2-bedroom flat · CB1 3FN
For saleReduced £15k (−3.2%) on 23 OctListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern first-floor apartment of 1070 sqft / 99 sqm with undercroft parking and a west-facing Winter Garden, a stone's throw from Cambridge Station, available with no onward chain.
This spacious and well-presented apartment enjoys a prime position just off Cromwell Road, in the heart of CB1.
The accommodation comprises: An entrance hall with utility and storage cupboards, finished with Amtico flooring which continues through to the main reception area.
The open-plan kitchen / living / dining room has Caesarstone worktops, base and eye-level units, and integrated Bosch, Siemens and AEG appliances including fridge/freezer, microwave, oven, induction hob with extractor and dishwasher.
A door from the living area leads to a Winter Garden, benefitting from westerly aspects and access to the principal bedroom.
There is a stylish bathroom, 2 double bedrooms with the master benefiting from an en-suite and Vesta sliding mirrored wardrobes. Outside, the building opens onto a central park and playground area.
No.294 comes with the advantage of undercroft parking which also includes EV charging bays, plus ample bike storage.
Timber Works is a collection of stylish modern homes located close to the vibrant Mill Road area, a bustling community with independent shops, cafes and restaurants, and a short bike ride from Cambridge city centre and the main station.
Set around a beautifully landscaped central park, Timber Works is designed to provide a unique space for owners to thrive in.
There is a children’s nursery and communal outdoor space which gives residents a wide variety of places to meet and enjoy time with friends and neighbours.
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
FAQ
About 294, Clara Rackham Street, Cambridge
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