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Victorian Water Mill just outside Ipswich up for auction

PUBLISHED: 14:56 26 September 2020 | UPDATED: 14:56 26 September 2020

Bucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONS

Bucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONS

Archant

A Victorian water mill just outside Ipswich with a “plethora of opportunities for redevelopment” has come up for auction.

Bucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONSBucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONS

Bucklesham Water Mill, in Newbourn Road, is being sold via a live-streamed auction on Wednesday, September 30 and is expected to fetch around £125,000 to £150,000.

According to the website Mills Archive, the mill was built in 1829.

It was largely run by the Daniel family throughout the 19th century, with the last miller being recorded as Henry Daniel in 1896.

The guide price for Bucklesham Water Mill is between £125,000 to £150,000.  Picture: GOLDINGS AUCTIONSThe guide price for Bucklesham Water Mill is between £125,000 to £150,000. Picture: GOLDINGS AUCTIONS

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Around 1977, the mill house was demolished and the mill building was converted into an office.

According to Luke Golding - of Goldings Auctions, which is selling the property - there are a range of possibilities for the property, subject to gaining planning permissions.

You could buy your own water mill near Ipswich for as little as £125,000. Picture: GOLDINGS AUCTIONSYou could buy your own water mill near Ipswich for as little as £125,000. Picture: GOLDINGS AUCTIONS

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He said: “We’re getting people looking at it for holiday lets – sort of upmarket Airbnbs.

“We’ve got a pushbike society that are looking to turn it into a bike cafe, with a little cafe downstairs and residential upstairs.”

But the three-storey property is on the floodplain meaning that the ground floor could not be developed into a residential space.

It is also believed you could own a small section of the river if you buy Bucklesham Water Mill, although this is still to be confirmed. Picture: GOLDINGS AUCTIONSIt is also believed you could own a small section of the river if you buy Bucklesham Water Mill, although this is still to be confirmed. Picture: GOLDINGS AUCTIONS

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Mr Golding said the mill owner could even own part of the river flowing past the building – but he is working to clarify whether this is the case.

Bucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONSBucklesham Water Mill is going under the hammer in a virtual auction on Spetember 30. Picture: GOLDINGS AUCTIONS

“We believe you own the water where the former mill turbine used to sit in the river,” he said. “So actually, in your title, you own a bit of the river bed.

“It’s a bit unusual, you don’t sell many properties with a bit of river.

“It’s very quirky and in a hugely sought-after area.”

For further information, contact Tim or Luke Golding on 01473 210200.


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