Home News East Cambridgeshire Ely’s Historic Landmarks Could Be Sold for Just £1 Each
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Ely’s Historic Landmarks Could Be Sold for Just £1 Each

City of Ely Council may acquire three treasured buildings for £3 in total, preserving local heritage and community ownership.

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Three of Ely’s most cherished heritage buildings could soon change hands for a mere £1 each. In a move designed to protect and preserve local landmarks, East Cambridgeshire District Council has agreed in principle to sell the freeholds of The Maltings, Maltings Cottage, and Oliver Cromwell House to the City of Ely Council for a symbolic total of £3.

The city council already leases the properties and uses them as key cultural and tourism venues. The proposed sale aims to hand over full responsibility and ownership to the local authority, which many believe is better positioned to act in the community’s interests.

At a meeting of the district council’s finance and assets committee, councillors unanimously approved the offer, citing “community value” as justification for the nominal price tag. As the transfer would be between public bodies, the goal is not profit but preserving buildings that lie at the heart of Ely’s historic identity.

During discussions, councillors acknowledged the ongoing maintenance challenges associated with the sites. Officers noted that Maltings Cottage has deteriorated further than desired, while the timber-framed Oliver Cromwell House will always require substantial upkeep. The City of Ely Council is reportedly aware of these demands and is weighing whether to accept the ownership offer or renew its 25-year leases instead.

Councillor Alan Sharp, chair of the committee, emphasised that there was “no pressure” being applied either way, allowing Ely’s civic leaders the time to make the best decision for the city.

If accepted, the deal would ensure that these historic landmarks remain in local hands and continue to serve the people of Ely — not just as relics of the past, but as living parts of its cultural future.

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