Auction Tip Off: Country House Chic On The Cheap Or A Money-Spinning Property Development?

2 May

I’m a sucker for a good-looking period house – and this Victorian beauty is a real stunner!

Country house auction

30 Cambridge Road, Ely guided at £500,000, is a former day care centre offering 4,476 square foot of what could be – country house chic – and also a potential money-spinner of a development project.

The detached three storey building presently has D1 use – but it was originally a private dwelling and is located in a predominantly residential area.

Any potential for change of use will be subject to planning – but I reckon eagle eye developers will soon spot the potential when they see the size of the garden:

country house auctioncountry house development

It’s worth noting the property is located in a Conservation area and the Local Planning Office has indicated that any future development plans would need to retain the existing building (understandable as it’s a period gem!).

Internally the property has been converted to provide office accommodation – but with a pair of buffed-up rose-tinted specs I think it’s easy to see through this.  There are plenty of period features still around and I reckon you could make this a magnificent country home on the cheap.

country house developmentcountry house

country house developmentcountry house

Alternatively, the development opportunities for this are mouth-watering…

Is it worth it?

Ely is a pretty, affluent Cathedral town located 14 miles from Cambridge and 80 miles from London.  Fast trains to Kings Cross take 1 hour 15 mins.

A 5081 sq. ft. six bedroom new-build on a much smaller plot has recently been marketed and sold for £935,000.

The property currently has commercial use and so will deter many would-be buyers.  Enquiries should be made at the local council for potential of change of use.

The garden could offer future development potential – and I wouldn’t be surprised to see a new-build development spring up.

Conclusion: I reckon it’s definitely worth a closer look!

Auction is 19 May contact Lambert Smith Hampton for further details

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