Modern Method of Auction
Auction date not yet published
2-bedroom terraced house · CB1 2LD
For saleReduced £25k (−5%) on 14 OctListed 44 days
Opportunity summary
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About
Key Features - Victorian end-of-terrace home - Approx. 871 sq. Ft. (80.9 sq.
M.) of accommodation - Two double bedrooms - Separate living room and dining room - Useful cellar providing excellent storage - Private enclosed rear garden - Spacious principal bedroom - Scope to modernise and add value (subject to any necessary consents) - Walking distance to Cambridge Railway Station - Sought-after Romsey Town location - Close to Mill Road amenities, city centre and Biomedical Campus - No onward chain - New Vaillant boiler installed November 2024 (under warranty) - Loft insulation upgraded to current standards Situated in the heart of the highly desirable Romsey Town district, this charming two-bedroom Victorian end-of-terrace home offers approximately 871 sq.
Ft. (80.9 sq. M.) of well-proportioned accommodation, together with a useful cellar and private rear garden.
The property is approached via an entrance hall leading to a bright front living room with a separate dining room beyond, creating versatile reception space ideal for both everyday living and entertaining.
To the rear, the kitchen overlooks the garden and provides direct access outside. Beneath the property is a substantial cellar, offering excellent storage and potential for a variety of uses.
The first floor comprises two generous double bedrooms, including a particularly spacious principal bedroom extending across the full width of the property, together with a family bathroom.
Outside, the enclosed rear garden enjoys a good degree of privacy and features mature trees, established planting and a combination of patio and gravelled areas, providing an attractive setting for outdoor dining, entertaining or gardening.
Norfolk Street is one of Cambridge's most sought-after residential addresses, ideally positioned within walking distance of Mill Road's renowned independent shops, cafés and restaurants.
Cambridge Railway Station, the city centre, Addenbrooke's Hospital and the Biomedical Campus are all readily accessible, making this an excellent choice for professionals, commuters and investors alike.
Offering character, potential and an exceptional location, Norfolk Street represents a rare opportunity to acquire a Victorian home in one of Cambridge's most vibrant and well-connected neighbourhoods.
Location Norfolk Street enjoys an enviable position within the heart of Romsey Town, a thriving and highly regarded community just south-east of Cambridge city centre.
The area is renowned for its independent shops, artisan cafés, popular pubs and restaurants along nearby Mill Road.
Cambridge Railway Station is within easy walking distance, providing regular services to London King's Cross and Liverpool Street, while the city's historic centre, Addenbrooke's Hospital and the Biomedical Campus are all easily reached by foot or bicycle.
The area also benefits from excellent schooling, nearby green spaces and a strong sense of community, making it one of the city's most desirable places to live.
Agents Note: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £345.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About 87, Norfolk Street, Cambridgeshire
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