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 work2-bedroom flat · CB2 8AN
Sold STCListed 37 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful and rarely available share of freehold ground floor apartment situated in a leafy highly desirable city location.
This sought after Eric Lyons Grade II Listed development enjoys access to beautifully mature gardens with abundant wildlife and benefits from bright and generous living accommodation throughout.
Offered chain free. Communal Entrace Door Entrance hall with private storeroom adjacent to the apartment front door, with space for a washing machine/dryer and storage.
Apartment Front Door Into: Entrance Hall Built-in storage cupboard, obscured glazed door leading into open plan living room.
Kitchen Generous size, partially obscure double glazed windows to the front aspect, range of base and eye level units, stainless steel sink, space for cooker and splashback tiles behind, part tiled wall, space for freestanding fridge/freezer, space for washing machine/dryer.
Living Room Bright and well proportioned, double glazed floor to ceiling windows with views over the adjoining communal gardens, door leading into gardens.
Mini Hallway With airing cupboard, built-in shelving, door into: Bedroom 1 With double glazed windows to the front aspect overlooking the gardens, integrated double wardrobe with sliding doors.
Bedroom 2 With double glazed windows to the rear aspect, built-in storage cupboard.
Family Wet Room Electric shower with shower above, tiled wall, obscure windows to the rear aspect, ceramic wash basin with splashback tiles, low level w.c., vanity cupboard space.
Outside Car park with unallocated parking. Overflow car parking. Street parking further down Newton Road.
Agents Note Tenure - Leasehold plus Share of Freehold Length of Lease - 973 Years Remaining Annual Ground Rent - £0 Annual Service Charge - £3,000
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 2 Applecourt, Newton Road, Cambridge
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