Bidding war over Ilford end-terrace
Cliff Moore - Deep South Media ??
Account Director, at Deep South Media [DSM], the UK specialist in press office services, multimedia content and training for companies and organisations. DSM is in its 27th year
An auction bidding war erupted this week over an Ilford end-terrace house needing extensive refurbishment. (weds nov 3)
The gavel eventually came down at ￡593,000 for three-bedroom 140 Bawdsey Avenue – way above the freehold guide price.
It was among 105 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
The property was sold?at the firm’s latest auction which ended on Wednesday, 3 November.
Senior Auction Appraiser Russell Hawkes said: “This one really took off as strong early interest generated sustained and competitive bidding – auctioneering at its best.
“Although the property requires an intensive programme of refurbishment and re-decoration, our bidders could see the huge potential here.
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“Particularly, as it sits on a generous garden plot, it offers huge potential to extend to the side, the rear or into the roof space, subject to all necessary consents being obtainable.
“We long considered it would make an excellent family home once works have been carried out – or could be let to generate a good income – and our buyer agreed.”
The property, sitting on a plot of 0.09 hectares (0.21 acres), has good size front and rear garden, side access to rear garden, a detached garage to the side and a driveway.
This three bedroom end-terrace house is situated in a popular residential turning, within close proximity of shops, public transport, schools and near to Newbury Park underground station (Central Line).
Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.
The next auction, the final of eight this year, ends on Wednesday 15 December. Closing date for entries is 22 November. See https://www.cliveemson.co.uk for more details.