We have now held our first auction of the year at the Assembly House in Norwich, selling a wide variety of lots with £1,547,000 worth of property sold on the day.
Many of our readers will have seen the catalogue which is also available online. We have some lots unsold and we continue to be busy dealing with enquiries from prospective purchasers.
A number of properties sold very well indeed 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, being suitable for conversion or extension, subject to planning, and we were also delighted with the sale of a property in need of renovation in Colney on the edge of Norwich.
Otherwise, lots in Frettenham and Bacton sold well and a bungalow in Plumstead Road sold for a figure in excess of £50,000 over the reserve.
We already have lots for the summer sale on 20th June and as always, I would welcome queries from those buyers or sellers who want to know more about the auction process and how we can help unlock value.
As always, the important thing with auctions is that the market will dictate what a property is worth and this is why they work so well. Over the years, we have found that a wide variety of property suits auction, including houses in the city and county in need of renovation, cottages, farmhouses, terraced houses, land, investment property and executor sales, etc.
On another point, readers will be interested that my divisional partner, Martin Cunningham, is making great strides with our online service and I would recommend our website to all of you so that you can see what is on offer and how the online service is beginning to work.
For more information about auctions and how we can help, please contact myself or Trevor Blythe at the Norwich office, 01603 629871.
Four photographs attached:
3 Park Cottages, Wroxham Road, Rackheath, NR13 6LZ. Guide £200,000 - £250,000. Sold £232,000.
Rosemary Cottage, The Street, Bramerton, NR14 7DW. Guide £295,000 - £325,000. Sold £310,000.
105 St Michaels Road, Long Stratton, NR15 2DJ. Guide £125,000 - £150,000. Sold £143,500.
86 Plumstead Road, Norwich, NR1 4JX. Guide £150,000 - £170,000. Sold £217,000.