Which properties sold at online auction to raise over 8m?
Published: 5:15 PM June 17, 2021  Auction House East Anglia held its fourth auction of the year on Wednesday, June 16 selling 43 out of 50 lots offered giving an 86% success rate and raising over 8 million. We are delighted with the results of our fourth auction of the year, said Robert Hurst, chartered surveyor and auction manager. There were 221 registered bidders and thousands watched the four hour auction live on our website with buyers and sellers connecting with us from all over the country and abroad. There were many highlights, one of which was the sale of 348 Unthank Road in Norwich. Previously a buy-to-let, its location in the Golden Triangle generated significant interest. With a guide price of 180,000 to 200,000 there were a number of bidders at the auction. Various telephone, proxy and internet bidders pushed the final hammer price to 248,000, much to the delight of the owner. Quirky and unusual things also make ideal auction lots and we had a number of these including a Grade II listed united reform church in Duxford built in 1794. It had not been used for some time and has potential to be converted into a house subject to the necessary consents. Guided at 160,000-180,000, spirited bidding took the final hammer price to 218,000. A former church building in Duxford sold for 218,000 - Credit: Auction House East Anglia  Most of our lots are on dry land but we offered a floating restaurant boat in Thetford town centre. Measuring 56ft, it is currently moored on the River Little Ouse and needs a new lease of life. With a guide of 10,000 to 20,000, it finally sold for 26,500. From water to dry land, land lots continued to fare well with 3.57 acres of grazing land off The Street in Reymerston guided 35,000 making a staggering 136,000 (38,000 per acre). 9.1 acres of grazing/amenity land in two parcels off Brandiston Road and Norwich Road in Cawston sold for 268,000 (29,000 per acre), and a 0.3 acre parcel of amenity land in Marlesford Road in Hacheston guided 30,000 made 101,000. Building land also proved popular with two building plots at The Grove on Cromer Road in Holt selling for 436,000, off a guide of 300,000. This shows that selling by auction should always be considered when selling land with or without planning permission.  The Boat, Riverside Walk, Thetford, sold above its guide for 26,500 - Credit: Auction House East Anglia  A mixture of lots including residential, commercial and land went under the hammer and some of the sales include:     A vacant Grade II listed shop and self-contained maisonette requiring modernisation off Magdalen Street in Norwich sold for 170,000.  A seven-bedroom detached property currently arranged as a three-bedroom maisonette and four- bedroom apartment in Mangreen sold to an internet bidder for 475,000.  On behalf of a housing association a three-bedroom semi- detached house on Hall Road in Winfarthing sold for 230,000.  A Victorian bay-fronted three- bedroom terraced house on Unthank Road in Norwich sold for 248,000.  A three-bedroom semi-detached house requiring modernisation on Aylsham Road in Norwich sold conditionally for 211,000.  A let first-floor one-bedroom flat producing 440 pcm (5,280 pa) at The Towers on Carrow Hill in Norwich sold to a telephone bidder for 99,000.  A let shop and ground rent income producing 6,720 pa on Magdalen Street in Norwich sold for 71,000.  A let four-bedroom semi-detached house of non-standard construction producing 12,000 pa on St Mildreds Road in Norwich sold for 192,000.  A two-bedroom detached bungalow of non-standard construction on Black Horse Road in Clenchwarton sold for 161,000.  On instruction of mortgagees not in possession, a five-bedroom detached house on Moat Road in Terrington St Clement sold for 200,000.  A three-bedroom detached bungalow requiring refurbishment on Broadwater Way in Honing sold for 333,000.  A steel framed agricultural building set in 1.88 acres on Grub Street in Happisburgh sold for 126,000. Barn and land off Grubb Street, Happisburgh, which sold for 126,000 - Credit: Auction House East Anglia   A small parcel of amenity land extending to 33mx10m on Sandpit Lane in Thorpe Market sold for 48,000.  A four-bedroom end terrace house on The Street in Shotley sold for 180,000.  A let second-floor flat producing 575 pcm (6,900 pa) at Hilcrest Court, Ipswich Road in Pulham Market sold for 105,000.  A two-bedroom mid-terrace house requiring modernisation on East Road in Great Yarmouth sold for 74,750.  A vacant two-bedroom end terrace house on Mariners Road in Great Yarmouth sold for 67,000.  A let two-bedroom mid terrace house producing 410 pcm (4,920 pa) on Mariners Road in Great Yarmouth sold for 65,000.  A Grade II listed former united reform church on Chapel Street in Duxford sold for 218,000.  A nine-bedroom mid-terrace guest house on Wellesley Road in Great Yarmouth sold for 185,000. 148 Magdalen Street in Norwich sold for 170,000 - Credit: Auction House East Anglia   A vacant three-bedroom ex local authority mid terrace house on St Catherines Way in Gorleston sold for 157,000.  A 12-bedroom mid-terrace hotel on Marine Parade in Great Yarmouth sold for 300,000.  A detached three-storey property arranged as five self-contained residential units let producing 31,800 pa on Middleton Road in Gorleston sold for 430,000.  A two-bedroom semi detached cottage on Chapel Street in Peasenhall sold for 147,000.  A one third of an acre parcel of land on Marlesford Road in Hacheston sold for 101,000.  A former floating restaurant boat on Riverside Walk in Thetford sold for 26,500.  A two-bedroom detached bungalow on Withergate Road in Worstead sold for 185,000. Auction House East Anglia is now taking entries for its next auction on Wednesday, July 28, with a closing date for entries towards the end of June. You may also want to watch:  Call the auction experts on 01603 505100 for free impartial advice, or contact the team via the website at auctionhouse.co.uk/eastanglia.