Property investors have a good range of options to choose from at Cheffins’ Eastern Counties Property Auction on Wednesday 18th September.
Cheffins has catalogued 18 lots of land, commercial and residential properties at guide prices ranging from £850,000 right the way down to £2,000.
A large development site at a former haulage yard on Newmarket Road in Stretham, Ely, with planning permission for nine residential dwellings has a guide price of £850,000.
The planning permission on the 1.25-acre site is for single and two-storey dwellings with no obligations for affordable housing.
A building plot in the desirable south Cambridgeshire village of Great Chesterford has been given a guide price of £500,000+. The 0.35-acre plot has planning permission for a substantial five-bedroom house with a large garden, cart lodge and studio, and offers the purchaser an opportunity to build a magnificent house in the centre of this sought-after village.
Commercial properties have been in good demand in recent auctions and the entries in this sale have guide prices that look to represent good value.
A rare chance to purchase a central Cambridge mixed-use freehold property on Chesterton Road is an eye-catching lot.
The property has a recent change of use to A3/A5 (restaurant/hot food takeaway) ground floor, which is often highly desirable, and boasts a self-contained residential flat at first floor level. The property may lend itself to development, subject to planning, and has a guide price of £570,000.
Another mixed-use property, this time in Sawston, features a first floor flat above a shop. The High Street unit offers scope for extension to the rear and would suit an owner occupier or investor. It has been given a very reasonable guide price of £180,000.
A freehold property on the High Street in King’s Lynn offers a vast internal area at a guide price of £230,000+. Subject to planning, the freehold building has development potential, as well as rear access and a parking space, and benefits from no business rates being payable when unoccupied.
The catalogue also has some residential opportunities. For those who like a renovation project there is an historic three-bedroom house in Upwell, near Wisbech, that offers the chance to refurbish and extend this historic building on a generous plot of land, all within the guide price of £110,000+.
For buyers looking at the centre of the popular city of Ely, there are a couple of opportunities. A two-bed end-of-terrace house with a central town location on Newnham Street has a guide price of £175,000, with the need for refurbishment factored in.
A substantial property on the corner of Silver Street and Parade Lane includes a five-bedroom house with an adjoining self-contained annexe and has a guide price of £450,000. There is scope for refurbishment and/or reorganisation of the accommodation and would therefore be an ideal investment project.
Included in the land offerings in the auction, is 10.28 acres of arable land on the edge of the popular village of Little Downham. The land has been used for growing cereal crops in recent years but is currently fallow. The land has a guide price of £85,000-£95,000.
The full catalogue can be found here.