Summary - 24 ST MARYS SQUARE NEWMARKET CB8 0HZ
6 bed 3 bath Terraced
Large Victorian townhouse with HMO potential, courtyard and convertible outbuilding close to station.
6 double bedrooms — 6–8 bed HMO potential, licence pending
A substantial six-bedroom Victorian mid-terrace set in central Newmarket, offered chain-free and with a pending HMO licence—ideal for an investor or landlord seeking immediate rental income potential. The property measures approximately 1,711 sq ft across multiple storeys, includes one bathroom and two shower rooms, and comes with a small private courtyard and an outbuilding ready for conversion into a self-contained studio.
The house requires renovation and general maintenance: solid brick walls likely lack insulation, there are visible signs of neglect in the courtyard, and the property is described as needing a little TLC. EPC D and medium flood risk are noted; local crime levels are above average. These factors affect running costs and insurance considerations but are offset by low council tax, freehold tenure, and walkable access to the train station (under 10 minutes).
Being sold at auction with a starting bid of £350,000, the sale process is rapid and conditional on auction terms. Successful bidders should expect immediate exchange requirements, a non-refundable deposit on exchange, and a reservation fee on completion—factor these into purchase costs. For a buyer prepared to refurbish, this property presents strong HMO or multi-occupancy upside and conversion potential with the outbuilding.
This is a practical, opportunity-led proposition rather than a move-in-ready home. Its strengths are location, size, and reconfiguration potential; its drawbacks are the renovation scope, statutory/licensing steps, and local area challenges. Suitable buyers are investors, developers, or landlords comfortable managing renovation, HMO licensing, and auction purchase mechanics.
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8 bedroom detached house for sale in The Avenue, Newmarket, Suffolk, CB8 — £1,195,000 • 8 bed • 7 bath • 5201 ft²
3 bedroom terraced house for sale in Lisburn Road, Newmarket, CB8 — £335,000 • 3 bed • 2 bath • 1018 ft²
6 bedroom house of multiple occupation for sale in Park Lane,Park Lane,Newmarket, CB8 — £375,000 • 6 bed • 2 bath • 1259 ft²
5 bedroom house of multiple occupation for sale in Lisburn Road,Newmarket, CB8 — £325,000 • 5 bed • 2 bath • 710 ft²
