East Anglia auction house December 2021 results

Published:
9:40 a.m. December 10, 2021



The East Anglia auction house held its eighth and final auction of the year on Wednesday December 8, selling 48 lots out of 56, yielding an 86 per cent win rate and raising £9.6 million.

Robert Hurst, Chartered Surveyor and Auctioneer, said: ‘It was a banner year and the December auction ended the year with a bang.

“While we believe interest rates may rise over the coming months, real estate remains a valuable and safe investment with returns well above interest rates. The shortage of supply of quality rental properties will continue. also to encourage buying to leave investors and maintain a stable real estate sector.

There were 294 registered bidders and 949 people watched the four-hour auction live on the auction house’s website, with buyers and sellers tuning in from across the country and abroad.

“There were many highlights,” says Robert, “one of which was the sale of a four-bedroom detached house on Booseys Walk in New Buckenham. Guided from £400,000 to £450,000, various internet, proxy and telephone bidders pushed the final hammer price to £525,000.

“Another plot which attracted a lot of interest was a partly converted detached barn set in a third of an acre off Broad Road in Worstead. raised the final hammer price to £226,000.

“The most expensive lot of the day was a development site with planning permission for 19 houses on The Green in Freethorpe which sold for £710,000.

“The lowest priced lot of the day was a 0.26 plot of leisure land by the river off Ling Road in Palgrave which sold for £8,000, showing the wide range of prices reached.


12 Willow Lane, Norwich, sold for £367,000
– Credit: East Anglia auction house

Sales included:

  • On behalf of a local authority, a Grade II listed four-bedroom semi-detached house in need of improvements off Willow Lane in Norwich has sold for £367,000.
  • A two-bedroom, mid-terrace house, producing £625 cfm (£7,500 a year) on Silver Road in Norwich, sold for £171,000.
  • An investment in rental industrial land yielding £3,600 a year on Oak Street in Norwich sold for £99,500.
  • A four-bedroom Victorian detached house on Thunder Lane in Norwich has sold for £525,500.
  • A two-bedroom flat on Grove Avenue in Norwich has sold for £146,500.
  • On behalf of a housing association, a two-bedroom semi-detached bungalow for upgrading on St Nicholas in Bracon Ash has sold for £177,500.
  • On behalf of a housing association, a two-bedroom semi-detached bungalow in need of an update on Lincoln Close in Hingham has sold for £146,000.
  • A residential investment comprising three let apartments producing £18,780 a year off Davey Place in Watton sold for £206,000.
  • A detached three-bedroom cottage near Watton Road in Hingham has sold for £235,000.
  • A Grade II listed three bedroom townhouse in need of updating on Beccles Road in Loddon has sold for £262,000.
  • A detached two-bedroom bungalow for renovation on Caistor Lane in Poringland has sold for £275,000.
  • A three-bedroom detached house for renovation on Orchard Lane in King’s Lynn has sold for £181,000.
  • A five-bedroom, semi-detached, multi-occupancy house, producing more than £20,000 a year on Queens Drive West in Peterborough, has sold for £208,000.
  • A five-bedroom, semi-detached, multi-occupancy house rented to produce £20,000 a year on Rock Road in Peterborough has sold for £173,000.
  • 1.3 acres of grazing/hobby land off North Green Road in Pulham Market sold for £40,000.
  • A detached three-bedroom bungalow near Holmesdale Road in Brundall has sold for £258,000.
  • A 0.9 acre hobby plot off Church Street in Bawburgh sold for £45,000.
  • A 0.77 acre plot of hobby land off Acle Road in Moulton St Mary sold for £39,000.
  • A two-bedroom semi-detached cottage producing £550 cfm (£6,600 a year) on Tut Hill in Fornham All Saints has sold for £185,000.
  • A 0.29 acre plot of riverside pasture off Ling Road in Palgrave sold for £8,500.
  • A period three-bedroom semi-detached former railway workers’ cottage in need of updating on Hales Street in Tivetshall St Margaret has sold for £202,000.
  • A complex of four barns on two acres off Church Street in Gamlingay has sold for £453,000.
  • A Grade II listed terraced cottage in need of updating near the High Street in Coltishall has sold for £155,000.
  • A development site with planning permission for two detached bungalows off Norwich Road in Cawston has sold for £254,000.
  • A former Methodist chapel converted into four flats brought in £19,200 a year off Beccles Road in Gorleston, sold for £260,000.
  • A detached two-bedroom bungalow let on a regulated tenancy producing £4,056 a year on Heath Lane in Mundesley has sold for £115,000.
  • A three-bedroom terraced house on Weston Road in Wisbech has sold for £104,000.
  • A four-bedroom penthouse in need of upgrading on York Road in Great Yarmouth has sold for £116,000. Another property on the same street sold for £92,000.
  • A former fisherman’s terraced house on Union Place in Lowestoft has sold for £92,000.
  • A three-bedroom terraced house in need of modernization on Palgrave Road in Great Yarmouth has sold for £120,000.

A £400 cfm (£4,800 pa) first-floor apartment on St Peters Road in Great Yarmouth sold for £43,000.


A former chapel on Beccles Road, Gorleston, which sold at an online property auction for £260,000

47 Beccles Road, Gorleston, sold for £260,000
– Credit: East Anglia auction house

“As we approach the end of the year and the festive season approaches, we would like to once again thank all of our many sellers and buyers for their support and for choosing Auction House this year,” said Robert.

“To them and all of our other clients and customers, may we take this first opportunity to wish you a Merry Christmas and a healthy New Year.

“Registrations for our future auctions are always invited and our first auction of the new year will take place on February 9th,” said Robert. “We continue to provide free appraisals and remain fully committed to doing what we can to help sellers and buyers.

“If you have land or property for sale, please visit auctionhouse.co.uk/eastanglia or call us on 01603 505100 for free impartial advice.”

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