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See how verdicts work2-bedroom detached house · PE16 6BG
For saleReduced £35k (−9.7%) on 7 OctListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire this versatile commercial/residential property, ideally situated within a prominent High Street location.
The property offers an excellent combination of commercial income and spacious residential accommodation, making it an appealing proposition for investors or owner-occupiers alike.
The ground floor shop premises are currently let, generating a rental income of £700 per calendar month, providing an immediate income stream.
The first-floor apartment is generously proportioned and offers well-presented accommodation comprising a kitchen/breakfast room, spacious lounge/diner featuring a stunning fireplace, separate home office, re-fitted bathroom and two good-size double bedrooms.
All windows benefit from secondary glazing. Externally, the property benefits from a large roof terrace that could convert into a fantastic roof garden.
In addition, a separate ground floor patio garden provides private outdoor space.
A rare opportunity to acquire this versatile commercial/residential property, ideally situated within a prominent High Street location.
The property offers an excellent combination of commercial income and spacious residential accommodation, making it an appealing proposition for investors or owner-occupiers alike.
The ground floor shop premises are currently let, generating a rental income of £700 per calendar month, providing an immediate income stream.
The first-floor apartment is generously proportioned and offers well-presented accommodation comprising a kitchen/breakfast room, spacious lounge/diner featuring a stunning fireplace, separate home office, re-fitted bathroom and two good-size double bedrooms.
All windows benefit from secondary glazing. Externally, the property benefits from a large roof terrace that could convert into a fantastic roof garden.
In addition, a separate ground floor patio garden provides private outdoor space. There is a luxury shed that could be converted to an outside office.
There is also the valuable benefit of off-road parking.
With its prominent High Street position, existing commercial income, spacious apartment and excellent outside space, this is a particularly interesting and versatile property that is sure to attract considerable interest.
Ground Floor Shop Area 7.41m (24'4") x 5.50m (18'1") Double bay front with central entrance door.
Office 3.95m (13') x 3.89m (12'9") Bay window to side, original fireplace WC 2.59m (8'6") x 2.26m (7'5") Fitted with a low level wc and hand wash basin. Disability friendly. Window to side.
Kitchen 3.83m (12'7") x 2.15m (7'1") Fitted with a modern range of wall and base units with single sink and drainer, space for under counter fridge, window to rear First Floor Kitchen/Breakfast Room 3.95m (13') x 3.90m (12'10") Fitted with a matching range of wall and base units housing single sink and drainer, freestanding electric cooker, space for fridge/freezer, window to side Lounge/Dining Room 6.11m (20'1") x 3.59m (11'9") Window to front, original fireplace with potential to open Office 2.36m (7'9") x 1.99m (6'6") Window to side Bedroom 1 4.83m (15'10") x 2.85m (9'4") Window to front Bedroom 2 3.74m (12'3") max x 3.63m (11'11") max Window to side, original fireplace Bathroom 2.27m (7'5") x 1.76m (5'9") Fitted with a three piece suite comprising panelled bath with mixer tap shower, mid level wc and hand wash basin.
Window to rear. Outside The property has a pedestrian access via a passage to one side of the property and a vehicular access to the rear.
There are two parking spaces which are currently both used by the flat. The patio garden has been beautifully landscaped with raised borders.
The luxury shed has 3x windows to the side, power and light. There is also a utility which has butler sink, plumbing for washing machine, space for tumble drier plus plenty of storage.
Stairs rise to the roof terrace which provides access into the apartment. Services Mains gas, electricity, water and drainage. The apartment has gas fired central heating.
The retail premises have electric heating plus air conditioning. Tenure Freehold EPC C/D Council Tax Band B Buyer id Checks To meet legal requirements, we must verify the identity of all buyers.
Our partner, Simplify, will handle this process and will contact you directly once your offer is accepted, subject to contract, to collect the necessary details and payment.
The cost is £66.67 plus VAT per transaction (£80 inc VAT), payable upon offer acceptance. A memorandum of sale can only be issued once these checks are complete.
Our team will guide you through the process when you make an offer on a property.
Disclaimer All property details, photographs, floorplans, and other marketing materials produced by Ellis Winters are for general guidance only and do not form part of any contract.
While we strive for accuracy, measurements, descriptions, and other information are provided in good faith but should be independently verified.
We recommend that prospective buyers conduct their own due diligence before making any decisions.
Ellis Winters also provides professional Lettings, Property Management, Estate Management and Block Management services.
Whether you are considering renting your property to support your next move, exploring buy-to-let opportunities, seeking a review of your existing portfolio, or looking for expert management support, our experienced team is on hand to assist.
Please contact us using the details above to discuss your requirements.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 28, High Street, Chatteris
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