Property with potential for auction

A mixed-use property with a four-bedroom house and commercial unit is heading to auction.

Located in Walnut Road in Chelston, it has a freehold guide price of £240,000 to £260,000.

 

 

 

 

 

 

 

It is among 178 lots listed in the latest auction (18th Sept) being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Auction Appraiser James Lofthouse said: “This two-component property is an investment or owner-occupier opportunity with a self-contained retail or office unit and a spacious self-contained four-bedroom house.

“It is close to amenities, national chains and other residential properties while Torquay railway station and seafront are nearby.

“The house would benefit from refurbishment and applicants may see potential for sub-division, while the existing layout offers potential for a variety of uses, subject to all the necessary consents.”

Watch the video: https://www.cliveemson.co.uk/properties/252/17/

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Also in Torquay, a two-bedroom bungalow in Swedwell Road has a freehold guide of £250,000 plus.

James said: “This bungalow occupies a generous corner plot, with a driveway and integral garage.

“It requires modernisation yet offers potential for extension or further development subject to all the necessary consents.”

The bungalow is being auctioned in arrangement with John Lake Estate Agents of Torquay.

Watch the video: https://www.cliveemson.co.uk/properties/252/131/

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In Paignton, a three-storey terraced house has a freehold guide of £145,000 plus. Located in Winner Street, it has three bedrooms and a back garden.

It is being auctioned in arrangement with Eric Lloyd & Co of Brixham.

Watch the video: https://www.cliveemson.co.uk/properties/252/58/

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In Totnes, a freehold yard and storage land with gated access has a freehold guide of £35,000 plus.

Located close to the town centre, via Mill Tail, it extends to 0.04 acres (0.01 hectares). It offers potential for parking or future development, subject to all the necessary consents.

The site is being auctioned jointly with Vickery Holman of Exeter.

Watch the video: https://www.cliveemson.co.uk/properties/252/41/

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Land and property for auction in Plymouth

A two-bedroom house in Plymouth is heading to auction with a freehold guide price of £85,000. (WED SEPT 18)

The mid-terrace in Victory Street is among 178 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.

Auctioneer David Henwood said: “This two-bedroom house is situated in an established residential area.

“It now requires a programme of refurbishment and modernisation whether for letting, owner occupation or resale on the market.”

The property is being auctioned jointly with Tuffins Property Management and Lettings of Plymouth.

Watch the video: https://www.cliveemson.co.uk/properties/252/151/

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Investment property offers strong return

A high-yielding investment property in Barnstaple is being auctioned with a freehold guide price of £475,000 to £525,000. (WED SEPT 18)

Located in the town centre at 87 Boutport Street, the property’s ground floor is currently let out for use as a bar.

 

 

 

 

 

 

 

Its three upper floors are used as a house of multiple occupancy (HMO) and there is a separate one-bedroom flat to the rear.

Currently fully let, the components of the property together deliver a return of £91,080 per annum.

The property is among 178 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.

Auctioneer David Henwood said: “This is a high yielding property that is currently fully let and generating a strong annual income.

“Interested applicants may wish to consider the long term potential of converting the upper floors into multiple self-contained flats, subject to all the necessary consents.

“The property is situated in the town centre which, thanks to the Government's national Future High Streets Fund (FHSF), is currently subject to a range of potential regeneration projects which aim to improve the community's experience of the town, drive growth and ensure future sustainability.”

The bar is let on a five-year commercial lease from September 2023. There are a total of 11 rooms in the HMO.  All are fully let. The self-contained flat is let on an assured shorthold tenancy agreement.

With a sale at the midpoint of its guide, the property has the potential to deliver a gross yield of 18%, not including annual running costs.

The property is being auctioned in arrangement with Midwinter Koval of Barnstaple.

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Town centre property offers strong return

A ‘substantial and versatile’ former farmhouse with five bedrooms in north Devon is coming to auction.

Old Hescott Farm House, at Hartland, near Bideford, has a freehold guide price of £370,000 plus.

Auction Appraiser Steve Appleby said: “This a wonderful opportunity to acquire a substantial and versatile old farmhouse located in the Hartland Area of Outstanding Natural Beauty.

