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Brown&Co held a very successful spring property auction in Norwich today with a packed room at the Assembly House and plenty of competitive bidding. The firm offered 20 lots on the day and including one lot sold prior sold 17 lots with a near 80% success rate and hope to finalise the sale of remaining lots in the coming days.

With nearly £3,500,000 worth of property sold on the day auctioneer and chartered surveyor, Peter Hornor, was delighted with the results which he said proved that there is a great deal of life in the residential market from bottom to top, with some outstanding results for a wide range of property on offer.

The full results are available here, but it is clear that property and land in Norwich and Norfolk as well as investment opportunities continue to be popular and this all augurs well for the market as we move into 2018.

A property at Nutfield Close, Eaton sold well in excess of the reserve at £294,000 and the sales of garages in north and east Norfolk confirms that there is also a good demand for these investment opportunities.

A cottage by the railway line in Wymondham sold well in excess of the reserve at a figure of £202,000. Other highlights included the sale of White House Farm, Besthorpe in need of complete renovation with outbuildings and set in 0.75 acre at some £70,000 in excess of the reserve at a sale price of £336,000, and the sale of 43/43a Newmarket Road, Norwich was the icing on the cake, selling for a figure of more than £250,000 in excess of the reserve at £755,000.

Peter Hornor and the team look forward to their next auction in June and they already have a number of lots for that sale. Prior to the sale it was announced that well known chartered surveyor, Christopher McEvoy, will be retiring at the end of March after over 50 years of service to the Norwich and Norfolk property market and Peter Hornor thanked him for his support, wisdom and might over that period. He also confirmed that Brown & Co will be setting up a new online auction department and Martin Cunningham, who has great experience in this field, was welcomed to the firm and will be joining the Norwich office at the beginning of April.

For further information about auctions and other services that are offered by Brown&Co, please contact Peter Hornor at the Norwich office on 01603 629871.