Cheffins auction generates £3.2m of property sales around eastern region

The former chapel in Exning sold by Cheffins at auction.

The former chapel in Exning sold by Cheffins at auction. - Credit: Archant

More than £3.2m worth of property sales across 23 lots were achieved at the latest Cheffins auction on September 28.

The star lot of the day was a retail unit on Chesterton Road, Cambridge, which sold for £484,000, almost 50% above its guide price of £325,000.

The property, in need of full refurbishment, included two retail spaces, an office, a storage room and a one-bedroom flat on the first floor.

A former Methodist Chapel in Exning, near Newmarket, with a total internal area of 2,209 sq ft and with planning consent for change of use into residential, made £342,000, over its guide price of £325,000.

Another investment opportunity was School House, the former caretaker’s home at Sudbury Middle School.

The house, in need of refurbishment, came with a plot of 0.187 acres and was sold for £246,000, 23% above its £200,000 guide price.

The highest value lot of the day was a 12.96acre landfill site at Godmanchester, near Huntingdon, which had full planning consent for reinstatement into a mineral extraction site.

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This sold for a total of £600,000 after competitive bidding from a number of parties.