A house needing improvement in a popular residential area of Harwich was sold at auction this week. (thur 24 july)
Semi-detached 38 Highfield Avenue was among 170 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered jointly with Harwich Village Homes, it went under the gavel at £190,000 freehold at the firm’s auction which ended on Thursday 24 July.
Regional Director & Auctioneer Paul Bridgeman said: “Our purchaser has acquired a house well placed for the seafront, recreational facilities and town centre shops and transportation links.
“Bidders recognised the potential in a three-bedroom property which is in need of general modernisation and improvement. We considered it would make a great family home or could be let to generate a good income once works have been carried out.”
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A detached building arranged as two self-contained flats in Clacton-on-Sea has been sold as an investment opportunity.
Flats 1 & 2 at 80 Wellesley Road was offered jointly with Nicholas Percival and Bonds with a freehold guide price of £200,000 to £210,000, however, the property was sold prior to the auction taking place.
Paul Bridgeman added: “I was not surprised to see this one snapped up quickly. Currently fully let and generating £16,416 per annum in rent, we considered this property to be ideal for continued investment – and the purchaser agreed.”
One-bedroom Flat 1 is on the ground floor and has sole use of the garden. It is let under the terms of an assured shorthold tenancy agreement at a current rental of £681 per calendar month. Two-bedroom first floor Flat 2, is let on the same terms at £687 pcm.
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A two-bedroom chalet in the coastal community of Jaywick, near Clacton, which was offered with a freehold guide price of £40,000-plus with vacant possession, was sold prior to the auction taking place.
Detached 61 Brooklands Gardens is a residential property situated close to the seafront and community centre at Jaywick
Jaywick is located approximately 2.5 miles along the coast from Clacton-on-Sea which has further comprehensive shopping, supermarkets, recreational facilities and transportation links, including mainline railway station to London (Liverpool Street).
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An apartment with direct access to a communal garden in Westcliff-on-Sea went under the auctioneer’s gavel. [pic, lot no 93]
Ground floor 193 Carlton Avenue was sold for £95,000 freehold after competitive bidding.
Auction Appraiser Paul Wood said: “We had strong pre-sale interest in this apartment located in a favourable part of Southend and which benefits from direct access to a communal garden.
“This translated into good bidding which has ended with a great result for both vendor and purchaser.”
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Almost an acre of overgrown land with potential in a village setting near Chelmsford was sold after a bidding war. [pic, lot no 39]
The land, on the south west side of Waltham Road in Boreham went under the gavel at £82,000 after 53 bids were received from two competing bidders.
Extending to 0.39 hectares (0.967 acres), the land fronts Waltham Road to the south of its junction with Holts Lane and backs on to Pads Lake in the village north east of Chelmsford.
Paul Bridgeman said: “This land prompted a classic bidding war which lasted right up until the last minute, concluding with an excellent result for our vendor with the sale price reaching more than £60,000 above the lower freehold guide.
“Our purchaser has acquired land which is largely overgrown with a disused former timber stable building along its northern boundary. However, it may well offer potential for alternative uses, 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 sixth of eight this year, goes live on Tuesday 16 September and concludes on Thursday 18 September. Closing date for entries is 26 August, with the catalogue available from 29 August.
See https://www.cliveemson.co.uk/ for more details.
If you have Essex property or land, which you would like to sell at auction, get in touch for a no obligation appraisal. It's a fast, accurate, and completely free assessment. Selling at auction could be the best decision you make this year. With speed, security, and competitive pricing, it's a great alternative to the open market.