Plenty of bidders at the Ageas Bowl auction

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A three-bedroom house in Gosport went under the auctioneer’s hammer for £126,000 last Thursday.

The freehold mid-terrace at 7 Freemantle Road was among 17 lots being sold by regional land and property auctioneers Clive Emson.

Rob Marchant, auctioneer, said: ‘The successful bidder voted with their wallet on general election day. The house requires a programme of improvements, with the selling price reflecting that.’

Also sold was a three-bedroom house at 65 St Michael’s Grove, Fareham. The freehold property, chalked for ‘improvement’, went for £141,000.

Eight bedsits with communal facilities at 194-196 Dunsbury Way, Leigh Park, were sold prior to the auction for an undisclosed sum. The bedsits, guided freehold at £280-290,000, are on the site of the former police station.

Rob added: ‘Record employment on the back of a strengthening economy, coupled with the ultra-low interest rate and negligible inflation, makes property an attractive proposition compared to the paltry returns currently generated by cash on deposit.

‘There’s also a new dimension to this auction and future ones.

‘We anticipate investment interest from bidders, aged 55 or over, who arrive flushed with their newly-released pensions pot following what is thought to be the largest revolution in people’s personal finances in decades.’

Starting at 11am, the auction takes place at the same venue, the Ageas Bowl, on Friday, June 19.