A former police station in Papworth Everard fetched raised almost £270,000 at auction.
The land that the former station sits on, in Ermine Street South, has planning permission for two houses and was sold to a developer.
It was sold for £268,000 - £18,000 more than its guide price.
The site was previously used by Cambridgeshire Constabulary as a police service facility. It currently features two single-storey brick buildings and a single garage.
South Cambridgeshire District Council has already granted outline planning permission to demolish all buildings and replace them with two detached residential properties, each with gardens and parking.
Ian Kitson, from Cambridgeshire-based auctioneers Cheffins, which conducted the sale, said the interest in the site continued to demonstrate the ongoing strength of the local property market.
He said: “It underlines the scarcity of such opportunities and confirms the premiums that developers are currently willing to pay to secure such schemes.
“Sites similar to this – in a well-regarded village outside Cambridge with potential for new homes – will continue to attract those who want a high quality development opportunity.
“This site in particular generated some fierce bidding and there were plenty of pre-sale enquiries. It was eventually sold to a local developer who is well known for high spec housing schemes.”