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Pounds House to be Auctioned with Guide Price of £500,000

Strategic Insights

— 1 min read

Pounds House, a historic mansion villa in Plymouth's Central Park, is set to go under the hammer with a guide price of at least £500,000. The Grade II listed building and surrounding land are being auctioned by Clive Emson Auctioneers, offering a rare opportunity for a new owner to revive and restore the structure. The property, which has been empty since 2018, has a rich heritage and potential for redevelopment, subject to necessary planning consents.

Key Takeaways:

  • Pounds House, a 200-year-old mansion villa, is being auctioned by Clive Emson Auctioneers with a guide price of £500,000 plus.
  • The property, arranged over three floors, comprises offices, ceremony rooms, and ancillary accommodation, with car parking and garden areas.
  • The site extends to about 0.45 hectares (1.13 acres) and has a rich heritage, having been built by banker William Hodge in 1825.
  • The property was previously used as a library, wedding reception venue, offices, and cafe, but has been empty since 2018.
  • Plymouth City Council, which has owned the property for over a century, is looking for a "sympathetic new owner" to revive and restore the structure.
  • The council has invested nearly £500,000 into the property since 2020, but has been unable to find a use for it.
  • Online bidding for the property will open on Tuesday, October 28, and the auction will end on Thursday, October 30.
  • The property is among 184 lots listed in the October auction, being held by Clive Emson Auctioneers, one of the top five property auctioneers in the UK.
  • Almost 80 residents have opposed plans to dispose of land as part of the Pounds House sale, citing the loss of public open space in the park.

Statistics:

  • The guide price for Pounds House is £500,000 plus.
  • The property has been empty since 2018.
  • Plymouth City Council has invested nearly £500,000 into the property since 2020.
  • The site extends to about 0.45 hectares (1.13 acres).
  • The property is among 184 lots listed in the October auction.
  • Online bidding will open on Tuesday, October 28, and the auction will end on Thursday, October 30.
  • Clive Emson Auctioneers is one of the top five property auctioneers in the UK.

Sources:

  • "Clive Emson Auctioneers" [Clive Emson Auctioneers website]
  • "Plymouth City Council" [Plymouth City Council website]
  • "Friends of Central Park Plymouth" [Friends of Central Park Plymouth website]
  • "Pounds House" [Clive Emson Auctioneers website]

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