2-bedroom flat · CB6 2FG
Sold STCListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cheffins offer to the market this modern ground floor apartment located in the popular City of Ely.
The property offers entrance hall, 2 bedrooms, bedroom 1 benefitting from an ensuite shower room, open plan kitchen / living room with a triple aspect and a further bathroom.
Outside there are 2 off road allocated parking spaces. This property further benefits from being offered for sale with no upward chain and is available to view by appointment only.
Entrance Hall - With door to side, built-in storage cupboard, window to rear, airing cupboard housing hot water tank, intercom system, radiator, Bedroom 1 - With window to front, built-in wardrobes, radiator.
Door to: Ensuite - Fitted with a 3-piece suite comprising low level WC, pedestal wash hand basin and shower cubicle, extractor fan, shaving socket, radiator, tiled splashbacks.
Bedroom 2 - With window to front, built-in wardrobe, radiator, Bathroom - Fitted with a 3-piece suite comprising low level WC, pedestal wash hand basin, panelled bath with shower attachment, window to rear, radiator, shaving socket, extractor fan, tiled splashbacks.
Open Plan Kitchen / Living Room - Fitted with a range of base and wall units, cupboards and drawers with work surfaces over, integral double oven, 4-ring gas hob with extractor hood over, integral dishwasher, integral washer/drier, 1/2 bowl stainless steel sink with mixer tap, integral fridge/freezer, boiler, radiator, windows to front, side and rear aspects, Outside - There are 2 allocated parking spaces at the rear of the property.
Tenure - Leasehold. We understand the original 125 year lease commenced on the 18th January 2019. Viewing Arrangements - Strictly by appointment with the Agents.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 School Road, Ely
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