2-bedroom flat · CB7 4LS
Listing removedListed 143 days · slow let
Opportunity summary
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About
Tenure: Leasehold To make an enquiry please click the email agent or request viewing button on the listing, this will allow us to respond to you as quickly as possible Location, location, location....
Sitting on Market Street in the very heart of the city, this property places you within a short walk of virtually everything Ely has to offer; the cathedral, the market, the riverside, the mainline station and the full range of the city's independent shops, cafés and restaurants are all on the doorstep in a way that simply isn't possible from a residential street on the outskirts.
The apartment itself is a spacious and well-presented second floor flat that has been finished throughout to a clean, contemporary standard.
A generous entrance hallway with a large storage and utility cupboard and skylight above that draws natural light down into the space and sets a practical and considered tone from the outset.
The hallway flows into an open plan kitchen, dining and sitting room that is the principal living space of the property.
White high gloss kitchen units with dark worktops and a full complement of integrated appliances; oven, hob, fridge freezer and slimline dishwasher, give the kitchen a sharp, well-specified finish, while the dark grey carpet and white walls throughout the living area create a contemporary, cohesive feel that is easy to live with and straightforward to furnish.
The space is well proportioned and works comfortably as both a sociable cooking and dining area and a relaxed sitting room.
Both bedrooms are doubles, one a generous main bedroom and one a small double equally well suited as a home office or guest room, and the four piece bathroom is a genuine highlight, comprising a separate shower enclosure with dark speckled panels, a full-length bath with matching dark splashback, WC and a dark vanity unit with basin.
It is a well-finished and generously specified bathroom for a property of this size and sits well with the overall contemporary aesthetic throughout.
Step outside and Ely's weekly Thursday, Saturday and Sunday markets are on the doorstep, as is the Farmers' Market on the second Saturday of each month and Foodie Fridays throughout the summer.
The city's food and drink scene is within a short walk in any direction, Draymond Sons on Forehill for craft ales brewed in-house; the Poets House for refined dining; the Almonry Restaurant in the cathedral grounds for a proper occasion; and Amelie Café, the Ely Grazing Company and a growing collection of independents for the more everyday but no less enjoyable options.
The riverside adds another layer entirely, a walk along the Great Ouse, a drink at one of the waterside pubs or simply watching the boats go by on a summer evening is the kind of uncomplicated pleasure that city centre living makes genuinely accessible.
The mainline railway station is within comfortable walking distance, placing London King's Cross at around seventy minutes on a direct service and Cambridge under twenty minutes away, a combination that makes this a practical and well-connected base for commuters as well as those who simply want to enjoy everything Ely has to offer from the most central address possible.
Suitability: Single/couple Available Date: Now Holding Deposit: £253 Deposit: £1,269 Council Tax Band: A EPC Rating: C Parking: None Furnished status: Unfurnished Rights & Restrictions: (leasehold restriction).
No sharers. Rights & Easements: None Accessibility: Second floor apartment with no lift.
Planning consent/applications: None Flood risk: Broadband & Mobile coverage checker: disclaimer: There are no safety risks at this property and the information provided above is to the best of our knowledge at the time of listing.
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Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About 4 Woolpack Chambers 16A Market Street, Ely
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