This property presents a compelling renovation and investment opportunity in the heart of Central Newmarket, just 12 miles west of Cambridge. Situated on Fordham Road, it is conveniently located only 0.4 miles from the town center, providing easy access to local amenities and services.
Spanning approximately 5 acres, the site features several distinctive existing structures, including a former convent, associated bungalows, a converted stable block that now houses three residences, and a charming two-bedroom cottage. Together, these buildings offer a total of around 13,282 square feet, providing ample space for various redevelopment possibilities.
At the rear of the main buildings lies an expansive parcel of open land—approximately 1.27 acres—that holds significant potential for further development. The location benefits from nearby residential developments like 'The Maltings,' which could offer valuable context and precedent for future projects.
Notably, there is an encouraging historic pre-application approval for constructing eighteen flats and six houses on 0.46 acres of this site, indicating strong potential for a profitable redevelopment (additional details available upon request).
Situated within a defined settlement boundary and part of the local neighborhood plan aimed at enhancing housing and community infrastructure, this property is positioned well for future growth. Newmarket's designation as a 'Market Town' underlines its appeal as both a residential hub and investment locale.
This freehold property offers unique features and strategic advantages that could be leveraged to realize its full potential in today's evolving market.
