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See how verdicts work2-bedroom flat · CB7 4HG
Listing removedReduced £15k (−4.8%) on 21 JunListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cheffins are delighted to offer to the market this well presented second floor apartment, located centrally within the popular City of Ely.
The property comprises 2 double bedrooms, a 3-piece bathroom suite and an open plan lounge/kitchen/dining room with Juliet balcony.
Outside there is secure under cover parking and the use of communal cycle and bin stores.
The property is located in close proximity to amenities and only a short walk to the riverside and mainline railway station. For further information or to arrange a viewing, please contact us today.
Hallway With door to front, doors to living area, bathroom and bedrooms. Bedroom 2 With window to rear, radiator. Bedroom 1 With doors to rear onto a Juliet balcony, radiator.
Bathroom Fitted with a 3-piece suite comprising of low level WC, vanity wash hand basin and panelled bath with shower and shower screen. There is also a heated towel rail.
Open Plan Lounge / Kitchen / Dining Fitted with a range of base and wall units, cupboards and drawers with work surfaces over, single oven, 4-ring electric hob with extractor hood over, inset stainless steel sink unit with mixer tap, integrated fridge/freezer, integrated dishwasher, airing cupboard housing the boiler, door to rear onto a Juliet balcony, radiator.
Outside There is 1 allocated covered secure off road parking space and the property benefits from the use of covered communal cycle and bin stores Tenure Leasehold.
We understand there are approximately 994 years remaining of the original 999 year lease.
We understand there is a combined service charge/ground rent payable currently in the sum of £1300.34 per annum payable to hml Group. Viewing Arrangements Strictly by appointment with the Agents.
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
Agent & docs
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FAQ
About 10 The Old Tannery, 38, Forehill, Ely
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