A rural thatched cottage on the Isle of Wight has sold for £240,000 in auction.

Stone Cottage in Kingston Road, Kingston, sold for £10,000 above guide price and was among among 139 lots listed across southern England by Clive Emson Auctioneers in the December sale.

Mike Marchant, a senior auction appraiser with the firm, said: “There was keen interest in the freehold cottage, with 16 bids made and a final bid of £240,000, which was £10,000 above the guide price.

“As described in our auction catalogue, Stone Cottage requires a programme of significant upgrading and refurbishment and is considered very worthy of the works required."

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Mike continued: “Adjoining the cottage is the remains of a stone barn which has potential for restoration or, perhaps, for alternative uses, subject to all necessary consents being obtainable.”

Four other Isle of Wight lots are re-available, including Morton Cottage, Morton Old Road, Brading, which sits on 1.41 acres and is close to Brading Roman Villa. It was guided at £630,000.

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Clive Emson Auctioneers holds eight auctions each year. The next one, the first of 2023, ends on February 8, with bidding live 48 hours beforehand. Lot entries close on January 16 and the catalogue is available from January 20.