2-bedroom flat · CB7 4FJ
Sold STCListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique centrally located first floor apartment, ideally positioned within walking distance of the railway station.
The property has been comprehensively refurbished and upgraded to an exceptional standard by the current owner.
Forming part of an exclusive conversion completed in 2022, the apartment is offered with no upward chain.
Upgrades include Miele appliances, luxurious Porcelanosa bathrooms, solid oak floors, thermal and black out blinds, maximised storage, water softener and nest thermostat.
Professionally painted/decorated throughout. Finished to a high specification, early viewing is strongly recommended to fully appreciate the quality and attention to detail on offer.
The accommodation comprises an entrance hall, a spacious open-plan kitchen/dining/living area, two bedrooms (including a principal bedroom with en-suite), and a separate contemporary shower room.
Externally, the property benefits from an allocated parking space to the rear. Communal Hall With lift and stairs leading to the first floor.
Entrance Hall With solid oak flooring, cupboard with light and housing the hot water cylinder and water softener, additional shelved cupboard, radiator.
Shower Room Refitted Porcelanosa suite comprising walk-in shower with stone resin non-slip tray, wall-hung 2-drawer vanity unit with basin, built-in WC, Porcelanosa tiling, fitted mirror with lighting, deep shelved cupboard, heated towel rail.
Kitchen / Dining / Living Room Kitchen Area.
Refitted with a range of contemporary wall and base level storage units and drawers, together with Silestone worktop and under mounted sink, fitted energy efficient and quiet Miele appliances including combination microwave/oven, induction hob, dishwasher, fridge and freezer, utility cupboard with Miele washing machine and tumble drier, pantry cupboard with pull-out drawers and bin drawer with removeable recycling bins, solid oak flooring.
Leading into: Dining/Living Area.
With French doors to front and side aspects with Juliet balconies with custom made thermal blinds and additional black-out roman blinds, fold-down computer desk, solid oak flooring, radiator.
Bedroom 1 With tall custom made mirror with concealed cosmetics drawers, range of fitted wardrobes with built-in drawers, 2 sets of French doors with custom made thermal blinds and additional black-out roman blinds, solid oak flooring, radiator.
Ensuite Refitted with a superb Porcelanosa suite consisting of a bath with shower above, wall-hung 2-drawer vanity unit with wash basin, built-in WC, mirror with lighting, Porcelanosa tiling, corner cabinet, heated towel rail.
Bedroom 2 With French doors with Juliet balcony with custom made thermal blinds and additional black-out roman blinds, solid oak flooring, radiator.
Outside To the rear of the building there is a residents car park with the apartment having an allocated space. Agents Note The property has the benefit of a 'Nest' controlled heating system.
Tenure Leasehold. We understand the original 999 year lease commenced on the 1st January 2021.
The vendors advise that there is a £0 'peppercorn' ground rent and a service charge payable currently in the sum of £2,477.66 per annum. Viewing Arrangements Strictly by appointment with the Agents.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Apartment 17, The Old Tannery, 2, Broad Street East, Ely
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