2-bedroom flat · CB7 4QJ
For saleReduced £10k (−5%) on 16 OctListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of the historic Ely, this light and spacious two-bedroom first floor flat offers well-proportioned accommodation and convenient access to the city’s amenities, shops, and transport links.
The property is accessed via its own ground floor entrance with stairs leading to the first floor accommodation.
At the centre of the home is a bright and generously sized living/dining room, providing an excellent space for both relaxing and entertaining.
The separate kitchen is well laid out with ample worktop and storage space.
There are two comfortable double bedrooms, both offering good proportions and flexibility for use as a guest room or home office if required.
The accommodation is completed by a family bathroom and useful storage cupboards.
This property would make an ideal first purchase, investment opportunity, or conveniently located home in one of Cambridgeshire’s most attractive cathedral cities.
This property further benefits from having No Foward Chain and is available to view by appointment only. Entrance Hall With door to front, stairs leading to the first floor and window to front.
First Floor Landing With doors to kitchen, living room, bedrooms and bathroom, storage cupboard.
Kitchen Fitted with a range of base and wall units, cupboards and drawers with work surfaces over, stainless steel sink, space for fridge, space for freestanding oven, space for washing machine and velux window to front.
Living / Dining Room With two velux windows to rear and two storage heaters. Bedroom 1 With velux window to rear and storage heater. Bedroom 2 With window to rear and storage heater.
Bathroom Fitted with a three piece suite comprising of low level WC, pedestal wash hand basin, panelled bath with shower attachment over, velux window to the front.
Outside There is an outside store with two allocated parking spaces nearby. Tenure Leasehold We understand the original 999 lease for this property commenced on 16/12/1987.
We have been advised that the ground rent is 'a single red rose on request' We have been advised that the roof is the responsibility of the flat owner.
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
FAQ
About 20, Brays Lane, Ely
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