Cheffins’ next property auction, taking place on Wednesday 24th September at 2pm, will feature a bumper catalogue of 19 lots, including residential refurbishment projects, prime commercial investments, and land opportunities across East Anglia. The sale will be hosted at the firm’s salerooms in Cambridge and online.
Leading the auction is a substantial detached house on the outskirts of Great Wilbraham, Cambridgeshire, which comes with over five acres of gardens and woodland. In need of refurbishment, the Victorian property has five bedrooms and is estimated to sell for £600,000 - £650,000. This is followed by a large bungalow in Histon, just outside of Cambridge, which needs full refurbishment and is set in substantial gardens and is estimated to sell for £550,000 - £600,000.
Lot 10, Orchard Way, Great Wilbraham
Also in Cambridgeshire is a Grade II listed farmhouse on the edge of Bourn. In need of refurbishment, this large and historic property comes with four bedrooms, a garden and there is also the option to buy paddock land and a large pond by separate negotiation. This is set to sell for £350,000+. In addition, there is a Grade II listed cottage in Great Chesterford, Saffron Walden, which is in good condition and is set in the heart of this popular village. With a pretty cottage garden, the house is set to sell for £375,000. Other refurbishment projects are available in Chatteris, Soham and Waterbeach.
Lot 12, farmhouse in Bourn, Cambridgeshire
The highlight of the commercial lots is a significant Grade II listed building on Royston High Street. The three-storey property is currently occupied by three commercial tenants and two residential tenants and achieves a rental income of £70,650 per year. With the potential for further parts of the building to be converted, it is set to be of interest for investors and has a guide price of £650,000+. This is followed by a large property on Newmarket High Street, currently let to Lloyds Bank. The brick and stone building is set over four storeys and has a current rental income of £65,000, with Lloyds Bank having taken the lease for a further five years in 2022. With a presale estimate of £575,000, this building is one of the most prominent in the town centre and is set to be of interest for investors.
Lot 8, 44-48 High Street, Newmarket
Among the land is a 5.85-acre meadow with three lakes in Great Wratting, Suffolk. Formerly a coarse fishery, this attractive land parcel has frontage onto the River Stour and could easily be reinstated as a fishery subject to necessary consents. It has an estimate of £125,000. There is also a development site at Fordham, Cambridgeshire, which has planning permission for two detached houses, and already has water and electricity connected. It has an estimate of £250,000+. Other opportunities include over 17 acres of arable land near Ely; 2.36 acres of grassland at Houghton, Cambridgeshire and 3.5 acres of arable land at Little Downham, Ely.
Ian Kitson, Director at Cheffins continues:
“This is one of our strongest catalogues of the year, with something for every type of buyer. From refurbishment projects to high-yielding commercial investments, the sale provides opportunities for developers, investors and private buyers alike. Despite wider market uncertainty, demand for property at auction remains resilient, and we expect strong competition for the standout residential lots in particular.”
The auction will take place on Wednesday 24th September, from 2pm, online at www.cheffins.co.uk
To view the catalogue, please click here
For further information, contact Cheffins Property Auction team on 01223 213343, property.auctions@cheffins.co.uk