4 properties on the Island, including a thatched cottage in Kingston, are to be auctioned at the next Clive Emson auction in December.
They are among 139 lots listed across southern England by Clive Emson Auctioneers.
Guided freehold at £650,000+ is Morton Cottage on Morton Old Road, Brading, situated on 1.4 acres.
Rob Marchant, the firm’s Island auctioneer, said:
“This substantial plot is situated close to Brading Roman Villa and sits within the settlement boundary of the village.
“Pre-application planning advice has been sought on the larger of the parcels for the construction of 2, 5-bedroom and 3, 4-bedroom detached houses and 2 semi-detached 3 bedroom houses.
“Alternatively prospective purchasers may wish to consider alternative schemes, perhaps including the retention of the existing cottage.”
A rural thatched cottage located on 0.4 acres has returned to auction. The freehold detached home in Kingston Road, Kingston, has a guide price of £230,000+.
Mike Marchant, a senior auction appraiser with Clive Emson Auctioneers, said:
“The cottage, with the guide price lowered by £20,000, requires a programme of significant upgrading and refurbishment but is considered very worthy of the works required beyond which it would be ideally suited to owner occupation or use as a weekend retreat/holiday home or perhaps for commercial holiday letting.
“Adjoining the cottage is the remains of a stone barn which has potential for restoration or, perhaps, for alternative uses, subject to all necessary consents being obtainable.
A commercial investment at 2 High Street, Sandown, has a guide price of £110-120,000 and is let at £12,000 per annum.
Mike said:
“This attractive corner property occupies a prime position on the corner of the High Street and Pier Street, which as the name suggests leads down to the esplanade and Sandown Pier.
“The property is let on a commercial lease to Lulu’s on the ground floor, producing a healthy income. Both of the flats above are sold on long leases.”
Guided freehold at £280-300,000 is a 3-bedroom holiday bungalow called Sedum Cottage at Buckbury Lane, Newport. The auction by Clive Emson Auctioneers ends on Wednesday, 14th December, with bidding live 48 hours beforehand. It is the firm’s 8th auction of the year.
All being bought by Londoners, forced out by ‘new Londoners’ and the fear of whats coming, raising the Island house prices in the process so no one local can buy here anymore, look at Cornwall, its now part of West london! As for Padstow well its been taken over. They bring the problems they are all trying to escape from and the cocaine they need to be upstanding progressive liberals, plus the dealers..only to eventually let their property out as holiday lets on Air B&B to more Londoners after realising they are not welcome, all while locals struggle to find homes and the IW council do nothing to stop this inequality!