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See how verdicts work2-bedroom flat · CB1 3PG
For saleReduced £15k (−4.4%) on 10 OctListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
66 Bailey House is a well-proportioned two-bedroom ground-floor apartment offering around 63.2 sq m (680 sq ft) of accommodation, with its own sheltered outside space and a layout that makes good use of the available floor area.
The combination of two bathrooms, a generous main living space and direct access outside gives it a degree of practicality that should suit buyers looking for a manageable Cambridge home without compromising too heavily on day-to-day space.
The entrance hall provides useful separation between the bedrooms and living accommodation.
Bedroom one is the larger of the two and has its own en-suite shower room, while the second bedroom is sufficiently independent to work well for a child, guest or as a dedicated home office.
There is also a separate bathroom, an important advantage in a two-bedroom apartment and particularly useful where the second room is regularly occupied.
The main living and dining room is the strongest part of the plan.
At approximately 16'10" in length, there is comfortable space for both seating and a dining table, rather than asking one area to perform both roles.
The kitchen is arranged openly alongside it, keeping the principal accommodation sociable while retaining a clearly defined cooking area.
Timber flooring runs through much of this space, and glazed doors together with an additional full-height window bring in natural light and connect the room directly with the outside.
That outside space is particularly useful for an apartment of this type.
It is sheltered by the structure above and enclosed by established planting, providing room for outdoor seating without the maintenance commitment of a conventional garden.
The principal bedroom also appears to have direct access to this area. The lease has about 125 years remaining.
The owners pay a ground rent of £300 pa and the most recent yearly service charge is £3000 pa.
Rustat Avenue is a convenient residential area, which lies between Mill Road, Hills Road and Cherry Hinton Road. The property is situated less than 2 miles from Addenbrooke's Hospital.
Cambridge railway station is reached on foot or cycle by way of a cycle bridge about 200 metres distance, which crosses the railway line and descends into the station grounds.
Coleridge Recreation ground is just a few minutes walk away and includes a paddling pool, splashpad and children's playground, as well as a football field and tennis court facilities.
Cambridge Leisure, a multi-screen cinema and bowling alley complex has a number of well known restaurants and a popular live music/comedy venue, The Junction is within the immediate vicinity.
Supermarket shopping is also available at Cambridge Leisure with Tesco and Sainsbury's mini supermarkets.
The railway station has mainline services into London's King's Cross and Liverpool Street stations from around 48 minutes.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 66, Bailey House, Rustat Avenue, Cambridge
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