A total of 21 lots of land, residential, commercial and investment property will go under the hammer at Cheffins’ Eastern Counties Property Auction on Wednesday 19 June 2019 and there is plenty on offer to appeal to a wide range of potential buyers.
Those looking for barns for conversion – which are becoming more popular with the recent relaxation of planning regulations – have a total of four sites spread across Cambridgeshire and Suffolk.
These include an excellent opportunity to purchase two agricultural barns in Fowlmere, near Royston, with planning consent to convert into two large detached houses. The property has an estimate of between £250,000 and £300,000.
The barns within this sale all benefit from significant sized plots, which is often a rarity, and that is certainly the case with a barn on offer at Ramsey, Cambridgeshire, that has a total plot of 4.30 acres. The property has an estimate of between £225,000-£250,000.
Those looking for a refurbishment project in a prime central Cambridge location have a rare chance to purchase a mid-terrace Victorian house on Portland Place.
The two-bedroomed house is in need of full internal refurbishment, but its secluded location in the heart of the City makes it an interesting property at an estimated value of £425,000.
There is also an opportunity to purchase a substantial semi-detached house on Milton Road, Cambridge, which has a large, but unfinished rear extension. As well as the work to finish the rear extension, the remainder of the house requires refurbishment and has an estimate of £500,000.
Also in the auction is a stunning Grade II Listed cottage in Debden, near Saffron Walden, that has a generous plot of land which contains a tennis court and swimming pool. The property offers scope for improvement and has an estimate of £450,000.
Recent auctions have seen an increase in buyers looking for income producing properties, as an alternative to holding cash in the bank, or investing in the unpredictable money markets. The catalogue offers a variety of these, including a fully let retail unit with uppers in St Ives that comes with a guide price of £399,000 (reflecting a gross yield of 10.5%), as well as a ground floor retail investment opportunity in the heart of Ely, producing an income of £50,500 from established tenants and which has a guide price of £550,000. Finally, an attractive detached building in Baldock has a guide price of £120,000 and benefits from a recently signed 12-year lease with an initial rent of £9,086 pa.
The full catalogue can be viewed on Cheffins website.