Freehold land in a good residential area of Paignton went under the auctioneer’s gavel this week.
Land Adjacent 77 Lancaster Drive was among 137 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Competitive bidding led to the land selling for £31,000 – 50 per cent up on the guide price – at the firm’s auction which ended on Wednesday 1 November.
Auction Appraiser Tom Lowe said: “We had strong pre-sale interest in this parcel of fairly level land which is sandwiched between a playpark and a residential dwelling, located on a quiet road.
“We had considered that there may be potential for a variety of uses, subject to all necessary consents being obtainable, and our bidders agreed. It will be interesting to see what future holds.”
The land has had previous planning applications refused by Torbay Council.
- Land with potential adjacent to Highcroft Park in Chudleigh, near Newton Abbot, was sold for £19,500 freehold after strong bidding.
The two parcels of land border a small private estate on the outskirts of the town but remain in close proximity to the town centre with its numerous amenities.
Tom added: “Our bidders recognised that the land – extending to 0.2 hectares (0.5 acres) – is considered to have potential for residential development, subject to all necessary consents being obtainable.”
Chudleigh’s location benefits from easy access to the A38 which leads to Plymouth westbound or Exeter and the M5 eastbound.
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 final one of eight this year, goes live on Monday 11 December and ends on Wednesday, 13 December. Deadline for entries is 20 November with the catalogue available from 24 November.
See https://www.cliveemson.co.uk for more details.
