November 2nd 2024.
The residents of Dock Street are feeling anxious and uncertain about their future. News has spread that their entire street, which consists of 24 homes, will be put up for auction. This came as a shock to everyone, as they had no idea that this was going to happen.
Located in Sharpness, Gloucestershire, Dock Road will go under the hammer next week with a guide price of £1,575,000. The properties being sold are not just houses, but also include two semi-detached mixed use buildings, a single-storey workshop, three garages, and 1.7 acres of vacant land. One of the buildings was once the Sharpness Post Office, adding a bit of history to the sale.
The auction house, Allsop, has described this sale as a "rare unbroken street". It is currently generating a yearly rent of £168,000 for its current owners, the Canal and River Trust. The trust has assured the residents that there will be no changes to their tenancies, but many are worried that the new owner will raise the rent, making it difficult for them to stay.
Amanda Cawston, who has been living in one of the homes for the past three years with her husband and son, was shocked by the news. She expressed her concern about potentially having to move out and not being able to afford a new home. She also mentioned the time and effort they have put into making their house a home and not wanting to leave if they don't have to.
Dave Morse, a resident for 25 years, is also worried about being pushed out due to a possible increase in rent. He has put a lot of work into his home and would be disappointed to have to leave. Zoe Walker, who moved to Dock Road in 2006, shares the same fear of being forced to leave and not having anywhere else to go.
The uncertainty surrounding the auction has left many residents feeling uneasy. Amanda Cawston mentioned being on the council list for a long time, but not being able to do anything about it as long as she has a roof over her head. She hopes to remain a tenant, but is unsure about the changes that may come with a new owner.
The Canal and River Trust, who currently owns the properties, has stated that the sale will be via an auction at the beginning of November. They plan to sell all the cottages together as a single lot to a single buyer. They have also reassured the residents that their tenancies will not be affected by the change in ownership and that the properties will be sold on the same terms.
The residents will be kept informed as the sale process progresses. The trust understands that the change of ownership may be unsettling, but they hope to make the transition as smooth as possible for their tenants. Dock Road is set to be auctioned on Thursday, November 7th.
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