Clive Emson Auctioneers steps into the spring auction with 139 lots across southern England, with guide prices of £850,000-plus to nil reserves.
James Emson, Managing Director, said: “As always, we have a diverse range of land and properties with an abundance of opportunities to suit all types of budgets. They include 30 investment lots with rental incomes and 64 as vacant residential properties.
“With inflation peaking last November at a 41-year high of 11.1%, and subsequently starting to fall back, investors may feel more confident about improved yields from rents whilst complementing long-term capital growth.
“By way of example, an HMO with eight letting rooms in Southsea, Portsmouth, let at £43,200 per annum, would provide a gross yield of nearly 10%, just under the current rate of inflation, at the top end of the £420-440,000 guide price (lot 75).”
Coastguards used to live at a detached house on the seafront at Seasalter, just west of Whitsbury in Kent and overlooking the Thames estuary tidal channel called The Swale. Arranged as three units the property was previously used as holiday lets generating £53,000 per annum. Guide price: £550,000-plus (lot 62).
For buyers looking for waterside locations, another one is available in Fowey, Cornwall, called The Riverside Gallery at Golant, on the west bank of the River Fowey. Guide price: £175,000-plus (lot 76). Picture attached.
Nearly 1.7 acres of the riverbed and foreshore at Queenborough, Kent, near Sheerness, have a nil reserve and is being sold on the instructions of trustees (lot 103).
Also with a nil reserve, a private roadway and adjoining land, fronting the River Camel in Camelford, Cornwall, comes with riparian rights, including fishing, and provides access to a number of residential properties, a block of garages and a care home (lot 104).
With sea views from an elevated position above the fishing village of Newlyn, near Penzance in Cornwall, a former artist’s studio residence has a guide price of £225,000-plus (lot 132).
Eight acres of land with river frontage at Barcombe, Lewes, East Sussex, is guided at £270-280,000 (lot 137).
James said: “This is a rare opportunity to acquire a parcel of land extending to just over eight acres, with river frontage forming part of this popular tourist destination.
“The iconic Barcombe Mills is a local nature reserve and is an important area for wildlife, natural environment and water storage.
“The River Ouse and Andrew’s Stream, one of its tributaries, flow through the area, with Barcombe reservoir adjacent. The Ouse Angling Preservation Society enjoy fishing rights to the river, the land is at the River Ouse tidal limit and also on its flood plain.”
In Camborne, north-west Cornwall, a near-completed residential block of two maisonettes and five apartments is guided at £850,000-plus (lot 90).
In Sudbury, Suffolk, five vacant flats in one building have a guide price of £580-620,000 (lot 135).
Successful buyers have a chance to renovate an early 17th Century cottage in Cocking, near Midhurst, West Sussex.
Guided at £425-450,000, the residence on one-third of an acre, with “stunning views from an elevated semi-rural location”, has original features including an inglenook fireplace, original wood floors and exposed beams (lot 14).
Clive Emson Auctioneers’ March auction ends on Wednesday, 22 March, with bidding opening 48 hours beforehand.