2-bedroom flat · CB7 4GQ
For saleListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IDEAL INVESTMENT OPPORTUNITY OR FIRST TIME PURCHASE.
A detached first floor apartment built over 4 garages offering excellent accommodation comprising:- ground floor entrance hall, landing, sitting/dining room, kitchen/breakfast room, 2 good sized bedrooms and a bathroom.
Heating is gas fired to radiators and the windows are sealed unit double glazed. There is also a single garage and allocated parking space.
Mains water, electricity, gas and drainage are connected to the property.
The property is leasehold with an original 155 year lease, granted on the 01/01/2006, of which there are approximately 135 years remaining.
Ground rent payable is currently £235.27 and there is an annual service charge which is currently £662.19. The Council Tax rating is currently Band B and the EPC is rating is currently Band C.
Merivale Way is well placed for access to the city centre, primary and secondary schools and Ely leisure, a complex on the western outskirts of the city, which includes various eating establishments, cinema, sports centre, swimming pool together with sporting activities including golf, squash and tennis.
Ely offers a good range of day-to-day amenities, several weekly markets and a mainline railway station with services to Cambridge, London, Birmingham and the north.
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
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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.
Area
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FAQ
About Merivale Way, Ely
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