May the fourth be with you on auction day

Properties and land across Essex were sold at auction this week.

They were among 131 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers, which ended on Thursday 4 May.

Included was five acres of land with potential – and a river running through it – in Purfleet.

tank hill road clive emson auctionLand off Tank Hill Road went under the auctioneer’s gavel for £250,000 freehold.

 

Director and Auctioneer Paul Bridgeman said: “Land sale traditionally do well at Clive Emson auctions – and this one was not different.

 

“What is there not to like about more than five acres of land with a river running through it, despite it being overgrown? Our buyer certainly agreed.

 

“We considered that the land may well offer potential for alternative uses, subject to all necessary consents being obtainable.”

 

The vacant parcel of land, extending to approximately 2.10 hectares (5.20 acres), is held under one freehold title and is dissected by the Mardyke river, which flows as a tributary into the River Thames.

 

There is residential housing to the south of the site and commercial units and a public footpath towards the northern boundary.  There is also a pylon situated to the north of the Mardyke.

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A semi-detached house needing improvement, three-bedroom 6 Bata Avenue in East Tilbury, was sold for £238,000 freehold after strong interest.

bata avenue clive emson auctionDirector and Auctioneer Kevin Gilbert said: “Our bidders agreed that this 1930s-built semi, although in need of some improvement, had potential to be a family home or could be let to provide a good income once works have been carried out.”

 

The property is situated in the popular and established village of East Tilbury, approximately five and a half miles east of Grays town centre, with main road connections for the A13 to the north.

 

East Tilbury is served by its own railway station (C2C) providing regular services to London Fenchurch Street. There are local schools and a small shopping parade providing local day-to-day facilities nearby.

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A property in the coastal village of Jaywick, near Clacton, was sold at the auction.

tamarisk way clive emson auctionOffered jointly with Village Estates, 4 Tamarisk Way went under the gavel at £47,000.

 

The property is let on an assured shorthold tenancy agreement at a current rental of £150 per week, the property generates £7,800 per annum.

 

Less than three miles from the attractions and facilities of Clacton, the property includes a living room, kitchen, two bedrooms and bathroom. Outside there is a yard to the front of the property.

 

Paul added: “We had strong interest in this residential investment property is situated close to the seafront at Jaywick

 

“It is situated in an area that is undergoing regeneration and that may have prompted the competitive bidding which achieved a great result for both vendor and purchaser.

 

“We considered it suitable for continuing investment as it generates a good income.”

 

Jaywick was built in the 1920s on land unsuitable for agriculture as low cost, affordable holiday homes for working-class families and was popular in the 1930s. Housing shortages after the war meant the properties became permanently inhabited.

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An auction bidding war erupted before a vacant lock-up store with potential in Great Dunmow went under the auctioneer’s gavel.

 

The Studio in Buckingham Court, The Close, to the south of Great Dunmow town centre in a residential location, was sold for £23,500.

The Studio clive emson auctionPaul said: “We had strong pre-sale interest in this property which translated into sustained bidding which saw the sale price more than double the freehold guide.

 

“We considered that this ground floor property with two rooms may offer potential for alternative uses, subject to all necessary consents being obtainable, and our bidders agreed.

 

“Although we don’t know the buyer’s intentions, it will be fascinating to find out what happens to this interesting building.”

 

The Close is just off Chelmsford Road (B1008) and approximately half a mile north of the junction with the A120, connecting to Braintree, Stansted Airport and the M11.

 

The Flitch town of Great Dunmow has a good range of local shops, bars, cafes and restaurants as well as supermarkets and recreational facilities.

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 Thursday 15 June. Closing date for entries is 22 May with the catalogue available from 26 May.

 

See https://www.cliveemson.co.uk/ for more details.