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See how verdicts work2-bedroom flat · CB7 4DE
For saleReduced £10k (−3.3%) on 7 AugListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cheffins are delighted to offer to the market the rare opportunity to purchase this stunning penthouse apartment located in the prestigious City of Ely overlooking both Ely Cathedral and Kings School sports field.
The property offers a communal entrance hall leading to the front of the apartment with its own internal hallway, an open plan lounge / kitchen / diner that enjoys dual aspect views of both the Cathedral and the sports field, 2 double bedrooms (1 ensuite) and a bathroom completing the accommodation.
Outside the property there is secured and gated off road parking, covered bike stores and bin stores.
There is also a public car park to the rear of the development offering parking for guests and visitors.
This property further benefits from being offered for sale with no forward chain and is available to view by appointment only. Communal Entrance Hall With stairs leading up to first and second floors.
Hallway With door to front, built in storage cupboard housing the consumer units, radiator.
Kitchen / Dining / Lounge The Kitchen is fitted with a range of base and wall units, cupboards and drawers with solid Corian worksurfaces over, integral double oven (with top oven also being a microwave), one and a half bowl inset stainless steel sink with mixer tap over, 4 ring electric hob with extractor hood over, integral dishwasher, integral washer / dryer, integral undercounter fridge and freezer, boiler.
Two skylights to the rear with views of Ely Cathedral. The Lounge / Dining area has a radiator, window to the side and two windows to the front overlooking the sports field for The Kings School.
Bathroom Fitted with a three piece suite comprising low level WC, vanity wash hand basin, panelled bath with shower over and shower screen, heated towel rail, skylight to the rear with views of Ely Cathedral and extractor fan.
Bedroom 1 With two windows to the front overlooking the sports field and a radiator.
Ensuite Fitted with a three piece suite comprising low level WC, pedestal wash hand basin and shower cubicle, heated towel rail, shaving socket and extractor fan.
Bedroom 2 With two windows to the rear with Cathedral views and a radiator. Outside There is secured off road parking with electric gates for one car, covered bike store and locked bin stores.
To the front there is a small garden with path leading up to the main entrance hall. Tenure Leasehold. We understand the original 125 year lease commenced on the 1st April 2018.
Ground Rent - £250 per year Service Charge - £1,807.21 per year Viewing Arrangements Strictly by appointment with the Agents.
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.
Area
Agent & docs
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FAQ
About 5 Montgomery House, 22, Barton Road, Ely
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