A former care home in Kent was among 121 lots listed by Clive Emson Auctioneers in the firm’s Jubilee June auction. The 20-bedroom property at Barham (above), between Canterbury and Dover was guided at £900-950,000.
James Emson, Managing Director, said, “The building, dating back to the 18th Century and with period features, was one of the highlights of our Jubilee June auction.
“[It also included] rental investment properties and, with the potential to breathe new life into obsolete spaces, former pubs, public toilets, primary schools and churches.
“Property continues to attract investors, who have to make their savings work harder due to the 40-year high inflation rate of 9% and the low interest rate of 1%.
“This was reflected in our May auction, which attracted 1,734 unique bids from 25 countries.”
June’s auction comprised 43 investment, 37 residential, 14 commercial, 12 development and 15 land lots in total.
A residential site with consent for seven houses at Chatham, Kent, on the site of the former Upper Bell Inn, had an estimate of £1.3m to £1.5m.
In historic Old Portsmouth, Hampshire, a five-storey former restaurant and bar, with living accommodation, was guided at £1m to £1.1m.
Receivers have instructed the sale of a former 36-acre rare breeds farm at West Coker, three miles from Yeovil in Somerset, guided at £400,000-plus.