“It offers versatile living accommodation with bathrooms on both floors, a study, workshop area, large living room, dining room, and kitchen breakfast room.

“Old Hescott has the potential to be split into two dwellings, giving ample accommodation for both, subject to all the necessary consents. It is expected to be an attractive proposition for investors at auction.”

Steve added: “It has also previously been used as a successful bed and breakfast.

“Clearly it could also be used for a similar purpose once again although it would also make a lovely family home.”

Watch the video: https://www.cliveemson.co.uk/properties/252/49/

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A top floor holiday apartment at Westbeach Resort, Westward Ho! has a leasehold guide of £100,000 plus.

 

 

 

 

 

 

 

The two-bedroom flat with sea views has the remainder of a 125-year lease from February 2012.

Steve said: “This modern development is located on Bath Hotel Road, within easy reach of local shopping and amenities in Nelson Road while Bideford town centre is approximately three miles away.

“We have been informed by the seller that between 2021 to 2023 the income generated from holiday lettings was approximately £45,000 although interested parties should make their own investigations prior to auction.”

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Flats set to appeal to investors

A recently refurbished flat in Crediton is set to draw interest from investors at auction. (WED SEPT 18)

The second-floor property has a leasehold guide of £115,000 and has the remainder of a 999-year lease from January 2023.

Auction Appraiser Steve Appleby said: “This recently refurbished second floor flat is located in central Crediton within easy reach of bus and railway routes and local amenities.

“It is well presented throughout and is considered ideal for owner-occupation or investment landlords.”

Watch the video: https://www.cliveemson.co.uk/properties/252/92/

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Also in Crediton, a three-bedroom maisonette in the High Street has a leasehold guide of £70,000 plus.

The town centre property is split over two levels and has the remainder of a 125-year lease from December 2007.

Watch the video: https://www.cliveemson.co.uk/properties/252/55/

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Near Exeter, a top-floor flat in a period property in the village of Kenn has a leasehold guide of £85,000 plus. 

The two-bedroom apartment at Trehill House has the remainder of a 999-year lease from 1986.

Watch the video: https://www.cliveemson.co.uk/properties/252/167/

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Village life on offer at auction

A cottage in a ‘picturesque’ village near Holsworthy has a £115,000 freehold guide price at auction. (WED SEPT 18)

Clematis Cottage, in Clawton, is among 178 lots in the latest sale by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Auction Appraiser Steve Appleby said: “This is a recently refurbished two-bedroom cottage is in the centre of a picturesque village.

“It comes with parking, a courtyard and a garden with a lawn and large storage shed. We expect interest from owner-occupiers as well as investors.”

Clematis Cottage is being auctioned in arrangement with Webbers of Launceston.

Watch the video: https://www.cliveemson.co.uk/properties/252/97/

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Mixed-use site for investment

Investment buyers are expected to show keen interest in a mixed-use property in Tiverton town centre. (WED SEPT 18)

The building in Bampton Street comprises two ground floor retail units and three self-contained flats above. They are all fully let at a total of £32,799 per annum.

With a freehold guide price of £225,000 plus, it is among 178 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.

Auction Appraiser Steve Appleby said: “This property is expected to be an attractive proposition for investors at auction.

“In a prominent town centre location, it is already fully let and offers an immediate return on investment.”

One of the ground floor units is used as a barber’s and nail technician, while the other is a clothes shop. Each of the flats has one bedroom.

Watch the video: https://www.cliveemson.co.uk/properties/252/111/

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In the village of Ashreigney, close to Chulmleigh, a newly built three-bedroom detached house has a freehold guide of £360,000.

Steve said: “The property build was completed in April 2023 and offers spacious living accommodation looking out to the private garden from the living room, whilst enjoying far reaching countryside views beyond.

“It benefits from solar panels, air source heat pump with underfloor heating on both the ground and first floors. The rear of the property is south facing and enjoys most of the day’s sunshine.”

Watch the video: https://www.cliveemson.co.uk/properties/252/142/

 

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 for the current auction, the sixth of the year, goes live on Monday September 16 and ends on Wednesday September 18.