Council house next door to Michelin-starred restaurant up for sale

The home is worth £750,000 and sits on the banks of the River Cam

Council house on doorstep of Michelin restaurant up for sale

This council house worth £750,000 could be the best in the UK – boasting river views and a pub next door.

The buyers of Ferry House in Cambridge will get a close-up view of the city fireworks display as well as festivals Strawberry Fair and Midsummer Fair - and the city's famous cows grazing by their garden.

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The council-owned property is next door to the Fort St George pub and the famous Michelin-starred Midsummer House restaurant.

But with a £228,500 deposit on the property the buyer would need to be earning £110,000 a year to get a mortgage, according to First Direct.

Ferry House has been vacant since October last year (2016) after it was used as a hostel by the Cyrenians charity and is described as a "rare opportunity to purchase in this excellent central location".

Credits: Cambridge News

Cambridge News

It boasts three bedrooms and bathroom, backing on to Midsummer Common and overlooking the River Cam and college boathouses although "improvement required" with a "potential to extend", reports Cambridge News.

The house had been leased to the Cambridge Cyrenians since 2002 and they made alternative arrangements in August 2016 moving to a more suitable property.

All unusual or high value properties are reviewed by the council if they become void to look at the best options for their future use or any alternative options and this one went through Housing Scrutiny Committee last September.

Cllr Kevin, the council's housing chief, said: "This is a very unusual property which had been leased to a charity for more than a decade but is now empty.

Credits: Cambridge News

Cambridge News

"The council always reviews properties like this to decide how best to use them after a tenant leaves, and we sell a handful of properties each year.

"It has become even more important given the government's High Value Levy which would require us to sell it off and give the capital receipt to the Treasury rather than reinvesting it in building new homes for Cambridge families on our waiting list.

"At the moment that proposal seems to be on hold and I would hope that the money from the sale of 1 Ferry House will be used with our Right to Buy receipts to build new council homes for at least four families."

Credits: Cambridge News

Cambridge News

The detached Victorian house stands back from the river behind a public footpath and a small fenced area containing a number of shrubs but the new owners will not be able to get a car to it as it has "no vehicular access".

Robert Couch, of Bidwells, said: "This is a wonderful opportunity for someone who wants to live in an amazing location in Cambridge on the south bank of the River Cam."

Cambridgeshire Parking Services have advised that parking permits may be available for The De Freville Avenue area. The current cost is £52 per annum (£26 for motorbikes) and visitors permits are £8 a permit, valid for up to five full days.

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