TWO properties in Colchester are coming up for auction.
A three-bedroom house in need of major repair at 82 Newcastle Avenue will go under the hammer as part of Clive Emson Auctioneers’ latest sale, which features 228 lots across southern England.
The auction closes on Thursday, September 24.
Paul Bridgeman, regional director and auctioneer at Clive Emson, said: "This is one of those occasions where potential buyers have to look beyond the current state of the property to what it might become.
"The seller has advised that the property has been subject to a number of water leaks which have caused part of the ceiling to collapse at both ground and first floor levels.
"Consequently, it’s very much a doer-upper – hence the guide price – with scope for a project for someone to return the property to its former glory."
The property is in a residential area between Lexden and Shrub End, west of Colchester and south of the A12.
The guide price has been set at £225,000 to £230,000.
A separate property in Colchester is also up for auction.
A two-bedroom first floor flat at 35 Capstan Place is listed with a leasehold guide price of £100,000 or more.
Gabrielle Giedraite, auction appraiser, said: "Located on the first floor of a three-storey block, the accommodation is spacious, with two double bedrooms, living room/kitchen and family bathroom.
"Although it requires refurbishment throughout, it will make an excellent home once work is done or could be let to generate a good income – previously it was let at £12,000 per annum."
The flat is close to Essex University and there are three railway stations, with Colchester North station providing direct links to London Liverpool Street.
It is held on the remainder of a 999-year lease from January 2002.
Additional lease details will be made available on the Clive Emson website.
Read more
Clive Emson Auctioneers holds eight auctions each year and operates across Essex, Kent, Sussex, Hampshire and the West Country.
The current auction, its sixth of the year, opens for bidding on Tuesday, September 22.
More information can be found at cliveemson.co.uk.
Share