2-bedroom flat · CB1 1BB
For saleReduced £40k (−8.6%) on 15 JulListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 2-bedroom apartment in a prestigious development just a few minutes from the heart of the city and the station. Overlooking a park and offering no chain.
This attractive purpose-built development is in an excellent location, overlooking a small park and Parker's Piece beyond.
The accommodation has been refurbished and includes a recent kitchen and two new bathrooms.
The development is secure and gated; access to the apartment, which is on the ground floor, is via an entry phone. There is a reception hall with a storage cupboard housing the water cylinder.
The living room has a large bay window overlooking the park.
The kitchen has been refitted and includes base and eye-level storage, an induction hob, oven extractor, a dishwasher, Bosch washer dryer and a fridge freezer.
The bedrooms are both a good size, the main room has an almost new ensuite shower room with full wall and floor tiling and a towel rail, the second room makes an excellent guest room or a nice size space to work from home.
The main bathroom has also been replaced with a shower over the bath and full wall and floor tiling. The apartment has double glazing and electric underfloor heating throughout.
Outside, there are well-tended communal grounds, and an undercroft car park where there is an allocated parking space, and there are bike and bin stores.
There is also plenty of visitor parking available. What3words: ///shaped.flies.fishery
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 35 Petersfield Mansions, Petersfield, Cambridge
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