More than £3.5 million worth of property sold at auction today in Norwich
auction house property - Credit: Archant
Auction House sale today in Norwich sees 26 properties go under the hammer raising more than £3.5 million
Hundreds of people attended today's Auction House sale in Norwich which raised more than £3.5 million with 26 properties sold.
Chartered surveyor and auction manager Robert Hurst said: 'Many properties performed well including the sale of a mid terrace house in Caernarvon Road, Norwich requiring modernisation which sold for £171,000 off a guide of £110,000. This sets us up well for our next auction on December 10.'
A mixture of lots went under the hammer including a range of properties requiring improvement and modernisation, and some of the sales include:
•On behalf of a public sector client a period semi-detached house on Essex Street in Norwich requiring updating sold for £275,000 off a guide of £250,000.
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•A former Baptist church on Silver Road with lapsed planning permission to convert into 12 flats sold for £200,000.
•A detached cottage in Hackford near Wymondham subject to an Assured tenancy sold for £115,000.
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•A greenfield development site with planning permission for four detached properties in Wymondham sold for £375,000.
•21 acres of grazing land in Kentford near Bury St Edmunds sold for £175,000 equating to £8,333 per acre.
•On behalf of receivers a retail investment in Thetford sold for £153,000, over double the reserve price.
•On behalf of mortgagees a vacant shop in Diss sold for £65,000.
•A mid terrace house let to students on Warwick St, Norwich producing £11,000 pa sold for £169,000.
Tomorrow sees Auction House hold their third auction in a week; at noon at the Dukes Head Hotel in Kings Lynn. Entries are invited for Auction House East Anglia's next auction on December 10. Visit www.auctionhouse.uk.net
