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Fordham Road, Newmarket, Suffolk, CB8 5 bed detached house for sale
Fordham Road, Newmarket, Suffolk, CB8
£4,000,000
Fordham Road, Newmarket, Suffolk, CB8
£4,000,000
Our Summary
- *INVESTMENT/DEVELOPMENT OPPORTUNITY* Located in the heart of Newmarket, a rarely available site of approximately 3
- DescriptionAn exciting investment opportunity with further development potential
- An annexe to the house comprises of two mid terrace 2 bed bungalows and planning for a further two end of terrace 2 bed bungalows
- Additional InfoThe land to the rear of the residential properties fronting Fordham Road has development potential (subject to planning) It extends to approximately 0
Description
This is an investment and development opportunity in the heart of Newmarket, comprising a 3.76-acre site with three existing residential properties and a parcel of land. The properties, including a former convent building, three separate dwellings in a former stable block, and a detached cottage, generate a combined monthly income of £22,330. The site has potential for further development, with the rear land extending to approximately 1.27 acres and a roughly square parcel of private open space. Located in a central area of Newmarket, the site is close to the high street, Waitrose, and Newmarket station, with Cambridge and Bury St Edmunds nearby. The site offers a unique investment opportunity with potential for growth and development.