A PRIME seafront site failed to sell at auction last week.

Derelict seaside property Beachlands, on Ventnor Esplanade, was once a grand family home but is now in a “poor state of repair”, agent Clive Emson said.

It has views across the beach and the English Channel beyond and has planning consent for four town houses.

It was guided freehold at £600,000 to 700,000 but no buyer was found.

It failed to sell at the May auction.

Also for sale was a terraced cottage close to Carisbrooke Castle.

It sold for £90,000.

The one-bedroom freehold residence at 80 Carisbrooke High Street, was among 112 land and property lots listed across southern England by Clive Emson Auctioneers.

Rob Marchant, the firm’s Island auctioneer, said: “The virtual hammer fell on a bid of £90,000. The cottage requires some improvement, which was factored in the price paid.”

On a 999-year lease from 2020, a one-bedroom apartment at 16, Osborne Court, The Parade, Cowes, sold prior to auction. It was guided at £110,000 to 120,000.

Clive Emson’s next online auction is on June 16. Lot entries close on May 24, with the online catalogue released on May 28.