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See how verdicts work2-bedroom flat · CB24 3ER
Listing removedListed 471 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold The property was built in 2013 and is situated next to a small green. The bedrooms and lounge/kitchen/diner all have windows facing south-west letting in plenty of natural light.
The accommodation comprises of an internal hallway which has double built in storage cupboards.
A master bedroom with a built-in double wardrobe and ensuite shower room, a second double bedroom, and a three piece family bathroom.
There is a bright and spacious kitchen/dining/living room with twin aspect windows and Juliet balcony.
The kitchen comprises a range of wall and base units in a white finish with an oven, hob and matching extractor hood over, a freestanding fridge/freezer and washing machine and wall-mounted boiler.
Open plan to the kitchen is a lounge/dining area which a comfortable space for sofas and with views over the green area to the side.
The building is surrounded by well-maintained gardens and one allocated off-street parking space, with further on street parking available to the front.
Lease The lease expires 2163 (138 years) Ground rent £150 pa set, paid 1 Jan annually Service charge - £2,316 paid annually in 2 instalments Location Longstanton is an area of interest to many buyers from Cambridge because of the advantage of the guided busway which runs every 7 minutes into Cambridge and then onto Cambridge station and Addenbrooke's hospital.
The village is also only 2.5 miles from the A14 and 5 miles from the M11. There is a good community spirit within the village which holds various events including a local market and summer fayre.
You can also find regular events and classes at the primary school or Northstowe Secondary School and regular sports events are held at the recreation ground and The Pavilion.
Facilities in Longstanton include two nurseries (one private, one preschool at the primary school), a primary school, a village institute, doctors and dentist surgery, veterinary surgery, public house, village store with post office, fish and chip shop and a co-operative store.
There are several parks and a large green space, Northstowe Western Park, offering recreational activities within a minute’s walk.
The village will benefit further from a wider choice of facilities on offer from the neighbouring purpose-built town of Northstowe that is currently in development. EPC Rating: B
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 73 Mitchcroft Road, Cambridge
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