Subserie 2 - Magdalene Street Estate (Storey's Charity), 1923

1 item, paper

Sale prospectus containing particulars, plan, and conditions of sale for freehold property known as 'The Magdalene Street Estate' including Nos. 15 and 16 Magdalene Street, The Old Tan Yard with cottages and buildings.

Sold by Messrs J. Carter Jonas & Sons at the Lion Hotel in Cambridge (to be sold as one lot).

According to ‘Cambridge Revisited’ (1921) No 15 Magdalene Street was the residence of Edward Storey (died 1693), formerly an Alderman of Cambridge and founder of Storey’s Charity.

British History Online has this description:

Storey’s almshouses were founded probably soon after 1729 under the will of Edward Storey (d. between 1692 and 1712). They comprised three houses in Northampton Street for four widows of clergymen and houses adjoining them in Rowley’s Yard for two widows and four spinsters from certain Cambridge parishes. The charity was endowed with considerable landed estates and its endowment was increased by later legacies. In 1843 the clergy widows’ almshouses were rebuilt in Mount Pleasant. They were let from 1921 and the income from that part of the charity was used to pay pensions to the widows of clergymen: in 1952 £3,175 was divided between 54 widows. The widows’ and maidens’ almshouses were also rebuilt in 1843, in Shelly Row. Much of the charity’s property has now been sold: its income from rents and stocks was over £9,800 in 1952. Since 1891 the surplus has been given to pensioners with the same qualifications as the almspeople.