Detached house in Newton with guide price of £165,000-£175,000 to be sold at Cheffins auction
- Credit: Archant
A detached house set on a quarter of an acre, offering the potential for expansion and renovation, goes up for auction next month.
The Old School House in Church Lane, Newton, will be sold at auction by Cheffins at its next Eastern Counties property auction on March 12, in Cambridge.
Cheffins described the house as an “attractive detached village house on nearly a quarter of an acre with potential for extension and updating”. The guide price is £165,000-£175,000.
Also available at next month’s auction is The Cottage at Downham Common, about a mile south of Ely.
It is a detached property in need of refurbishment on just over a quarter acre plot with wonderful countryside views. The guide price is £140,000-£150,000.
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A terraced house at Stretham, originally built as three houses but latterly divided for commercial and residential purposes, is expected to fetch £175,000-£200,000.
It could be converted into a number of separate homes for a buy-to-let investor or a large single house subject to planning consent.
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The auction also includes a redundant pub in just over two acres – the Horse and Groom on the A505 near Royston has planning for a restaurant/bar and accommodation.
Auctioneer Simon Gooderham said: “We’ve got a selection of properties needing renovation or refurbishment, from terraced village cottages to a detached bungalow requiring total renovation with nearly three acres of land.
“These types of property always generate a lot of enquiries from both private buyers and small builders/investors and we tend to find that auction is the best way to sell them.
“All of these properties have great potential and if you are new to the idea of buying a property at auction, Cheffins has produced an easy to follow guide and will offer you advice on the auction process.”
For more information, visit www.cheffins.co.uk/propertyauctions