, comparing the list price to other nearby properties suggests that it may be overpriced relative to its condition and immediate surroundings.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
4
Location
5
Land
6
Bedrooms
5
Bathrooms
3
Sqft (est)
2,541.04
Lot (est)
3,097.85

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
376,250.00 £
Decreased by 3.23 %
from 388,789.00 £
Est sale value
1,517,000.88 £
Increased by 77.68 %
from 853,789.44 £
Average area rental value
1,925.00 £/mo
Increased by 9.38 %
from 1,760.00 £/mo
Est letting value
7,623.12 £/mo
Increased by 200.00 %
from 2,541.04 £/mo
Est rental Yield
6.14 %
Increased by 13.08 %
from 5.43 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • The Good Estate Agent marked this listing as sold.

  • The Good Estate Agent created the listing.

Nearby Schools

NameTypeOfstedDistance
Laureate Community AcademyAcademy ConverterGood2.93 KM
Fordham Cofe Primary SchoolVoluntary Controlled SchoolOutstanding3.22 KM
Exning Primary SchoolCommunity SchoolOutstanding3.30 KM
Paddocks Primary SchoolCommunity SchoolGood3.63 KM
Newmarket AcademyAcademy Sponsor LedGood3.65 KM

Images

Nearby Transport

NameNLCTLCDistance
Newmarket7038NMK5.21 KM
Dullingham7027DUL9.48 KM

Nearby Listings

AddressPriceTypeScoreDistance
Fordham Road, Newmarket, CB8 £ 850,000BUY4 / 100.00 KM
Fordham Road, Newmarket, CB8 £ 510,000BUY7 / 100.02 KM
Church Lane, Snailwell, Newmarket, Cambridgeshire, CB8 £ 2,750,000BUY8 / 101.46 KM
Short Road, Snailwell, CB8 £ 415,000BUY7 / 101.56 KM
Short Road, Snailwell, CB8 £ 425,000BUY8 / 101.56 KM

Nearby Properties

AddressPriceDistance
1 Church Lane £ 820,0001.44 KM
9 Church Lane £ 700,0001.44 KM
38 The Street £ 357,0001.68 KM
1 The Street £ 400,0001.68 KM
32 The Street £ 350,0001.68 KM