Bays Farmhouse, Adventurers Drove, Pymoor, Ely, Cambridgeshire

Description

A detached four bedroom chalet house set in 0.33 of an acre (stms) in need of renovation and building works. This four bed detached chalet house with some structural damage set in 0.33 of an acre (stms) in a very rural location. The house offers two reception rooms, kitchen, utility, two ground floor bedrooms and a bathroom with two bedrooms on the first floor. Outside a shared driveway leads to a parking area and a brick built store. There is a lawned area to front and rear. An engineers report is available for inspection.

Accommodation

Ground Floor: Hall, sitting room, family room, kitchen, utility room, two bedrooms, bathroom. First Floor: Landing and two bedrooms. Outside: Shared drive to a parking area and a store building, lawns to the front and rear.

Location

Oxlode is a hamlet North West of Ely. Ely provides a variety of facilities and a main line rail link into Cambridge and London Kings Cross.

Tenure / Property Information

Investment Analysis

The evidence is limited and not directly comparable by size, specification or condition. Bays Farm House sold for £190,000 in 2003, Mandalay on the same road sold for £295,000 in 2018, and Beech House sold for £540,000 in 2025. The subject has reported structural damage and requires renovation/building works, so these sales provide only a broad local indication rather than a formal valuation. A base GDV of £295,000 is used as an indicative midpoint, with a wide evidence-based range of £190,000 to £540,000.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-and-hold or BRRR opportunity only after reviewing the engineers report, legal pack and a fully priced structural and renovation budget. Do not rely on the asking rent or headline GDV without confirming condition and resale evidence.

Works Required

Obtain and act on the available engineers report, investigate and remedy the reported structural damage, and complete the renovation and building works required to make the four-bedroom chalet house habitable. The evidence does not quantify the scope or cost of works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the lower guide price, the purchase would also incur the stated £2,400 buyer premium and administration charge, plus any legal-pack disbursements and other charges. A 75% refinance against the indicative £295,000 base GDV would be £221,250, but cash left in cannot be calculated because the works cost and full acquisition costs are unknown. The engineers report and a priced works schedule are essential before bidding.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,350 pcm, equivalent to £16,200 annually; achieved rent is not evidenced. Against the £160,000 to £180,000 guide range, the indicative gross yield is approximately 10.13% to 9.00%, before works, finance, voids, management, maintenance and other costs. The unknown structural and renovation costs prevent a reliable net return assessment.

Flip Analysis

A flip may have apparent headroom against the indicative £295,000 base GDV, but the refurbishment cost, selling costs, finance costs, tax and any structural remediation are not supplied. The wide £190,000 to £540,000 comparable range and the condition uncertainty mean that a reliable resale surplus cannot be calculated.

Investor Risks & Due Diligence

• Reported structural damage with an engineers report required for proper assessment.

• Renovation and building works are required, but their scope and cost are not provided.

• The rental figure is an advertised asking rent rather than achieved passing rent.

• Shared driveway arrangements may require review in the legal pack.

• Buyer premium and administration charge total £2,400, with additional possible disbursements and other charges.

• The available sales vary materially in date and property identity, so GDV evidence is not directly comparable.

Recommendation

Potential refurbishment-and-hold or BRRR opportunity only after reviewing the engineers report, legal pack and a fully priced structural and renovation budget. Do not rely on the asking rent or headline GDV without confirming condition and resale evidence.

Strategy Rating

Analysis Confidence

There are several local completed sales and one rental asking figure, but the comparable property details, structural report, works scope, achieved rent, full acquisition costs and selling costs are unavailable.