Here’s how much four flats in St Leonards went for at auction
and live on Freeview channel 276
The freehold residential property in 8 Stockleigh Road sold for £450,000.
The property, which comprises of four flats, is currently let at £20,340 per annum.
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Hide AdFreehold properties are where a person or organisation has outright ownership of the property and the land on which it is built.
Last year the UK house prices grew at the fastest rate since 2004, with the average home in March 2022 costing £33,000 higher than March 2021.
Sam Kinloch, director and senior auctioneer valuer at Clive Emson, said: “Property continues to prove attractive for investors because of long-term capital gains, rental income and as a hedge against the rising costs of living caused by inflation.”
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