A beautifully situated cottage close to the heart of the Isle of Wight, as well as an opportunity to develop your dream home on the outskirts of Ryde, are among the 22 residential properties and sites set to go under the hammer in the latest Clive Emson online auction.
A total of 228 lots are included in the September auction, with bidding open from Tuesday 22nd September and closing 48 hours later.
The auction, which features a varied collection of Isle of Wight properties heading to auction, leads with a 5-bedroom Newport cottage guided at £350,000+ with more listings from family homes and tenanted investments to development land and properties requiring major renovation among the lots.
Virginia Cottage at 31 Castle Street, Newport, is being offered freehold with a guide price of £350,000-plus, boasting 5 bedrooms, 2 bathrooms, gardens, a garage and a self-contained annexe.
Island auctioneer Rob Marchant has said:
“The cottage retains many original features including the Aga in the kitchen whilst still having other built-in appliances in the oak and granite kitchen.
“The property has been extended to include what has served as a self-contained annexe used by the current owner while the main cottage was let for holiday use and, indeed, earned a Four-Star Gold Award by Visit England.
“Virginia Cottage offers significant flexibility for various potential uses, including, perhaps, multi-generational living, use as a holiday retreat or occupation by a larger family, subject to all necessary consents being obtainable.”
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Spence Willard are joint auctioneers.
Also towards the top of the price range is Tinkers Coppice in Victoria Avenue, Shanklin, a freehold detached 3-bedroom chalet bungalow occupying a 1-acre plot in a semi-rural location and guided at £330,000-£350,000. The property is, with Arthur Wheeler Estate Agents acting as joint auctioneers.
Mulberry Cottage in St Boniface Road, Ventnor, is meanwhile being offered at £250,000-plus. The freehold 3-bedroom cottageoverlooks Ventnor Tennis Club towards St Boniface Down.
A detached former guest house at 19 Carter Street, Sandown, carries a freehold guide price of £230,000-£250,000, having been converted into 4 flats after ceasing to trade as a guest house.
Rob has said:
“Since ceasing to trade as a guest house some years ago, the building was converted to suit the then owner’s needs, which included a large ground floor flat for her own use and with 2 flats on the first floor and a further flat on the second floor which provided a source of letting income.
“It is considered that the large ground floor apartment may have scope and potential for subdivision perhaps to provide 2 smaller flats, subject to all required consents being obtainable.
“Alternatively, prospective purchasers may wish to consider other uses or perhaps even site redevelopment with the building sited on a good-sized plot which at present includes car parking to the front.
“The top floor flat remains occupied under the terms of an assured periodic tenancy.”
Whitehouse Porter are joint auctioneers.
In St Lawrence, Keewadin on Undercliff Drive is a freehold detached house with 3 bedrooms, guided at £195,000-plus with Wright Estate Agents acting as joint auctioneers.
Sunny Dale in Apse Manor Road, Shanklin, is listed once again. The 2-bedroom freehold cottage is described as being in need of improvement, occupying an elevated position largely surrounded by woodland. Lot 177 is guided at £120,000-£130,000.
Investment opportunities include 15 Castle Street, Ryde, where a 3-bedroom terraced cottage currently producing £10,200 per annum is guided freehold at £120,000-£130,000.
In Newport, 20 Terrace Road is a 3-bedroom end-terrace house guided at £125,000-plus, offering good-sized accommodation across 2 floors and including 2 reception rooms.
Another Newport property, the 2-bedroom end-terrace house at 11 New Street, is currently let at £8,280 per annum and guided at £120,000-plus. The freehold property is with Chinneck Shaw acting as joint auctioneers.
Chinneck Shaw are also joint auctioneers for a 2-bedroom mid-terrace house at 6 Stanley Road, Cowes, which is currently let at £10,740 per annum and carries a freehold guide price of £120,000-plus.
Flat 1 at Salsette Court, 30 The Strand, Ryde, is a 2-bedroom ground-floor property with a garage, guided at £110,000-£120,000 and held on the remainder of a 999-year lease dating from September 1970.
