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