We have now launched our catalogue for the spring auction at the end of March and are very pleased to have some 18 lots for sale, representing a good cross-section of property in Norfolk, Suffolk and Cambridgeshire.
All the lots have been placed in the auction because they need to be sold and our clients are satisfied that this approach will give them the best chance of maximising value on the day.
We like to think that our auctions are always exciting and whether you are a buyer or a seller, they are certainly becoming an increasingly attractive method of buying and selling property. With clear objectives, sellers look to the auction process to obtain the best possible price for a broad range of property which includes cottages, farmhouses, town and country house and investments. Of course this method of sale does not suit all situations but there are great advantages to using the auction process and this method of sale can be important to trustees, charities, institutions or executors.
Our last auction was a case in point and we were very pleased with the results. The star lot was the property in Orwell Road which sold for some £200,000 over the guide price of £700,000 - £750,000, reminding us that where there is a scarcity factor and a good house people will go out on a limb, which is exactly what happened! We can only hope that similar things happen at our spring sale.
Our catalogue includes parcels of amenity land in East Tuddenham and Rockland St Peter, both priced to sell. Experience of the last few auctions has shown that people like to buy their own “little bit of England” and we are excited about the prospects for these two lots. In south-west Norfolk we have two semi-detached cottages in Griston, together with three adjoining building plots.
Further afield in Littleport, Cambridgeshire and acting for a single vendor we are pleased to be offering for sale Plantation Farmhouse together with adjoining commercial premises and a bungalow close by which is in need of improvement. The farmhouse has 7 - 8 bedrooms and some 3 acres and needs improvement throughout and there is Japanese Knotweed in the garden. The adjoining commercial premises are being sold separately and offer potential for a number of purposes. The bungalow is in a dilapidated state and the price reflects its condition. In addition we have a commercial opportunity and a detached house near Downham Market.
Other lots closer to home in Norwich include a terraced house in Wingfield Road and a 3 bedroom bungalow in Chartwell Court together with a good semi-detached property in need of full renovation in Church Terrace on the edge of Wroxham. We are also pleased to have been asked to sell an older style 3 bedroom semi-detached house in Trunch Road, Swafield.
Otherwise, we have a 2 bedroom detached bungalow on the edge of Bunwell in need of renovation, building land in the centre of Ketteringham, together with a farmhouse in Denton, a barn with potential in Alburgh, plus a range of barns with planning in North Elmham, so we are being kept busy.
The next 4 - 5 weeks look to be busy and as always we will be making all the properties available on an accompanied viewing basis. We are proud of our marketing and our approach, which includes local and national advertising, online marketing and strong local knowledge.
All the lots we sell at auction have their own story and much of the pleasure of dealing with property in this way is advising clients and providing best advice, then showing the various lots to buyers and offering them for sale on the day.
Transparency is the key but we always preach about presentation and marketing and hope that this and our professional approach assists our clients to maximise value.
For those people who want to get on and achieve a sale, the auction approach is a good way of establishing value and making things happen and both myself and Trevor Blythe are always delighted to talk to people about the process and visit property without obligation if required.
Brown & Co