1-bedroom flat · CB1 3TA
Listing removedReduced £25k (−10%) on 2 SepListed 404 days
Opportunity summary
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About
29A Gray Road is a well-presented first-floor maisonette, offering bright and comfortable living space in a popular residential area of Cambridge.
The property is approached over a front garden with a private front door, providing a sense of independence and privacy.
The entrance opens into a ground floor hallway, ideal for storing coats, shoes, or even a bike, with stairs leading up to the main accommodation.
On the first floor, the sitting/dining room is filled with natural light from a large front-facing window and features a useful storage cupboard neatly positioned beside the chimney breast - perfect for keeping the space uncluttered.
The separate kitchen is well-equipped with a range of wall and base-mounted units, ample work surfaces, an integrated hob with extractor over, inset sink, and space for additional appliances.
It offers a practical layout ideal for everyday cooking and entertaining.
The bedroom is a generous double, enjoying peaceful views over the rear garden, while the bathroom is fitted with a modern three-piece white suite.
It includes a shower over the bath with a glass shower screen and is finished with floor-to-ceiling tiling for a sleek, contemporary feel.
Externally, side access leads through to a brick-built storage shed and a good-sized, private rear garden - a real highlight of the property, offering plenty of room for outdoor seating, planting, or simply enjoying the sunshine.
There are 88 years left on the lease with a ground rent of just £10 per annum, there is a service charge of £355.92 per annum, which is reviewed annually and is adjusted according to forecast costs.
Gray Road is conveniently placed for access to a wide range of facilities, Addenbrooke's Hospital and the city centre.
It lies around a mile away from Sainsbury's supermarket and is a similar distance from Mill Road and its wonderful range of independent shops, cafés and restaurants, whilst it is around a 25 minute walk or 10 minute cycle to the train station.
The green spaces of Coldham's Common, Coleridge recreation and Cherry Hinton Hall Park offer extensive parkland and play areas.
There are also various amenities nearby including a Co-op store, petrol station, chemist, newsagents and Balzano's deli.
Schooling is available at the highly regarded Ridgefield Primary School with secondary provision at Coleridge Community College, just a 5 minute walk from the property.
The area is particularly appealing to those looking for the convenience of city living but without the compromises on garden space and parking that often come with being right in the very centre.
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.
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FAQ
About 29A, Gray Road, Cambridge
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