Under the hammer...

A semi-detached house in Havant is to go under the auctioneer's hammer.
By The Newsroom
Published 27th Jan 2016, 12:19 BST
Updated 27th Jan 2016, 12:24 BST
East Street, Havant, valued at £130,000-plus is due to go under the hammer next monthEast Street, Havant, valued at £130,000-plus is due to go under the hammer next month
East Street, Havant, valued at £130,000-plus is due to go under the hammer next month

The two-bedroom freehold property at 52B East Street is among 159 lots being sold by land and property auctioneers Clive Emson across southern England.

Guided at £130,000-plus, the sale of the house takes place at the Ageas Bowl at 11am on Thursday, February 11.

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Rob Marchant, auctioneer, said: ‘The property, which has a car parking space, was previously in use as a letting investment and is considered ideal for continued use or for owner occupation.

‘We anticipate keen interest, particularly because of the impending stamp duty hike deadline on buy-to-let rentals. Investors may want to get in quick.’

Viewing is by arrangement with estate agency Fry & Kent.

Also under the hammer is a two-bedroom, first-floor flat at 131E Southwood Road, Hayling Island. Leasehold, the reserve is no higher than £100,000.

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Donald Wright, senior auction valuer, said: ‘The flat has an allocated parking space and the lengthy remainder of a 189-year lease. Being near the beach and sailing club, this would make a nice weekend bolt-hole.’

A pair of leasehold flats at 1 and 2, 109 London Road, Cowplain, each have a guide price of £65-70,000; each one is currently let at £6,180 per annum.

In total there will be 159 lots in February’s five auctions by Clive Emson, with 20 lots at the Ageas Bowl.

It has been a record-breaking year for the business. The independent, family-run firm catalogued 1,153 lots and sold £145m worth of property in 2015.

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And the specialist land and property company paid a record £850,000 to joint auctioneers, including to ones across the Portsmouth region, pumping this money directly back into the industry by linking with estate agents without auctioneering facilities.

Managing director James Emson said: ‘It has been a remarkable year for Clive Emson Auctioneers – our biggest to date. Not only have we achieved record sales figures, but we have also moved into Essex and north-east London.

‘We are looking to consolidate our position as the fourth largest auctioneers in the UK during 2016 and continue to grow the business organically. People come to us because we are trusted and we deliver results.’

Clive Emson Auctioneers runs eight sets of five auctions every six weeks throughout the year in Essex, Kent, Sussex, Surrey, Hampshire and West Country, covering the whole of the south of England.

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James added: ‘There has been strong interest in investment properties throughout the year, a sure sign that confidence is high in the market as demand continues to outstrip supply.

‘And we have seen a growth in local authority sales as cash-squeezed councils seek to generate revenue from property rationalisation.

‘But it remains our forte to offer a completely diverse range of lots – nothing is ever too big or small.’
n Clive Emson Auctioneers, founded in 1989 in Maidstone, Kent, now employs more than 50 people.

, has also helped raise around £500,000 through the firm’s auctioneers running charity auctions. The company produces up to 25,000 catalogues for every auction, posted out or available through a network of over 800 estate agency outlets, meaning Clive Emson is supported by more estate agency offices than any other auctioneers’ practice.

Related topics:KentEnglandHavantInvestors