Cambanks, Cambridge, CB4

If you're looking for your first home in Cambridge, or a well located property with solid rental potential, this two bedroom apartment at Cambanks is certainly worth a look. Situated on the second floor of an established residential development in Chesterton, the apartment offers generous, bright accommodation, a number of modern improvements and a location that makes getting around Cambridge wonderfully convenient.

One of the first things you'll notice is the amount of natural light throughout the apartment, thanks to its large windows and well proportioned rooms. The property has benefited from considerable updating, including replacement windows, internal doors, new ceilings with inset spotlights and attractive flooring throughout, creating a smart, comfortable home that's ready to enjoy.

The living room is a particularly lovely space, with a large window bringing in plenty of daylight and more than enough room to relax or entertain. Glazed French doors lead through to the kitchen diner, giving the two spaces a lovely connection while still allowing them to be used separately.

The kitchen is both practical and sociable, with a distinctive wraparound island incorporating a gas hob, a fitted oven and space for dining. There's plenty of room to prepare meals, enjoy a morning coffee or have friends round for dinner. The kitchen has previously been equipped with a dishwasher, washing machine and fridge freezer, with the appliances included in the sale to be confirmed.

Both bedrooms are generously sized, with large windows and built-in wardrobes providing useful storage without compromising on floor space. Whether you need two comfortable bedrooms, a guest room or somewhere to work from home, there's plenty of flexibility. The modern bathroom completes the accommodation, finished with contemporary fittings and a heated towel rail.

Outside, Cambanks is surrounded by established and well maintained communal gardens, providing a welcome touch of greenery close to the city. Residents also benefit from communal off road parking, available on a first come, first served basis. This property comes with a garage and lock up store room.

Location

The location is another real strength. Chesterton has a great mix of independent shops, cafés, pubs and everyday amenities, with Chesterton High Street just around the corner. The River Cam and its attractive walking and cycling routes are nearby, while Cambridge city centre is easily reached by bicycle or public transport. Cambridge North railway station, the Science Park and Cambridge Business Park are all conveniently positioned, making this a particularly appealing location for professionals and commuters.

For first time buyers, the apartment offers the chance to establish a home in Cambridge without having to take on extensive renovation work. The two generous bedrooms and separate living spaces give you room to grow, while the convenient location makes everyday life that little bit easier.

For investors, the combination of two bedrooms, good presentation and proximity to major employment centres provides encouraging rental potential. Based on comparable apartments currently marketed within Cambanks, an estimated rental income of £1500 - £1600 PCM could be achievable.

Lease & Service Charges

The total annual service charge for the apartment is approximately £4000 per year / £333 per month. This includes £2000 towards the general upkeep and maintenance of the building, communal areas and water charges. An additional £2000 per year is currently being collected towards a reserve fund for planned roof works, helping to ensure the development remains well maintained for years to come. This additional contribution is separate from the standard annual service charge and relates specifically to the roof works.

The property is understood to be leasehold with a share of the freehold, providing the reassurance of a very long lease. Original 999 year lease commencing June 1963, leaving approximately 936 years remaining, with no ground rent payable.

Whether you're hoping to take your first step onto the Cambridge property ladder or add a conveniently located apartment to your investment portfolio, 38 Cambanks offers plenty to like.

Local Yopa Agent Dan Burbridge would be delighted to answer any questions you may have.

EPC Band: D

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.