Nearly 40 investment properties feature in the May auction of Clive Emson Auctioneers.
The auction timers end on Thursday, 5 May, with bidding live two days beforehand.
James Emson, Managing Director, said: “With costly inflation now at 7%, and forecast to hit upwards of 9% by December, savings are losing value in real terms.
“Property investors look long-term, ploughing savings and borrowings into buying property, with the prospect of capital growth aligned with inflation-beating rental yields.
“There really is something for all budgets in our auctions, of which the May one is the third of eight over the year.”
One of the investment properties in the auction, with 111 lots listed, is a former Hampshire pub converted into nine flats and currently let at £51,000 pa; it is listed at £750,000-plus and close to the University of Portsmouth’s campus (lot 79).
Video: https://www.cliveemson.co.uk/properties/233/79/
A mixed-used investment building at Bostall Hill, just to the east of Woolwich, London, comprising a double shop unit with three flats and generating £44,400 pa, has a £650,000-plus estimate (lot 109).
Currently let at £36,674 pa is an attractive Victorian villa comprising five flats and an office in Torquay, south Devon. Guide price: £380,000-plus (lot 103).
In the seaside resort of Bournemouth, Dorset, a studio flat is guided £55-65,000 and is let at £395 per calendar month (lot 16).
Currently let at £26,100 pa, a house and cottage close to the mainline Bognor Regis railway station in West Sussex, and on a single freehold title, has a £300-325,000 estimate (lot 39).
Video: https://www.cliveemson.co.uk/properties/233/39/
A mixed high street property investment at the Isle of Wight’s capital town Newport has a £250,000-plus estimate – a bakery shop and two flats generate £25,400 pa (lot 69).
Freehold investments are also being auctioned.
Close to Westcombe Park railway station is a terraced three-bedroom house in Blackheath, London, with an estimate of £625-650,000 and “for improvement” (lot 88).
Video: https://www.cliveemson.co.uk/properties/233/88/
With planning consent for conversion into three houses, or sub-division into flats, a former care home in Sheerness Kent, is guided £400-420,000 (lot 95).
Video: https://www.cliveemson.co.uk/properties/233/95/
In Thurrock, Essex, a three-bedroom detached house has a £375,000-plus estimate (lot 101). Video: https://www.cliveemson.co.uk/properties/233/101/
A former plum orchard in the sought-after coastal village of Dittisham, South Hams, south Devon, with panoramic views across the River Dart, is guided £40,000-plus (lot 73).
In a receivership instruction, at the harbour town of Falmouth, south Cornwall, a terraced home previously used as flats is guided at £475,000-£500,000 (lot 61).
Video: https://www.cliveemson.co.uk/properties/233/61/
Clive Emson, which works with a network of 850-plus estates agents, sold 80% of 132 lots in the March auction, raising £26m, with nearly 2,500 unique bidders.
A company record was broken with a lot near the River Thames in Essex – the exchanged contract was for just over £5.4m, whilst the lowest value lot went for £1,000.
He added: “The March auction also recorded the highest number of people using the proxy bidding service, which was launched earlier this year following feedback.”
Using the service, potential buyers enter their maximum bids during the auction; the automated system then bids on their behalf to the limit set.
Ends
Press release issued by Deep South Media on behalf of Clive Emson Auctioneers.
