House for sale in Cambridge, Warkworth Terrace, CB1 : Cambridge : CAH240385

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bedroom house, Warkworth Terrace, Cambridge CB1 - Available

Warkworth Terrace, Cambridge CB1

Freehold

Offers in excess of £950,000

Cambridge 0.7 miles

Cambridge North 1.8 miles

Shelford 3.8 miles

RESIDENTIAL CONVERSION OPPORTUNITY - DEVELOPMENT

Description:

The property comprises a substantial five storey period townhouse. The property was previously used as a school but is now being sold with vacant possession. Therefore, the property represents a prime residential conversion opportunity in a well-established residential quarter of the historic city of Cambridge.

The property is entered via steps to the original entrance door which leads to the hallway. At ground floor level there is an open-plan kitchen dining area and W/C. Outside to the rear of the property within the walled garden is a raised decking on which is sited two garden office buildings with mains power connections in place. The lower ground floor was formerly an independent flat with private external access which could easily be reinstated as there is still plumbing in place in what is currently being used as a science lab. At first floor level there is a bathroom that could be converted into a family bathroom serving what would be the 4/5 bedrooms to the upper floors. The property also benefits from a completed loft conversion to provide accommodation at third floor level.

Location:

The property is located at the centre of Warkworth Terrace which is situated close to Parkers Piece and within walking distance of the City centre and the train station with direct services to both London King’s Cross and London Liverpool Street in approximately 50 minutes and 1 hour 10 minutes respectively. Primary schooling is provided by St Paul’s (OFSTED Good) or Park Street Primary (OFSTED Good) and there is a range of both state and private secondary schooling in the city. The neighborhood benefits from local amenities such as The Free Press pub and the Clarendon Street Veterinary Practice, as well as the retail area surrounding the Grafton centre.

Additional Information:

Council Tax: The property will need to be reassessed for council tax when returned to residential use.

EPC: D (81) Valid to 2033

Services: All mains connected

Viewings: Strictly by appointment with the vendor’s agents Carter Jonas Rupert Allan 01223 346603 or William Rooke 01223 326815

The next steps...

Establish funds

How will you fund the purchase?

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Their wholesale interest rates can be lower than retail (bank branch) interest rates
They offer more loan options because they work with numerous banks and lenders
They can finance tricky deals because of their knowledge and various lending partners
They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
You may already know the banker who will handle your mortgage
Banks may be more accountable than a smaller shop
They may offer lower interest rates in some cases
Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

Making an offer

with Carter Jonas.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

Need to sell a property

or thinking of letting?

If you have a property to sell, why not see how we can help you.

Or if you’re considering letting your property, we can take the stress out of managing your rental, and our award winning lettings team offer a service that can be tailored to your needs.

Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.