3-bedroom house · CB3 0AH
Listing removedListed 155 days
Opportunity summary
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About
Dating back to before the 1900s, Milliners Cottage represents a rare opportunity to acquire a characterful period property in a near central City location.
The property was originally two separate dwellings, one of which was historically a Milliners Cottage.
On the ground floor is an entrance hall with two useful storage cupboards, finished with hardwood flooring and underfloor heating which continues throughout the accommodation.
The reception areas have been designed with modern living in mind. There is an open plan sitting/dining room benefitting from a southerly aspect, with a door to the rear garden.
Adjoining the dining area is a kitchen which has been fitted with an attractive range of units, and finished with honed granite worktops.
There is a traditional range style oven, nested in the original brick inglenook, from which period fireplace features extend through the cottage.
Upstairs, the accommodation is split over two floors, the first housing two double bedrooms, both with stylish en suite shower rooms.
Stairs lead to the master bedroom which has its own study area, coupled with an en suite with its own free-standing bath.
Outside, there is a southwest-facing courtyard, classically paved with York stone and well suited to al fresco dining. It also provides off-street parking for one vehicle.
There is a resident permit parking scheme which operates in the Castle area for further parking. Castle Street stands in a rather special area of the City only about half a mile north of the centre.
This is an area of the City where properties seldom come to sale, and is a most attractive location, on a slight rise within easy walking or cycling distance from the City centre.
The property is located just opposite Shire Hall within striking distance of Cambridge City with its combination of ancient and modern buildings, winding lanes and excellent choice of local schooling.
It is ideally situated for those working at Cambridge Science and Business Park (3 miles east) or Addenbrooke's Biomedical Campus (4 miles south).
For the commuter, Cambridge station has mainline services to London from around 48 minutes. The property is also within easy reach of the A14/M11 road networks.
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
Agent & docs
FAQ
About 61 Castle Street,, Castle Street, Cambridgeshire
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