Mereside, Soham, Ely
CH

Mereside, Soham, Ely

By Cheffins Residential

£ 450,000

Reviews

2 out of 5 stars

Cheffins Residential says ..

Are you looking for a project? Look no further than this deceptively spacious, detached family home located in the popular village of Soham. This individual home offers 4 good sized bedrooms, the master benefitting from an en-suite wc, there is a small shower room accessed by the main ha...

Property Oracle says ..

This four-bedroom, two-bathroom detached bungalow in Soham, Cambridgeshire, presents a mixed bag of opportunities and challenges. The property benefits from a location with access to schools, including some with ‘Good’ Ofsted ratings and a reasonable distance to Ely and Cambridge. This would appeal to families and commuters. However, the visual condition requires extensive work. The interior decor is dated, and the exterior garden is severely overgrown and unkempt, needing extensive landscaping efforts. The provided images present a ‘before’ picture of a property that with investment could be significantly improved.

The listing highlights this as a ‘project’ for potential buyers. The lack of precise plot size and the discrepancy in square footage information compared to other local listings introduce uncertainty into the valuation. A professional survey and up-to-date square footage measurement are crucial before making a purchasing decision. The list price should be reviewed carefully to account for necessary updates and compared against accurately measured properties in the neighborhood.

Overall, this property offers potential but requires substantial investment in renovation and modernization. Potential buyers must carefully consider the scope and cost of this work before proceeding. The area itself has positive characteristics, however, the property is in need of significant investment and careful planning is required before purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
3
Bedrooms
4
Bathrooms
2
Sqft (est)
1,794.20

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
395,833.00 £
Increased by 29.52 %
from 305,627.00 £
Est sale value
936,572.40 £
Increased by 1,238.46 %
from 69,973.80 £
Average area rental value
1,988.00 £/mo
Increased by 60.06 %
from 1,242.00 £/mo
Est letting value
3,588.40 £/mo
from 0.00 £/mo
Est rental Yield
6.03 %
Increased by 23.57 %
from 4.88 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Cheffins Residential marked this listing as sold.

  • Cheffins Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
Soham Child And Family ZoneChildren's Centre1.03 KM
The Shade Primary SchoolAcademy Sponsor LedGood1.14 KM
The Weatheralls Primary SchoolAcademy Sponsor LedRequires improvement1.34 KM
Soham Village CollegeAcademy ConverterGood1.74 KM
St Andrew'S Cofe Primary SchoolAcademy ConverterGood1.87 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
The Birches £ 435,00000.00 KM
Station Road £ 000.00 KM
Pratt Street £ 000.00 KM
Bell Gardens £ 350,00000.00 KM
Cornwell Close £ 117,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Ely7068ELY8.79 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mereside Soham, Ely, CB7 £ 680,000BUY7 / 100.07 KM
Heron Croft, Soham, Ely, Cambridgeshire, CB7 £ 250,000BUY6 / 100.11 KM
Heron Croft, Soham £ 260,000BUY6 / 100.11 KM
Heron Croft, Soham £ 260,000BUY7 / 100.13 KM
Teal Avenue, Soham, CB7 £ 325,000BUY7 / 100.19 KM

Nearby Properties

AddressPriceDistance
46 Heron Croft £ 230,0000.11 KM
99 Heron Croft £ 161,0000.11 KM
56 Heron Croft £ 115,0000.11 KM
83 Heron Croft £ 66,0000.11 KM
52 Heron Croft £ 115,0000.11 KM