2-bedroom flat · CB2 8BA
For saleListed 2 days
Opportunity summary
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About
Flat 2, Lexington House is a well-proportioned two-bedroom ground floor apartment, occupying a particularly pleasant position within a small development of just ten apartments at the Hills Road end of Long Road.
Set amongst established communal gardens with mature trees providing a good degree of privacy, the property offers approximately 701 sq ft (65.2 sq m) of accommodation, a private patio area, allocated parking and a convenient location for access to Addenbrooke's Hospital, the Biomedical Campus and Cambridge city centre.
Cambridge South railway station is approximately a 10-minute walk away, providing direct rail services to London.
The apartment has a practical, well-considered layout, with an entrance hall providing access to all the principal rooms.
The main living space is a particular feature, measuring approximately 21'5" x 12'11" and combining the kitchen, sitting and dining areas in one generous, open-plan room.
A series of tall windows along two elevations brings in plenty of natural light and provides attractive views across the surrounding gardens, giving the room a sense of openness whilst retaining privacy.
A door provides direct access onto the apartment's own patio area, with the additional benefit of use of the wider communal gardens.
The kitchen is fitted with a range of contemporary white units, stone worktops and integrated Bosch appliances, including an oven, microwave and gas hob.
An island-style arrangement provides additional preparation space and creates a natural division between the kitchen and sitting area.
Engineered oak flooring extends through the kitchen and entrance hall, while the sitting area is carpeted, helping to distinguish the two spaces without interrupting the open-plan arrangement.
Both bedrooms are comfortably proportioned and enjoy views towards the established greenery.
The principal bedroom measures approximately 14'6" x 9'7" and benefits from an en-suite shower room, while the second bedroom, measuring 10'9" x 9'2", offers flexibility for guests, a home office or additional bedroom accommodation.
A separate bathroom, fitted with a bath, serves the remainder of the apartment.
Lexington House is an exclusive development of just ten apartments arranged over three floors, built in 2009 and particularly well maintained since its construction.
The building is surrounded by attractive communal gardens, with extensive lawns, established planting and substantial mature trees creating a peaceful and leafy setting.
The apartment benefits from its own patio area, providing a pleasant space to sit outside whilst enjoying the surrounding greenery.
Allocated parking is provided to the front of the building, together with communal bicycle sheds for residents. The apartment has approximately 108 years remaining on the lease.
The service charge is currently around £3,600 per annum and is reviewed annually, while the ground rent is £500 per annum. The property is offered for sale with no onward chain.
Lexington House is conveniently situated just off Long Road, at its Hills Road end, in a highly regarded residential area of south Cambridge.
The development is particularly well placed for access to Addenbrooke's Hospital and the Cambridge Biomedical Campus, both less than a mile away, making it an ideal location for those working in the area's major medical and research institutions.
Cambridge South railway station is approximately a 10-minute walk away, offering direct services to London, while Cambridge's main railway station is also within easy reach by bicycle or bus, providing further connections to London, Birmingham, Peterborough and beyond.
Cambridge city centre is approximately two miles to the north and offers an excellent range of independent shops, restaurants, cafés, cultural attractions and educational facilities, together with the city's renowned historic colleges and green spaces.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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