As we continue to march on into 2021 (if you’ll pardon the pun!), it’s great to see things begin to open up once more. Particularly as we see the positive effect that it’s been having on the property market – as proved by the £17 million raised for our clients from the 109 lots listed in our March online auction.
Without further ado, let’s take a moment to look back over March’s auction.
Block of flats in the popular west end area of Folkestone
Overlooking the open, secluded green space of Grimston Gardens, this block of six flats is situated in the popular west end of Folkestone, just a stone’s throw from the Lees and views of the beautiful south-east coast.
Close to Folkestone West train station, with easy access to the town centre, the flats also allow for plenty of natural daylight thanks to the large double glazed windows – so it’s no wonder that this freehold property was quickly snapped for £522,000! We wish the lucky buyer all the very best with their new investment!
Unique town centre shopping arcade freehold investment
A rare opportunity arose in March’s auction, offering bidders the chance to become the buyer of a town centre shopping arcade located in the centre of Hastings.
Made up of several single and double units, the Queens Arcade is considered to be an ideal investment with one vacant unit amongst its eclectic collection of retailers. Comprising a hairdresser, butcher, confectioner, and more, this shopping arcade is also a short distance from the Hastings seafront, mainline railway station, and Priory Meadows shopping centre.
The lucky buyer was able to get their hands on this freehold investment for a total of £461,000 – congratulations to the buyer!
Former depot with potential residential property future
With planning consent for residential units, this former depot on level ground has quite a bright future ahead! With granted permission for six lots of 3 bedroom houses, four lots of 1 bedroom flats and ancillary onsite parking, this lot is just over an acre of land with plenty of potential.
The local area leaves little to be desired as the lot is situated in the semi-rural village of Smallfield, with local shopping facilities readily available nearby and, for the more adventurous, more comprehensive amenities to the south in East Grinstead as well as easy access the M23, providing road links to London, Gatwick, and all surrounding areas.
Selling for a total of £763,000, this former depot certainly shows a lot of potential and we can’t wait to see what the future holds for this lot!
Detached five-bedroom house that just needs a bit of TLC
While this freehold property might require a little bit of TLC, there’s no denying that this five bedroom house is bound to be a good investment! Situated in the desirable location of the south of Chelmsford city centre, this sizeable property is within a comfortable range of High Street shopping, bars, restaurants and recreational facilities.
While in need of modernisation and improvement, the house has big airy rooms and certainly displays a strong rustic charm, so it’s not surprising that it got snapped up by a lucky buyer! Selling for £626,000, we’re interested to see how this property turns out later down the line!
Former health centre building on the outskirts of a historic south Devon town with lots of potential
Located on the outer edge of Crediton, the historic but lively market in South Devon, this former health centre building features not just a standard access point, but a historic entrance from a side road.
Adjacent to the single-storey property of Western Lodge, the neighbouring building was converted into flats a few years ago, making it likely that the former health centre may offer a similar opportunity. But perhaps the biggest pull of this particular lot is the fact that it’s situated on a substantial site, reaching 1.22 acres, allowing for further potential residential development.
And with all of that in mind, we’re interested to see what route the buyer takes following the property selling for a total of £300,000. Only time will tell!
Register for our next auction
Eager to take part in our next online auction? Well, you’re in luck – it’s taking place on the 3rd of May!
If you haven’t previously registered with us before, you’ll be able to do so on our online registration page.
We hope to see you there!
About the Author:
Sam Kinloch
Sam’s career in the dizzy world of property auctions began when he hung up his chainsaw and headed in from the forest. Joining the team in 2003 Sam now sits on the Board of Directors and has been instrumental in the adoption of online auction services. Out of the office you can find him flying around the velodrome or sipping coffee at a local café.