Clive Emson Essex May auction results
Clive Emson - Darling bids of May across Essex
It was among 150 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered on behalf of the executor is 144/144A, 144B High Street, as well as cottages to rear, were sold for £323,000 at the firm’s auction which ended on Wednesday 1 May.
Regional Director & Auctioneer Paul Bridgeman said: “This commercial investment and development opportunity generated strong interest.
“Our buyer could see the benefit of ongoing investment in a property made up of a ground floor commercial investment with flat above, in need of modernisation and improvement, a former coach house with potential, and two three-storey cottages in need of finishing off.”
The property is within close proximity of other shops, bars, cafes and restaurants, as well as recreational facilities available at Maldon's Hythe Quay and Promenade Park.
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A substantial attached property with plenty of potential in Colchester also went under the auctioneer’s gavel.
Blackheath Lodge at 27 Blackheath, offered jointly with Boydens, was sold for £325,500 freehold.
Paul added: “We had strong interest in this established building which needs modernisation and improvement throughout.
“Our bidders could see the potential that building may lend itself to sub-division or re-development, subject to all necessary consents being obtainable.”
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A house with potential but needing some light refurbishment in Ilford was sold.
Offered jointly with Belvoir!, 182 Barley Lane, Goodmayes went under the auctioneer’s gavel at £355,000.
Senior Auction Appraiser Russell Hawkes said: “Strong pre-sale interest in this semi-detached house situated in a very popular and convenient residential area, translated into competitive bidding.
“Our bidders recognised the potential to add value by extending to the rear, into the roof space or by reconfiguring the accommodation, subject to all necessary consents being obtainable.”
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A detached house in a popular residential location south of Chelmsford was also sold.
Three-bedroom 28 Winchelsea Drive in Great Baddow, offered jointly with Bond Residential, went under the auctioneer’s gavel this week at £310,000.
Paul said: “We had good interest in this classic auction property – a house needing improvement, but with potential.
“Our bidders noted that the garage and workshop may offer potential for conversion to a home office or separate annex, subject to all necessary consents being obtainable.”
Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.
The next auction, the fourth of eight this year, ends on 12 June, with bidding live 48 hours before. Lot entries close on 20 May, with the catalogue available from 24 May.
See https://www.cliveemson.co.uk/ for more details.