Successful first auction of the year for Cheffins

Cheffins grossed over £2.5m in its first property auction of 2022 as confidence in residential and commercial property markets remains strong. The headline lot of the day, a Grade II listed four-bedroom former chief warden’s house of what was once the Huntingdon County Jail, far exceeded its presale estimate, selling for £412,000 to an owner occupier. Commercial investment properties saw a series of pre-auction deals agreed, and strong bidding on the remainder. Ian Kitson, director at Cheffins, said: “Commerical investments were very popular at this month’s sale, and has been the case for the past year, as buyers once again flock to bricks and mortar as global uncertainty makes other markets more volatile. The property auction is often an indicator of what is going on in the property sector.”

Ely Standard