BIDDING WARS AS ISLE OF WIGHT PROPERTY GOES UNDER THE HAMMER

Various property and land lots on the Isle of Wight have been sold through auction recently – with the next auction already scheduled.

They were among 161 listed across the South being auctioned by regional land and property auctioneers Clive Emson.

A semi-detached house with 2 bedrooms at Main Road, Arreton sold for £51,000 above the guide price in a bidding war. Rowantree went for £201,000.

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Rob Marchant, Clive Emson’s Island auctioneer, said:

“There were 27 bids for Rowantree, which was chalked for upgrading and refurbishment.”

A 0.29-acre plot of land adjacent Cliff Bank, St Catherine Street, Ventnor also sold in a bidding war for £135,000, a 35% increase on the guide price. There were a total of 31 bids.

2 properties sold prior to the auction – 4-bedroom New House on The Broadway, Totland was guided freehold at £450,000+ and a town centre freehold premises at 104 and 105 St James Square, Newport, was guided at £180,000-200,000.

The next auction ends on 3rd November; entries for lots close on 11th October and the catalogue is available online from 15th October.

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Isla wight
Isla wight
2 months ago

More holiday homes/rentals.

Hope Springs
Hope Springs
2 months ago

I can’t imagine why people are bidding up the price of greenfield land, unless of course it’s because they know they’ll get whatever Planning Permission they ask for.

 

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