Auction House reports over £10 million sold in March auction

Robert Hurst, auction surveyor, said: “There was plenty of activity with the auction taking six hours to complete from start to finish. We saw an increase in the number of people buying to live in rather than the traditional type of auction purchaser looking to buy and flip. These buyers were encouraged by sensible asking prices and the certainty of the purchase reaching completion without delays.

“We also had a number of instructions from people who had come to the end of their competitive fixed-rate mortgage deals. The significant rise in monthly repayments has proved challenging and they needed to exit the market quickly so chose a sale at auction for the speed and certainty that can be delivered.”

A Grade II listed thatched cottage requiring renovation on Clacton Road in Wix, Essex, sold for £68,000 (Image: Auction House East Anglia)

According to Auction House, the highest price achieved was the sale of a two-bedroom detached cottage set in 29 acres of woodland at Marsham Heath, on behalf of executors. It was said to be the most popular lot in the auction, with numerous internet, telephone and proxy bidders, and it sold for nearly double its reserve price at £475,000.

The lowest priced lot was a block of five garages at Barnfield Close in Hickling, which sold for £38,000.

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

• A three-bedroom semi-detached house requiring refurbishment on Beechwood Drive in Norwich sold for £254,000.
• A three-bedroom terrace on Temple Road in Norwich sold for £168,000.
• A two-bedroom mid-terrace house that's let for £430pcm (£5,160pa) on Rackham Road in Norwich sold for £110,000.
• An end-terrace house in need of modernisation on Merton Road in Norwich sold for £232,000.
• A four-bedroom terrace requiring modernisation on Spixworth Road in Old Catton sold for £234,500.
• A four-bedroom detached house on Withy Way in Taverham sold for £293,000.
• A three-bedroom semi-detached house requiring remedial repair on Briar Road in Harleston sold for £142,000.
• A two-bedroom semi-detached cottage that's let for £320pcm (£3,840pa) on Yarmouth Road in Thorpe-next-Haddiscoe sold for £202,000. Two other semi-detached cottages that are let for £220pcm (£2,640pa) on the same road sold for £135,000 and £124,000 respectively. 11.8 acres of adjoining arable land sold for £141,000.

The highest price achieved was the sale of a two-bedroom detached cottage set in 29 acres of woodland at Marsham Heath (Image: Auction House East Anglia)

• On instruction of executors, a Grade II listed one-bedroom timber-framed cottage on Ipswich Road in Dickleburgh sold for £100,000.
• On behalf of a housing association, a three-bedroom semi-detached house on Norwich Road in Stoke Holy Cross sold for £270,000.
• A three-bedroom semi-detached house in need of modernisation on Saddlebow Road in King’s Lynn sold for £72,500.
• A three-bedroom house off Fox’s Lane in West Lynn sold for £143,000.
• A three-bedroom detached bungalow in need of modernisation on Collins Lane in Heacham sold for £210,000.
• A three-bedroom terrace that's let for £750pcm (£9,000pa) on Little’s Crescent in Ipswich sold for £130,000.
• A detached Victorian house requiring modernisation on Emlen Street in Ipswich sold for £175,000.
• A two-bedroom terraced cottage in need of modernisation at The Londs in Overstrand sold for £205,000.
• On behalf of a public body, a two-bedroom detached bungalow at Newfields in Sporle sold for £151,000.
• A detached bungalow in need of modernisation on Neatherd Road in Dereham sold for £206,000.
• A redevelopment opportunity off Street Farm Road in Saxmundham sold for £230,000.
• A dilapidated former water pumping station set in 1.25 acres of amenity woodland off Benacre Road in Henstead sold for £48,000.
• On instruction of liquidators, a development site with planning permission for three properties off Cullingford Close in Laxfield sold for £185,000.
• A three-bedroom detached farmhouse set in 1.55 acres on Chapel Hill in Edgefield sold for £400,000. Almost 10 acres of land opposite sold as a separate lot for £155,500.
• A seven-bedroom bay-fronted terrace on Sea View Road in Mundesley sold for £295,000.
• 3.23 acres of grazing/amenity land just outside Holt sold for £155,000.
• A farmhouse in need of renovation set in 1.25 acres on Court Road in Rollesby sold for £300,000.
• A parcel of land extending to less than half an acre in Hemingford Abbots near Huntingdon sold for £49,000. Another 1.62-acre parcel nearby sold as a separate lot for £92,000.
• A three-bedroom detached house on Riley Close in Yaxley, near Peterborough, sold for £240,000.
• A three-bedroom detached bungalow requiring improvement on Rivermead in Stalham sold for £180,000.  
• 6.28 acres of agricultural land off Mill Road in Halvergate sold for £83,000.
• A Grade II listed thatched cottage requiring renovation on Clacton Road in Wix, Essex, sold for £68,000.

A block of five garages at Barnfield Close in Hickling sold for £38,000 (Image: Auction House East Anglia)

• A retirement flat at The Esplanade in Frinton-on-Sea sold for £89,000.
• A derelict detached cottage on Magdalen Street in Colchester sold for £96,000.
• A three-bedroom detached cottage in need of renovation on Wash Road in Fosdyke, Lincolnshire, sold for £130,000.
• A detached cottage on Main Street in North Kyme, Lincolnshire, sold for £120,000.
• A three-bedroom terrace requiring modernisation on Tottenham Street in Great Yarmouth sold for £71,500.
• A three-bedroom detached bungalow at Caystreward in Great Yarmouth sold for £172,000.
• A former shop on Howard Street North in Great Yarmouth sold for £41,000.
• A two-bedroom semi-detached bungalow requiring refurbishment on the High Street in Gorleston sold for £100,000.
• A two-bedroom link detached bungalow for the over 55s off Links Road in Gorleston sold for £185,000.
• On instruction of powers of attorney, a one-bedroom detached bungalow requiring modernisation on Willow Road in Lowestoft sold for £107,000.
• A basement studio flat in need of updating off North Parade in Lowestoft sold for £46,000.
• A fire-damaged ex-local authority end-terrace house on Notley Road in Lowestoft sold for £130,000.

Robert Hurst said: “We are now taking entries for our next auction on Wednesday, May 1, with a closing date for entries at the end of March.

“If you have land or property that needs to be sold, please call the auction experts on 01603 505100 for free impartial advice or contact us via our website.”