Residential properties sell at auction

Houses in Penryn, Redruth and Hayle have sold through Clive Emson Land and Property Auctioneers.

A three-bedroom terraced house in Bay View Terrace, Hayle, went for more than £50,000 above its freehold guide price.

It eventually fetched £202,000, well in excess of its guide of £150,000 plus.

Senior auction appraiser Katie Semmens said: “Properties of this quality in pleasant residential locations remain in strong demand among owner occupiers and landlords.”

A modern, three-bedroom house in Gweal Pawl, Redruth, fetched £190,000.

Katie said: “The buyer has acquired a house that is well situated for Redruth's town centre, along with all local amenities and transport links.

“They may well wish to call it home although it would also make a great addition to a rental portfolio.”

The house was listed with a freehold guide of £172,000 plus and auctioned in arrangement with MAP Estate Agents of Redruth.

In Penryn town centre, a terraced cottage sold prior to auction.  The two-bedroom house in The Terrace was listed with a freehold guide of £128,000 plus.

It was auctioned jointly with MAP Estate Agents of Redruth.

They were among 135 lots listed in the latest auction by Clive Emson, one of the top five property auctioneers in the UK.

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Land snapped up

Two parcels of land in St Austell fetched a total of £47,100 at auction after each being listed with freehold guide prices of £500 plus.

Cornwall Council instructed the sale of the plots off Eliot Road.  One parcel of land, adjacent to 48 Eliot Road with road access, fetched £31,550. The second, located next to 36 Eliot Road, went for £15,550.

Both measure approximately 0.02 hectares (0.05 acres). The same buyer purchased both parcels of land.

Auctioneer David Henwood said: “There was keen interest in these parcels of land.

“With their location in an established residential area, the new owner may consider a range of future uses for the two sites, subject to the necessary consents.

“Land remains in demand, especially sites already benefitting from planning permission.”

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Former bakery in demand

A substantial commercial property in Penzance previously used as a bakery has sold at for £186,000.

The property at 40-42 Causewayhead went for £66,000 above the lower end of its freehold guide price, which was £120,000 to £150,000.

 

 

 

 

 

 

Auctioneer David Henwood said: “There was keen demand for this freehold property in a pedestrianised part of Penzance town centre.

“Although suffering some fire damage, the premises clearly attracted the interest of bidders who saw the potential on offer.

“The new owner now has various options, including a comprehensive programme of improvement works or some form of development scheme, subject to all the necessary consents.”

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Land with planning permission

Development land on the edge of Bodmin Moor fetched twice its freehold guide price at auction.

The site at Trewint - with planning permission for a three-bedroom detached house - sold for £95,100.

Extending to 0.28 hectares (0.68 acres), it had a guide of £40,000 to £50,000.

Auctioneer David Henwood said: “With housing and development land in short supply, sites of this kind will remain in demand.

“The new owners have the opportunity to build out the planning permission or may have another scheme in mind, subject to the necessary consents.”

A two-bedroom house in Little Meadow, Wallace Road, Bodmin, sold for £100,000 against a freehold guide of £92,000.

The property was auctioned in arrangement with View Property of Launceston.

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Apartment block sells auction

The freehold of a block of seven flats in Torquay has sold for £408,000 at auction.

Westwood Villa, in Abbey Road, was among 135 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.

Senior auction appraiser Audrey Smith said: “Westwood Villa was a favourite among property investors at our latest auction.

“The new owner has acquired a substantial property in a central location popular with residents and holiday makers.”

Westwood Villa was listed with a freehold guide of £400,000 plus. It has a mixture of two and three bedroom flats with parking to the front of the building.

The property was auctioned jointly with Bettesworths of Torquay.

 

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 ends on Wednesday, 20 March, with bidding opening 48 hours beforehand. Lot entries close on Monday, 26 February, with the catalogue available from Friday, 1 March.

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