Latest News

PROPERTY: 5 HOUSES SITUATED AT CUL-DE-SAC IN NITON SOLD

5 empty houses at a cul-de-sac in Niton went under the auctioneer’s hammer for £655,000 today (Friday).

The freehold properties at Ivy Close were among 115 lots being sold by regional land and property auctioneers Clive Emson this week at 5 auctions across southern England.

Situated at 1-5 Ivy Close, Newport Road, they were placed on the market as one lot by joint fixed charge receivers.

Article continues below this advertisement

Rob Marchant, Clive Emson’s Isle of Wight auctioneer, said:

“We anticipated strong interest from owner occupiers and buy-to-rent investors in the five houses at Ivy Close, with the gavel coming down on a final bid of £655,000 in the sales room.”

Constructed in 2005/6, 3 of the semi-detached properties have 3 bedrooms, with 2 of them of the benefit of a garage with parking in the front, with the other 2 homes having 2 bedrooms each.

A first-floor flat with 1 bedroom, at 8 Shide Villa, Medina Avenue, Newport, which was guided leasehold with vacant possession at £75-80,000, was sold prior to auction.

Clive Emson’s next auction takes place at 11:00 on Friday 22nd March at the Solent Hotel & Spa, Whiteley near Portsmouth.

Article continues below this advertisement

Don’t forget to follow the Island’s news as it happens…

News, Traffic & Travel Tweets