Former mortuary near Needham Market goes up for auction and could be yours for £60,000

A former mortuary near Needham Market, Suffolk, built in the 1930s is going up for auction with a guide price of between £60,000 to £80,000 on 26 March. 

Offering scope to for an imaginative developer, The Old Mortuary would have serviced locals during the Second World War, when East Anglia experienced several devastating air raids.

It is not known when the property’s life as a mortuary ended, but it retains features harking back to its original use. 

These include a bare concrete floor, whitewashed brick walls and two sets of double doors at the front of the building. 

Inside the mortuary are two rooms with large windows. The smaller room contains a sink and may once have been the embalming room, according to Auction House. 

The larger room has a further set of double doors at the opposite end of the space.     

Time for rejuvenation: A former mortuary near Needham Market is going up for auction

Time for rejuvenation: A former mortuary near Needham Market is going up for auction

Hannah Turner, an area manager at Auction House, told This is Money: ‘This historic mortuary presents a unique opportunity for investors or developers looking to breathe new life into a property with character. 

‘It holds incredible potential for redevelopment such as a creative commercial space or workshop. 

‘Buildings like this don’t come around often, making this auction lot an exciting prospect for visionary buyers.’

History: The Old Mortuary near Needham Market was built in the 1930s

History: The Old Mortuary near Needham Market was built in the 1930s 

Features: The property has a bare concrete floor and whitewashed brick walls

Features: The property has a bare concrete floor and whitewashed brick walls

Use your imagination: Auction House suggests the site could be turned into a funeral business

Use your imagination: Auction House suggests the site could be turned into a funeral business

Benefits: The property does have a number of surprisingly large windows

Benefits: The property does have a number of surprisingly large windows

Amenities: The site is close to local shops, supermarkets and a nature reserve

Amenities: The site is close to local shops, supermarkets and a nature reserve 

Prospective buyers could transform the former mortuary into a workshop or studio. 

With planning permissions in place, the site, which is being sold freehold, could also be transformed into an office space, funeral business or other commercial premises. 

Auction House added: ‘Alternatively, it could be revitalised as an unconventional home or holiday let, provided approval is granted.

‘No matter what its future use, the new owners will be able to take advantage of a convenient concrete parking area at the front of the building, which provides ample room for commercial or private vehicles.’ 

The location of The Old Mortuary provides easy access to the centre of Needham Market. 

Buyers interested in the more macabre facets of the area’s history can walk down Chainhouse Road, which heralds from when the town was chained at either side to contain the spread of plague in the 1660s. 

The Causeway, previously known as The Corpseway, is another infamous route by which plague victims were reportedly transported to their place of burial, Auction House said. 

Buying a property at auction can be exciting, but fraught with challenges and pitfalls for the uninitiated. 

It is essential to read the legal pack for any property you are interested in and to view the property in person beforehand.

A conveyancing solicitor can help prospective buyers scrutinise the legal pack and assess any potential complications.

If considering buying at auction, it is also a good idea to, when possible, get a survey completed on the property before putting a bid in.

Before placing any bids on a property at auction, set a budget beforehand and stick to it.

How to find a new mortgage

Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible.

Quick mortgage finder links with This is Money’s partner L&C

> Mortgage rates calculator

> Find the right mortgage for you 

What if I need to remortgage? 

Borrowers should compare rates, speak to a mortgage broker and be prepared to act.

Homeowners can lock in to a new deal six to nine months in advance, often with no obligation to take it.

Most mortgage deals allow fees to be added to the loan and only be charged when it is taken out. This means borrowers can secure a rate without paying expensive arrangement fees.

Keep in mind that by doing this and not clearing the fee on completion, interest will be paid on the fee amount over the entire term of the loan, so this may not be the best option for everyone. 

What if I am buying a home? 

Those with home purchases agreed should also aim to secure rates as soon as possible, so they know exactly what their monthly payments will be. 

Buyers should avoid overstretching and be aware that house prices may fall, as higher mortgage rates limit people’s borrowing ability and buying power.

How to compare mortgage costs 

The best way to compare mortgage costs and find the right deal for you is to speak to a broker.

This is Money has a long-standing partnership with fee-free broker L&C, to provide you with fee-free expert mortgage advice.

Interested in seeing today’s best mortgage rates? Use This is Money and L&Cs best mortgage rates calculator to show deals matching your home value, mortgage size, term and fixed rate needs.

If you’re ready to find your next mortgage, why not use L&C’s online Mortgage Finder. It will search 1,000’s of deals from more than 90 different lenders to discover the best deal for you.

> Find your best mortgage deal with This is Money and L&C

Be aware that rates can change quickly, however, and so if you need a mortgage or want to compare rates, speak to L&C as soon as possible, so they can help you find the right mortgage for you. 

Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage 

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