We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · CB1 1BB
Listing removedReduced £15k (−2.7%) on 4 OctListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb, comprehensively refurbished, 3-bedroom, first floor apartment forming part of a gated development with parking and lift access, in a sought-after, central location overlooking an established leafy park.
No onward chain.
Situated within the well-regarded, gated development of Petersfield Mansions, this three-bedroom apartment has recently been comprehensively refurbished to a high standard, offering stylish, well-arranged accommodation with an abundance of light.
The apartment benefits from electric underfloor heating throughout, along with lift access for this particular block.
The spacious entrance hall includes a useful storage cupboard and has access to all rooms.
The superb living/dining room benefits from a west-facing bay window with views over an established green space with Parker’s Piece just beyond.
Stylishly refitted to a high specification, the kitchen/breakfast room has a range of contemporary units with integrated appliances including a fridge/freezer, induction hob with an extractor fan over and a suite of new Bosch appliances - an oven, a dishwasher and a washer/dryer.
There are three bedrooms, all of which include built-in storage, with the master bedroom benefitting from a three-piece ensuite shower room.
Off the hallway is the main shower room, which includes a walk-in shower, floating vanity wash basin unit, WC with a concealed cistern and a heated towel rail.
Both shower rooms have illuminated mirrors and quality Grohe fittings.
Outside, secure electronic gates lead to the parking area, which includes plenty of spaces for visitors and access to the allocated, undercroft parking space.
Residents have access to lockable storage units and secure cycle racks adjacent to the underground car park.
Location Petersfield Mansions is located a short walk from Cambridge city centre, within the established Petersfield area.
The development is positioned just off the vibrant Mill Road, known for its independent shops, cafés, and everyday amenities, and is short distance from Parker’s Piece and Christ’s Pieces, both offering accessible open green space.
Cambridge railway station is a short walk or cycle away, providing regular services to London King’s Cross and Liverpool Street.
The city centre, including the historic colleges of the University of Cambridge, main shopping areas, and cultural venues, is also easily accessible on foot or by bicycle.
The area is well served by local bus routes and benefits from straightforward access to the A14 and M11. Tenure Leasehold - Share of freehold. Lease is 999 years in length with 967 years remaining.
Service Charge is £2600.00 per annum. This is reviewed annually and adjusted according to associated costs. Ground Rent is £200.00 per annum. This is reviewed every 25 years.
This is adjusted at each review in line with the Retail Price Index.
As the leaseholders own the freehold, the practice is to take the ground rent and pay it back into the income and expenditure accounts to offset against maintenance charges.
Services Main services connected include: Water, electricity, and mains drainage. There is no gas at the property. Statutory Authorities Cambridge City Council.
Council Tax Band - F Fixtures And Fittings The vendor inform us that all fixtures and fittings are included in the sale of the leasehold interest.
Viewing Strictly by appointment through the vendor’s sole agents, Redmayne Arnold and Harris.
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.
Area
Agent & docs
.png)
FAQ
About 45, Petersfield Mansions, Cambridge
Explore nearby