£25m: Biggest-ever residential deal for Cambridge

Having successfully completed a £25m sale of more than 40 terraced Victorian houses plus some flats in the Mill Road area (pictured) of Cambridge, Blues Property is now looking for “a dozen houses-plus for sale in the area”.

“The properties were all sold as one job lot to an investment company in London,” owner of Blues Property, Ian Purkiss, said. “It was a portfolio – a collection of houses with HMOs (a house in multiple occupation) and a few flats as well. They were sold of £25m and there’s a demand for them, so we’re now looking for a dozen houses-plus for sale in the area.”

The identity of the purchaser has not been made available, but it is said to be the largest-ever deal for residential property in the city, confirming Cambridge as a unique property asset.

More at bluesproperty.com.

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