Residential, land and commercial opportunities all feature in the catalogue for the final Cheffins property auction of 2023, taking place on 13th December from the firm’s salerooms in Cambridge.
A three-bedroom Grade II listed thatched cottage in the pretty hamlet of Upend, near Newmarket, is set to be one of the more popular residential lots. Set in rolling countryside, this renovation project has a pre-sale estimate of £200,000+. Another opportunity for those looking for a doer-upper is a two-bedroom 1950s bungalow in Brampton, near Huntingdon, which is offered with a Grade II listed barn, and is set to sell for around £275,000. Similarly, an end of terrace cottage in Cottenham, and close to the village’s High Street, is in need of full refurbishment and is set to sell for between £90,000 and £100,000. On Goddard Way in Saffron Walden is also a four-bedroom home which is in need of renovation, but which offers spacious living areas and a garden with a garage, and which has the highest estimate of the sale at £375,000.
Among the more unusual lots is a former church in Castle Camps, near Saffron Walden, which was constructed in 1856. With far reaching views, two storeys, and a spacious main hall area, the building could be converted to a residential property, subject to planning consent. It sits in a 0.275-acre plot, which includes burial grounds, and it is estimated to sell for over £100,000. In addition, a former bar/restaurant which has been left vacant since 2018 is offered in Papworth Everard, Cambridgeshire. In need of full renovation or replacement, the building, which is known as The Conservatory and was formerly Rocky’s Pub, has a bar area, function room, kitchen, utility areas and cloakrooms, as well as multiple car parking spaces. Overlooking the village cricket ground and sports pitches, the building is set to sell for between £75,000 and £100,000.
The highest value land lot of the day is 7.52 acres of grassland and woodland in Godmanchester, near Huntingdon, which has a small pond, brick store and shed, and has an estimate of £125,000. Other opportunities include 10.18 acres of grassland in Lidgate, near Newmarket in Suffolk and 3.5 acres of arable land near Little Downham, Ely.
Ian Kitson, Director at Cheffins comments:
“This compact but high value catalogue offers some fantastic opportunities for those looking for residential projects. The East of England has some of the highest house prices in the country, in spite of the wider fluctuations in the housing market nationwide, and this stretched affordability is part of the reason why we find that renovation projects which can offer value for money continue to be chased by both private buyers and also investors looking to park their money in bricks and mortar. Demand for doer uppers has not waned in spite of rising costs for labour and materials, and the auction room is consistently one of the best places to pick up a bargain property. The past twelve months have been characterised by a fluctuating economy and political instability; however, we have found that the property market throughout the residential, commercial and land sectors has remained firm, with growing numbers of buyers attending each of the sales here at Cheffins. As the overall housing market continues to suffer the ramifications of the interest rate hikes and a potential change in government, I expect that the clarity and speed of sales and purchases through the auction room will become increasingly attractive to both buyers and sellers alike throughout the next year.”
Cheffins’ property auction grossed around £10,000,000 in 2022, throughout the East Anglia and Mid Anglia regions.
The auction will take place on Wednesday 13th December, 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