Nearly £9M worth of property sold under the hammer throughout Norfolk and East Anglia in 2019.
As we enter the “roaring twenties” now is the opportunity for us to look back at what we achieved last year, remembering that we have to try and do it again this year!
We were delighted with the results last year and importantly very grateful to a wide range of clients and friends who supported our auction house and the results speak for themselves really.
Back in March we saw some £1.5M worth of property sold on the day, with highlights including a super cottage on the edge of Rackheath near Norwich selling in excess of the reserve, together with a property in Bramerton in need of renovation which sold well at £310,000. A property in Newmarket Road in need of renovation equally sold in excess of the reserve price and our clients were happy that day.
Our June auction saw some £2.5M worth of property sold under the hammer with some notable results including the sale of a large farmhouse style property in need of renovation in Belaugh in the heart of Broadland, which sold for £100,000 over the reserve.
Our September sale again saw great success with some £2.5M worth of property sold on the day including terraced houses in the city.
Finally, in December again we sold some £2.5M worth of property and the outstanding lot of the day must have been a semi-detached 5 bedroom listed house on the Town Close Estate in the middle of Norwich, being sold on behalf of Trustees at a guide price of £700,000 - £750,000 and selling for £937,500.
However, the old adage that you are only as good as your last auction holds true! We now have to prepare for 2020 and we are delighted that we have a wide range of property to look at in the coming weeks, with a number of entries already for our sale at the Assembly House on 26th March.
Auctions suit so many different types of property but the important thing is that at Brown & Co we are happy to inspect houses throughout the price ranges without obligation and will then provide advice as to the best method of sale. Where the objectives are clear and clients need a sale, and where there is a scarcity factor we often recommend auction as the best way of maximising value and this approach often suits executors, trustees and charities as well as those properties in need of renovation, whether they be big or small, in the city or the county.
Both myself and Trevor Blythe look forward to continuing to support this method of sale and do ask people to invite us over to inspect their properties if they require advice without obligation.
We are delighted to work closely with Henry Cockerton in Holt and Lee Shuardson in King’s Lynn and from our three offices in Norfolk we like to think we have an unparalleled service to offer people and look forward to helping everyone with their property requirements during 2020.