A terraced cottage close to the Island’s Carisbrooke Castle has sold in auction for £90,000 – the latest Isle of Wight property to go under the Clive Emson hammer,
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.
“BARGAIN PRICE OF £90,000”
Reality check, in 2000 that would get you a four bed semi with off road parking.
Because the NIMBY lot are blocking all new builds and the worlds banks buying UK homes and leaving them empty, the youngsters today have one of two options. Live with parents, pay three times a mortgage to the immoral buy to let ran by boomers, or be homeless.
Without an address you can’t get a job
Without a job you can’t get a bank account
Without a bank account you can’t get an address
This world is shit hole. Thanos was right.
Building more houses on the Island will not reduce the price of them it will only mean more buyers from the mainland retiring here and putting further strain on our doctors, dentists social care and roads as well as the damage it will do to the environment.
That is true, but it’s down to the council to make sure the added number of people are provided for with services. If they are not then don’t vote for the same councillors or even the same Conservative government.
Except, when you look at most of the published planning applications, most of the new builds are far out of the price range of young islanders and are aimed at 2nd homers and well-off retirees who want to move here from the mainland.
Also worth remembering that those retirees will have be needing to make far more use of health services than the average young islander and will make it more and more difficult for our own parents and grandparents to get the care they need.
Yes I agree, to both of you. Why new builds have to be for islanders who work here. But the NIMBY block all and every development.
Term NIMBY is now actually seen as counterproductive in academic circles. It mostly helps big developers who want to build subpar quality houses without being questioned by local democracy action. It’s preferred to engage with specific complaints and learn from them because often they provide valuable insight.
Example: Air quality is not within WHO norms in many places on the Island. Is being worried about developments that rely heavily on cars sensible under those circumstances? Logic would say yes (unless site allows only electric?). A brownfield development of a 15-minute village that would have 70% commute by walking, cycling and public transport would certainly be some kind of solution.
You can do the same about noise levels, safety for pedestrians and cyclists, wild animal welfare etc. and figure out solutions… but developers want to save money so they love when people antagonise each other by calling names of NIMBY 😉
Youngsters can work and save hard, make sacrifices and they will be a homeowner. Nothing is handed on a plate. Took me years to afford my own house and now I have one, nope got more lol. Buy to let’s fantastic little earner.
It will need some sound proofing with the Weaverly Inn’s live music across the road.
The Waverley only play live music on a Saturday night and stop by 9:30.. really not an issue. The church bells are louder than the pub.