Studio flat · CB5 8DD
For saleReduced £25k (−9.1%) on 23 MarListed 467 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This superb first floor studio apartment is positioned within an impressive Georgian House conversion, set back from Maids Causeway, moments from Midsummer Common, the main shopping areas and scenic river walks into the historic centre.
The property is located on the first floor of this attractive period conversion and provides an open plan living/dining/sleeping area with high ceilings, benefitting from a high degree of natural light.
This bright and airy room provides a complete wall bed system with clever storage solutions, a quality and well-equipped kitchen with integrated appliances and a comfortable sitting/dining area.
A stylish and modern shower room with high-end fittings completes the studio.
Outside, there is a large gravelled area to the front, a secure communal bicycle storage and a hardstanding seating area for residents and guests to enjoy.
The property has a strong Airbnb history and generates around £30,000 in rental income per annum.
Location Local shopping 150 yards, city centre (Market Square) 0.5 miles, railway station 1.25 miles (Liverpool Street from 60 minutes, King's Cross from 49 minutes).
Maids Causeway is a convenient, sought-after central location close to Midsummer Common within easy walking distance of the excellent local shopping facilities in Burleigh Street, the Grafton Centre and the Vue cinema complex and also within easy walking distance to the Market Square.
Tenure Leasehold - Share of freehold Lease length – 125 years from June 2021 Service charge is £1100. This is reviewed annually and is adjusted according to associated costs.
This includes communal garden maintenance, heating, cleaning of communal areas, insurance and administration charges. The owner has confirmed that there is no ground rent payable on the property.
There is a residents’ management company. Services Main services connected include: Water, electricity, gas and mains drainage. Statutory Authorities Cambridge City Council.
Council Tax Band - A Fixtures And Fittings Unless specifically mentioned in these particulars, all fixtures and fittings are expressly excluded from the sale of the leasehold interest.
Viewing Strictly by appointment through the vendor’s sole agents, Redmayne Arnold and Harris.
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 Flat 5, Grafton House, 64 Maids Causeway, Cambridge
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