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TODAY'S OTHER NEWS

Investor demand for property remains buoyant

More than £17.5m worth of land and property was sold by auctioneer Clive Emson last month, amid fierce competition from investors.

Among the highlights, an Isle of Wight house that suffered some structural damage in a 2014 Ventnor landslip was sold for £72,000 above guide at £137,000 after strong competition – the third Undercliff Drive property sold by Emson in as many months.

A saleroom bidding war led to a mixed commercial and residential investment property at the heart of Brighton’s trendy North Laines selling for £840,000 against a lower guide of £625,000.

A former builders’ yard close to Canterbury’s historic city wall stunned the Clive Emson saleroom when it sold for £200,000 above the guide price at £355,000. Development potential generated huge interest in the executors’ sale from builders and developers.

Clive Emsons’ managing director, James Emson, said: “Generally, demand remains strong for property across the board, particularly amongst investors.

 “Some of the prices we have obtained last month show just what can be achieved with the right lots.”

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