Brown&Co held a successful summer property auction at the Assembly House in Norwich today and, including one lot sold prior and one lot sold immediately after the sale, selling 10 out of 15 lots, representing a near 70% success rate. In total nearly £2.5M of property on the day.
The auction room was full and there was lively bidding, particularly for some of the lots in Norwich, and some outstanding success stories as well.
Trevor Blythe was delighted with the sale of a property in Belaugh in Norfolk Broadland, which sold for £100,000 over the reserve, with brisk bidding showing that where there is a country property in need of total renovation in a good location there is still a high demand. Equally, he was pleased with the sale of flats in Sheringham and a farmhouse in Swaffham.
The market is clearly still buoyant in the area around Norwich, with a property in Christchurch Road, one of the prime residential areas, selling for in excess of £70,000 over the reserve: the property needs complete renovation, but nonetheless the executors were delighted.
A house in Brundall, in east Norfolk in the heart of Broadland equally sold well in excess of the reserve and the piece de resistance at the end was the sale of part of an island in Thorpe St Andrew, selling for nearly £70,000 in excess of the reserve with some ten people bidding on the day.
Please, as always, contact us if you have any queries or property which you think might be suitable for inclusion.
The online auction service is now up and running and Martin Cunningham is having great success, and together we do reccomend the auction process as a very good method of sale. Our team are always available to deal with any queries and to answer any questions any of you have.
Please find the full results here.