Auction House East Anglia reports £12m raised at auction

It was the firm’s largest ever recorded auction and took nearly seven hours to complete from start to finish.

Robert Hurst, auction surveyor, said: “Our penultimate auction of the year fills us all with a level of confidence moving into the winter months. The number of properties sold by auction continues to be high, and with auction sales exchanging contracts the moment the gavel falls, this is attractive for both sellers and buyers. Our advice to motivated sellers is, as ever, to be realistic with expectations.

5 Magdalen Street in Norwich sold for £385,000 (Image: Auction House East Anglia)

“The highest-priced lot of the day was a five-acre greenfield development site with planning permission for 19 dwellings off Buxton Road in Spixworth, which sold for £830,000. The lowest-priced lot was a small strip of land extending to 0.03 of an acre off Tarragon Road in Downham Market, which sold for £500.

A mixture of lots including residential, commercial and land went under the hammer and some of the sales include:

• On behalf of a housing association, a three-bedroom semi-detached house in need of modernisation on Richmond Road in Norwich sold for £180,000.
• On behalf of a council, a four-bedroom semi-detached house in need of complete refurbishment on Beverley Road in Norwich sold for £164,000.
• A let first floor flat on Mousehold Street in Norwich sold for £140,000.
• A two-bedroom semi-detached bungalow in need of updating on Blenheim Road in Sprowston sold for £169,000.
• A semi-detached chalet in need of updating on Church View Close in Sprowston sold for £175,500.
• A one-bedroom first-floor flat at Paper Mill Yard in Norwich sold for £110,000.
• A let shop producing £16,870 pa on City View Road in Norwich sold for £136,500. A nearby flat sold as a separate lot for £138,500.
• A water-damaged detached bungalow on Scotch Hill Road in Taverham sold for £355,000. A nearby 0.78-acre parcel of woodland sold as a separate lot for £73,000.
• A one-bedroom end-terrace bungalow on Geldeston Hill in Geldeston sold for £94,800.
• A Grade II listed two-bedroom end-terrace house on St Peter’s Road in King’s Lynn sold for £104,000.
• A four-bedroom semi-detached house let producing £1,123 pcm (£13,476 pa) off Church Road in Itteringham sold for £211,000.

Mill Cottage on Brettenham Road in Rattlesden, near Bury St Edmunds, sold for £420,000 (Image: Auction House East Anglia)

• A two-bedroom semi-detached holiday bungalow on Mill Lane in Bacton sold for £111,000.
• A two-bedroom end-terrace cottage off Moor Lane in Sculthorpe sold for £183,000.
• A seventh-floor flat off College Street in Ipswich sold for £50,000.
• A two-bedroom first-floor flat at Fore Hamlet in Ipswich sold for £76,500.
• A two-bedroom semi-detached bungalow requiring updating on Clarke’s Close in Barford sold for £135,000.
• A let shop producing £865 pcm (£10,380 pa) on High Street in Dereham sold for £124,000.
• A three-bedroom semi-detached house requiring updating at Highfields in Tharston sold for £182,500.
• A three-bedroom semi-detached house requiring modernisation on Church Road in Tasburgh sold for £217,700.
• A detached three-bedroom bungalow in need of renovation at The Stitch in Friday Bridge sold for £223,000.
• A three-bedroom semi-detached house off Brooklands Road in Brantham near Manningtree sold for £190,000.
• A four-bedroom detached house off Thieves Lane in Salhouse sold for £398,000.
• A detached metal barn measuring around 14x9m off Newport Road in South Walsham sold for £126,000.
• Lingwood Methodist Church on Chapel Road sold for £151,000.
• A detached mixed-use property comprising a vacant shop and three-bedroom maisonette off Beach Road in Scratby sold for £180,000.
• A detached two-bedroom bungalow in need of modernisation at Eastgate Gardens in Holbeach sold for £134,000.

A barn off Newport Road in South Walsham sold for £126,000 (Image: Auction House East Anglia)

• A three-bedroom detached house requiring modernisation on Meadowgate in Bourne sold for £200,000.
• A three-bedroom semi-detached house let producing £10,200 pa on New Road in Woodston, near Peterborough, sold for £160,000.
• A three-bedroom semi-detached house requiring updating on Northfield Gardens in Wymondham sold for £192,000.
• A four-bedroom detached bungalow on Swamp Lane in Great Ellingham sold for £401,000.
• 0.8 of an acre of land off Queens Road in Bury St Edmunds sold for £56,000.
• A five-bedroom detached thatched property on Brettenham Road in Rattlesden, near Bury St Edmunds, sold for £420,000.
• A three-bedroom end-terrace house requiring updating on Hall Road in Oulton Broad sold for £167,000.
• A mid-terraced property on Wellington Road in Great Yarmouth sold for £85,000.
• A Grade II listed vacant shop with flat above on Regent Street in Great Yarmouth sold for £75,000.
• On behalf of executors, a two-bedroom detached bungalow requiring refurbishment on Cranleigh Road in Lowestoft sold for £135,000.
• A detached house in need of updating with planning permission for a bungalow to be built within the grounds on Morton Road, Lowestoft, sold for £291,000.
• A three-bedroom semi-detached house requiring modernisation on Waveney Drive in Lowestoft sold for £165,000.
• On behalf of a church trust, five acres of land off London Road in Kessingland sold for £61,000.
• A let one-bedroom flat producing £725 pcm (£8,700 pa) on St Stephens Square in Norwich sold for £91,000. 
• A restaurant, three-bedroom flat and offices let at £32,000 pa off Magdalen Street in Norwich sold for £385,000.

“We are now taking entries for our final auction of the year on Wednesday, December 13, with a closing date for entries in mid-November,” said Robert Hurst. “Our first auction of the new year is February 7.”

If you have land or property that needs to be sold before the end of the year, please call Auction House East Anglia on 01603 505100 for free impartial advice, or visit the website at auctionhouse.co.uk/eastanglia