1-bedroom house · CB1 1LR
Listing removedListed 348 days
Opportunity summary
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About
Epworth Court is a prestigious development of retirement apartments situated off King Street and adjoining Christ's Pieces right in the heart of Cambridge and close to all the facilities the city centre has to offer.
The scheme contains exceptionally well-appointed apartments together with excellent communal facilities including a sun/garden room, residents’ lounge with kitchen, a first-floor balcony overlooking Christ's Piesces, a second-floor meeting room/lounge and covered balcony, laundry, hairdressers, communal gardens and a residents’ parking area.
A lift provides access to the upper floors. This double-bedroom apartment is situated on the ground floor and has a south facing outlook onto Christ's Pieces.
There is good security with an entry-phone system at the main door, a house manager is on hand and help alarms are fitted throughout the apartment and linked to a 24 hour emergency monitoring station.
Entrance Hall With Dimplex storage heater, storage cupboard with coathooks, shelf , electric meter and fuse boxes, airing cupboard with slatted wood shelving and Joule hot water cylinder.
Living Room 4.51 m x 3.19 m (14'10" x 10'6") with Dimplex XLE storage heater, wall lights, bay with glazed doors/window overlooking Christ's Pieces and glazed double doors to Kitchen 2.36 m x 2.33 m (7'9" x 7'8") with good range of fitted wall and base units, fitted worktops and tiled splashbacks, space and plumbing for washing machine, stainless steel sink unit and drainer, built-in Bosch electric oven, John Lewis electric hob with extractor hood over, kickspace electric heater and vinyl flooring Bedroom 3.98 m x 2.77 m (13'1" x 9'1") with electric radiator, large built-in double wardrobe cupboard and window overlooking Christ's Pieces Shower Room easy access shower cubicle with folding seat chrome shower unit and fully tiled surround, wash handbasin with fitted cupboards below, mirror and shaver point over, wall lights, extractor fan, heated towel rail, WC, wall mounted electric convector heater.
Outside Well tended communal garden and parking area. Tenure The property is held on the residue of a 150 year lease from 1988 with a ground rent of £310 per annum.
There is a service charge to include upkeep of the common areas, cost of the manager, buildings insurance, water/service charges etc and this is understood to currently be £3,562.21 per annum.
Note Epworth Court is a retirement complex and occupation of the flats is restricted to persons of 60 years of age and over. Council Tax Band D Viewing By arrangement with Pocock + Shaw
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.
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FAQ
About Flat 9, Epworth Court, King Street, Cambridge
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