Flats appeal to investors at auction
Apartments in Exeter and east Devon drew interest from buyers at auction.
In Seaton, a leasehold ground-floor flat sold for £70,000. The one-bedroom property at Highclyffe Court in Highcliffe Close is set above Seaton Hole on the Jurassic Coast.
It was auctioned with the remainder of a 999-year lease from January 1986. It had a guide of £65,000 plus.
A studio flat in Lansdowne, Woodwater Lane, Exeter, sold for £78,000 – well above its leasehold guide of £70,000 plus.
With one bedroom, it was sold with the remainder of a 999-year lease from 1981.
Senior Auction Appraiser Audrey Smith said: “Apartments remain in demand from a number of purchasers.
“They include first time buyers, investors seeking to add to their portfolio and builders who can add value through refurbishment for onward sale.”
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Buyer snaps up Torquay property
A commercial property in Torquay town centre has sold through Clive Emson Auctioneers.
The building in Union Street, opposite the town hall, was among 165 lots listed in the auction house’s latest sale.
However, the property – with planning permission for conversion of its upper two floors into flats - sold prior to auction.
Senior Auction Appraiser Audrey Smith said: “This prominent and well-located property attracted keen interest prior to the auction.
“The new owner made an on offer which was accepted by the vendor. This can occasionally happen when a potential purchaser is keen to acquire a property rather than let it advance to open market sale at auction.
“Planning permission, in this case for residential conversion, can enhance a property’s draw and value.
“The new owner now has the option to follow this scheme or may have other ideas in mind, all subject to the necessary consents.”
Land in Torquay with outline planning for up to three homes sold at the auction for £70,000.
The freehold plot at Warberry Heights is in an elevated position on a corner plot in a residential area offers views across Torquay towards Dartmoor.
It was auctioned in arrangement with Bettesworths of Torquay.
* In Newton Abbot, a freehold yard and storage land with padlock gated access fetched £27,505.
Located close to the town centre in Highweek Road, it was listed with a freehold guide of £15,000 plus.
* In Buckfastleigh, a two-bedroom investment property sold for £85,000 – well above its freehold guide of £55,000 plus.
The recently refurbished, mid-terrace in Orchard Terrace is let to a tenant at a rental of £695 per calendar month (£8,340 per annum).
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A Georgian style house with development potential on nearly half an acre near Langport has been sold. (WED JULY 24)
Chatham House, in the High Street at Curry Rivel, was listed for auction with Clive Emson Auctioneers at a freehold guide price of £375,000 plus.
But a keen buyer lodged on offer in excess of the guide prior to the auction, which was accepted by the vendor.
The four-bedroom detached property has a cellar and rear annexe, and sits on a ‘superb grounds’ extending to 0.18 hectares (0.43 acres) with a large mature garden, parking and garage.
Senior Auction Appraiser Audrey Smith said: “The new owner clearly recognised the excellent opportunity to acquire a four-bedroom Georgian-style character property in superb grounds.
“They were keen to acquire the property before it came to auction and made an offer in excess of the guide, which was accepted by the vendor.
“The new owner has various options before them. There may be potential for subdivision of the current property and development of the garden to form a further dwelling or an extension of the existing property, subject to all necessary consents.
“Alternatively, it would make a lovely family home in an idyllic village following a programme of updating.”
Chartham House was among 165 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
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.
Bidding at the next auction by Clive Emson Auctioneers, the sixth this year, is live from 16 September, concluding 48 hours later. The deadline for lot entries is 27 August, with the catalogue live on 31 August.
Visit https://www.cliveemson.co.uk for more details.