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See how verdicts workStudio flat · CB4 1JT
Listing removedListed 114 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first-floor studio apartment, requiring updating, offered with no onward chain, in a fantastic location within walking distance of both the river and the city centre.
Offering scope for modernisation and personalisation, this property represents an excellent opportunity for first-time buyers or investors alike.
The apartment has a well-designed layout that makes excellent use of the available space.
The kitchen is fitted with an integrated hob and oven, with space for an under-counter fridge-freezer, along with a range of worktops and storage cupboards.
The bright and spacious studio room benefits from a large window providing plenty of natural light, while two built-in cupboards offer excellent storage.
The bathroom is fitted with a bath with a shower over, a WC and a wash basin. Residents benefit from parking within the development and an on-site laundrette.
Agents note: The property has a non-qualifying lease, so is not covered by the protection contained within the Building Safety Act 2022.
We are advised by the managing agent that the building has been assessed and does not require an EWS1 or remedial works. Further details are available.
Lease information: - 136 years remaining on lease - Ground rent: £100 ground per annum - Service charge: £2,820 per annum // Early.steep.trial
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
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FAQ
About Flat 104 Mayflower House, Manhattan Drive, Cambridge
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