Find out which properties sold to raise over £3m at auction
- Credit: Brown & Co
12 lots out of 12 lots sold at Brown & Co’s recent auction, achieving a 100% success rate and raising a sum of £3,156,000.
“The firm sold a variety of property in Norfolk and Suffolk,” says chartered surveyor Peter Hornor.
“Highlights included a bungalow in Reepham in need of renovation, selling for £100,000 in excess of the reserve; a three-bedroom detached 1930’s house in need of renovation on Christchurch Road, one of the favoured residential areas in Norwich, selling for £120,000 in excess of the reserve; and a property on Newmarket Road, selling for in excess of £50,000 over the reserve.
“Another particular highlight involved the sale of surplus farmland at Salthouse – with a guide price of £5,000-£10,000, it sold for £96,000.”
Mr Hornor says that the firm’s clients were “thrilled” with the results, and confirmed that the online approach is here to stay.
“Brown & Co has now held six online sales over the last year and continues to develop its approach to this form of marketing property,” he says.
"The market continues to move forward throughout the price ranges, with demand continuing to outstrip supply. The scarcity factor is very relevant and Brown & Co emphasise that they are ready, willing and able to provide advice without obligation for property across the board, including houses and cottages in need of renovation, city terraces and executorships, together with land throughout the region.”
The next three auctions are in mid-July (with four lots currently registered), as well as one at the end of July, and an autumn auction which will take place at the end of September, for which the firm already has numerous lots registered.
For further information, contact Peter Hornor or Trevor Blythe on 01603 629871.
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