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 house · CB1 3NT
Sold STCListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This attractive two bedroom semi-detached home has been thoughtfully arranged to provide bright, modern living with a strong sense of space throughout.
The ground floor centres around a generous open-plan kitchen/living/dining area, designed as the heart of the home and featuring doors opening out to the rear garden - ideal for both everyday living and entertaining.
A welcoming entrance hall and downstairs cloakroom complete the accommodation on this level.
Upstairs, there are two well proportioned bedrooms served by a contemporary family bathroom, offering comfortable and practical accommodation suited to a range of lifestyles.
Outside, the property benefits from a private rear garden and off-road parking, creating a superb balance of indoor and outdoor living.
Lanterns is located in a well-connected and sought-after area of Cambridge, offering a prime location for both professionals and families.
The development is ideally positioned just 1.3 miles from Cambridge Train Station, providing convenient access to London and other major cities.
Addenbrooke’s Hospital, one of the leading medical centres in the region, is only about a mile away and easily reachable by foot, bike, or a short bus ride.
The area is also well-served by public transport, with frequent bus services running along Perne Road and nearby routes.
Residents will enjoy excellent access to several supermarkets within a short drive or cycle.
The vibrant Cambridge city centre is approximately 2 miles away, offering a rich mix of shopping, dining, and cultural attractions.
Whether commuting, studying, or enjoying the city’s green spaces and historic charm, Perne Road provides a balanced lifestyle with convenience at its core.
Disclaimer – The images shown are of a previous show home by Blues Property and are for illustrative purposes only, are not plot specific and may vary from finishes within individual properties.
The information given is without responsibility on the part of the agent (sellers) and you should not rely on the information being factually accurate about the property.
Neither Carter Jonas llp nor anyone in its employment or acting on its behalf have the authority to make any representation or warranty in relation to this property.
The areas, measurements and distances are approximate only.
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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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
Agent & docs
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FAQ
About Plot 3 The Lanterns, 195, Perne Road, Cambridge
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