A COLCHESTER property has sold for more than £300,000 after an auction this week.

Blackheath Lodge at 27 Blackheath went under the hammer among 150 lots during the latest auction held by Clive Emson Land and Property Auctioneers.

Offered jointly with Boydens, the substantial home was sold for £325,500 at the firm’s auction event on May 1.

Paul Bridgeman, regional director and auctioneer, said: “We had a strong interest in this established building which needs modernisation and improvement throughout.

“Our bidders could see the potential that building may lend itself to sub-division or re-development, subject to all necessary consents being obtainable.”

The property, arranged over two levels, is situated in Blackheath, a continuation of Mersea Road to the south of Colchester city centre.

There is also an annexe to the side on the site which extends to approximately 0.07 hectares.

The next auction, the 4th of eight this year, ends on June 12, with bidding live 48 hours before.

Lot entries close on May 20, with the catalogue available from May 24.

For more information visit cliveemson.co.uk.