Pocock & Shaw says ..

Property Oracle says ..

Ely is a popular and desirable city in Cambridgeshire, known for its historic cathedral and charming atmosphere. The property’s location on Silver Street places it within easy reach of Ely city centre, offering convenient access to shops, amenities, and the train station providing links to Cambridge and London. The proximity to King’s Ely, a well-regarded independent school, further enhances its appeal to families.

The property’s condition appears to require significant renovation. The interior images reveal outdated fixtures, worn carpets, and some damage to walls. The kitchen and bathrooms are particularly dated. The exterior, while showing some signs of age, appears structurally sound. However, the overall impression is one of a property needing considerable modernisation to meet contemporary standards.

The property benefits from a substantial garden, offering ample outdoor space. The garden includes mature trees and a large outbuilding, potentially suitable for conversion or use as a workshop. The size of the garden adds to the property’s overall appeal.

The list price of £725,000 is significantly higher than the average property price in the area (£399,965). While nearby comparable detached properties are listed at higher prices, the condition of this property needs to be factored in. Considering the extensive renovation needed, the list price may be considered high relative to the current state of repair. A more accurate valuation would require a detailed survey and assessment of the necessary works. The lack of square footage information for this property and others in the area makes a precise price-per-square-foot comparison difficult. However, the limited data available suggests that the property is at the higher end of the market in Ely.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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