The 1-bedroom freehold residence at 80 Carisbrooke High Street, Carisbrooke, Newport, was among 112 land and property lots listed across southern England by Clive Emson Auctioneers.
Rob Marchant, the firm’s Island auctioneer, said:
“The virtual hammer fell on a bid of £90,000. The cottage requires some improvement, which was factored in the price paid.”
On a 999-year lease from 2020, a 1-bedroom apartment at 16 Osborne Court, The Parade, Cowes sold prior to auction. It was guided at £110,000-120,000.
Currently let at £25,400 per annum, a freehold mixed property investment at 102 High Street, Newport, was guided at £250,000+ but it failed to sell.
A seafront development site at Ventnor, with planning consent for 4 town houses, was guided freehold at £600,000-700,000 and also didn’t find a buyer.
Clive Emson’s next online auction is on 16th June. Lot entries close on 24th May, with the online catalogue released on 28th May.
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