Summary - FLAT 5, 24 MILL ROAD, CAMBRIDGE CB1 2AD
1 bed 1 bath Studio
Compact, income-ready central flat for investors or city move-in buyers.
Top-floor studio in central Mill Road location
A well-presented top-floor studio in the heart of Mill Road, arranged within an attractive Victorian mixed-use building. The apartment includes a fitted kitchen and modern three-piece shower room, and benefits from double glazing installed in the 2000s. Its rear/top-floor position offers relative quiet while keeping all the vibrant local amenities and Cambridge station within easy reach.
This property is offered with a long lease (125 years from Oct 2014, c.114 years remaining), modest ground rent (£150pa) and a service charge of £1,400pa — details important for budgeting and yield calculations. It is currently let on a periodic assured shorthold tenancy, which may suit an investor seeking an immediate income stream but will require tenancy checks and potential notice if vacant possession is needed.
Practical considerations include electric storage heating and solid brick walls with assumed no insulation, which may affect running costs and future refurbishment plans. The building’s period character (high ceilings externally, original brickwork) gives appeal, but the internal studio footprint is compact despite an overall listed size of 668 sq ft. Note also the area records higher crime levels; factor this into tenant profiling and insurance.
Overall this studio is targeted at investors seeking central Cambridge rental exposure or first-time buyers wanting a small central home. It offers good transport links, excellent mobile/broadband, and proximity to many shops, cafés and colleges, balanced against ongoing service charges and potential retrofit costs for heating/insulation improvements.
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