Summary - 3 Old Market PE13 1NJ
5 bed 1 bath Terraced
Auction opportunity for rental income and redevelopment potential in central Wisbech.
Guide price £260k–£280k; auction 14th October
Freehold mixed-use mid-terrace; commercial ground-floor office
Approx. 2,347 sq ft over basement, ground and two upper floors
Five bedrooms, multiple reception rooms; flexible basement layout
Sold at auction — £1,500 contract fee plus possible seller charges
Solid brick, likely no insulation; requires refurbishment and updating
Medium flood risk; located in high-crime, deprived area
Enclosed rear garden; cheap council tax, excellent mobile and fast broadband
Offered for sale by auction, this freehold mixed-use mid-terrace in central Wisbech combines a ground-floor commercial office with substantial multi-storey residential accommodation above. The property totals approximately 2,347 sq ft across basement, ground and two upper floors and includes five bedrooms, multiple reception rooms and an enclosed rear garden. The guide price is £260,000–£280,000 with auction on 14th October.
The ground-floor office benefits from a glazed shopfront and separate commercial access, making it suitable for continued trading or letting. The residential sections provide flexible living space: a basement kitchen/lounge and bedroom/dining area, a ground-floor reception, first-floor living and sleeping space, and three second-floor bedrooms. Services are mains gas with boiler and radiators; the building is solid-brick (likely no cavity insulation) and dates from the early 1900s.
This lot is best suited to investors or buyers prepared to refurbish: the property will be sold at auction with a buyer’s contract fee of £1,500 and potential additional seller charges on completion. Prospective purchasers should carry out their own surveys and commercial enquiries – the commercial unit has separate business rates and its own EPC. Note the area has medium flood risk and higher local crime and deprivation indices, which may affect lettability and insurance costs.
Location is a practical advantage: the Old Market sits in the town centre with extensive amenities, good mobile and fast broadband, and nearby schools rated Good. The building offers scope for refurbishment, redevelopment or mixed-use income, but requires investment to modernise heating, insulation and internal finishes. Buyers should budget for improvement works and factor auction conditions into their bidding strategy.
Commercial property for sale in Old Market, WISBECH, PE13 — £270,000 • 4 bed • 1 bath • 2347 ft²
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