Rob has said:
“We are advised that the flat is sold with a share of the freehold to the block.”
Seafields are joint auctioneers.
Also heading under the hammer is Douglas Studios in Town Lane, Sandown, a 3-bedroom freehold house requiring improvement, with 2 reception rooms and off-road parking for a small car. The property is guided at £110,000-plus, with Webb Jenkins acting as joint auctioneers.
A further investment opportunity can be found at 76 Park Road, Ryde, where a 3-bedroom mid-terrace house currently let at £9,600 per annum is guided at £110,000-plus.
Rob has said:
“The property has been in use as an investment property for many years and is considered ideal for addition to an income-producing portfolio.”
Chinneck Shaw are joint auctioneers.
A fire-damaged semi-detached house at 78 Osborne Road, East Cowes, is being offered for repair and improvement with a freehold guide price of £100,000-plus. The property has 2 bedrooms and 2 reception rooms.
Development opportunities include a 0.44-acre freehold site at Ashey Park, Ashey Road, Ryde, which has consent for 2 3-bedroom holiday bungalows and is guided at £90,000-£100,000.
Hose Rhodes Dickson are joint auctioneers.
At 2 Cross Street, Newport, a 2-bedroom mid-terrace freehold house currently let at £10,200 per annum is guided at £90,000-plus, with Chinneck Shaw acting as joint agents.
Flat 3 at Anchorage Court, 19 Albert Way, East Cowes, is a 1-bedroom ground-floor property with allocated parking and a guide price of £80,000-£90,000. The property is held on the remainder of a 155-year lease dating from January 2008, with a current ground rent of £256 per annum.
Another leasehold opportunity is Flat 1 at 68 Pyle Street, Newport, a 2-bedroom first-floor property guided at £80,000-£85,000. It is held on the remainder of a 99-year lease from September 1997, with a current ground rent of £25 per annum, and Wheeler & Lai Chartered Surveyors are joint auctioneers.
A south-facing 0.17-acre site at 53 Gills Cliff Road, Ventnor, which boasts views across the English Channel and backs onto downland, is guided at £85,000-£95,000. The property has separate planning consents for a single 4-bedroom detached property and a pair of detached units, with BCM acting as joint auctioneers.
Mews Cottage, together with additional land at the back of 93 High Street, Ventnor, and is guided leasehold at £60,000-plus. The 2-bedroom cottage requires significant work but comes with an additional parcel of freehold land to the rear.
Rob has said:
“The cottage is in a poor state of repair and requires significant upgrading and refurbishment – it is considered worthy of the improvements required.
“In addition to the cottage, which is held under the terms of a 1,000-year lease, the lot comes with an additional parcel of freehold land situated above the cottage to the rear.
“Whilst not easily accessed, the land can be reached via a pull-down ladder from the cottage.
“The land is tiered and provides scope and potential for additional garden space with a splendid view over the Victorian town centre, subject to all the necessary consents being obtainable.”
Webb Jenkins are joint auctioneers.
A 2-acre freehold site south of Rosemary Lane, Ryde, and is guided at £45,000-plus, having previously been the subject of a resolution to grant planning permission for 9 houses and 5 flats.
Rob has said:
“An application gained a resolution to grant from the planning committee, in May 2017, for redevelopment of the site to include 9 houses and 5 flats, with vehicular access provided by the demolition of 65 Ashey Road.
“The resolution required completion of the Section 106 Agreement, which was never completed and so the application fell away.
“Number 65 Ashey Road is not included in the sale at this time and anyone seeking to re-establish the now lapsed application would need to make arrangements for access to the site, subject of course, to a revised planning application.”
Completing the Isle of Wight selection is Flat 1 at 42 George Street, Ryde, a ground-floor studio flat with 1 bedroom which is guided at £40,000-plus.
The property is held on the remainder of a 999-year lease dating from December 1846, with Seafields acting as joint agents.
Seems to be the only way to sell properties on the island thesedays.