168 Cromwell Road, Cambridge, Cambridgeshire, CB1 3EQ

Description

A Vacant Four Room Mid Terrace House in Need of Refurbishment. Potential for a Loft and Rear Extension (Subject to Obtaining all Relevant Consents). The property comprises a four room mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Through Reception Room, Kitchen, Bathroom. First Floor: Three Rooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Coldham's Common are within easy reach. Transport links are provided by Cambridge rail station.

Tenure / Property Information

Investment Analysis

Supplied sold evidence ranges from £340,000 for the same address in February 2026 to £510,000 for 154 Cromwell Road in October 2024. Other same-road sales include £440,000 in March 2025 and £433,500 in September 2023. An indicative base GDV of £440,000 is used, with a wide range reflecting the comparable dispersion and unknown refurbishment specification. These are estimates, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed refurbishment plan. BTL may be worth assessing because of the indicative guide-price yield, but the rental evidence is limited. Do not rely on the loft or extension potential without consent.

Works Required

Refurbishment is required, but the evidence does not specify the scope or condition of individual elements. Review and price the kitchen, bathroom, finishes, services and EPC-related works only after inspection. The stated loft and rear extension potential should not be assumed without all relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £270,000 guide, the known £1,800 administration charge would bring the cost to at least £271,800 before refurbishment and any disbursements. A 75% refinance against the £440,000 base GDV is £330,000, but cash left in cannot be calculated because refurbishment and total project costs are unsupported. The strategy therefore requires a detailed refurbishment budget and lender valuation.

Buy-to-Let Analysis

The only rental evidence is a £1,900 pcm advertised asking rent for a three-bedroom house in CB4, not a completed letting and not the subject postcode. This equates to £22,800 annually and 8.44% gross against the £270,000 guide before refurbishment, finance, tax and fees. A reliable net yield cannot be established because refurbishment costs and other purchaser costs are unknown.

Flip Analysis

The base GDV estimate is £440,000, but no refurbishment allowance, selling costs or other project costs are supplied. Consequently, a reliable flip surplus and maximum bid cannot be calculated. The wide range of sold prices also creates material valuation risk.

Investor Risks & Due Diligence

• Refurbishment is required but its scope and cost are not supplied.

• The stated loft and rear extension potential is subject to obtaining all relevant consents.

• The rental evidence is an advertised asking rent in CB4 rather than an achieved rent for the subject property.

• Comparable sale prices vary materially from £340,000 to £510,000.

• The £1,800 administration charge is stated, but further disbursements and other legal or search costs may apply.

• EPC rating is currently E.

Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed refurbishment plan. BTL may be worth assessing because of the indicative guide-price yield, but the rental evidence is limited. Do not rely on the loft or extension potential without consent.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one rental asking figure, but refurbishment costs, detailed condition, purchaser disbursements and verified subject-property rent are unavailable.