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BIDDING WAR NETS £162,000

BIDDING WAR NETS £162,000

A three-bedroom house in Southsea went under the hammer for £162,000 in a bidding war.

The receivership property at 41 Talbot Road, pictured, among 138 lots being sold by Clive Emson, Britain’s largest independent regional land and property auctioneer, went for £12,000 more than the guide price.
Mike Marchant, auction valuer, said: ‘We were instructed by receivers to the sell the freehold property and there was keen bidding interest, with the final bid coming in at £12,000 above the guide price. ‘The partially refurbished house offers accommodation across three floors and is considered very worthy of the works required to complete the improvements. ‘It is considered that the property would make an ideal addition to a lettings portfolio or for resale into the local market, once the necessary works have been completed.’

Land with planning permission for a two-storey house, a three-story rear extension and double garage with hardstanding went for £55,000, which was £20,000 above the freehold guide price. It is adjacent 81 Leominster Road, Portsmouth.

St Peter’s Farm, on a 1.65-acre freehold plot at Church Lane, Hambledon, fetched £200,000. Re-available: Waterlooville Social Club at 16 Aston Road, Waterlooville. The freehold guide price was £320-340,000.
Also on the market is a freehold former rectory arranged as eight flats. Stokehurst, at 35 Anglesey Road, Alverstoke, Gosport, is currently let at £29,700 per annum. The guide price was £500,000.
Clive Emson, which works with 850 estate agents across southern England, holds the next auction at 11am at the same venue, the Ageas Bowl, on Monday, September 11th 

Source Portsmouth News - Property News