Auction House East Anglia reported a highly successful livestream property auction on Wednesday, 22nd October, with 74 lots sold and total sales exceeding £11.6 million. The auction featured a wide variety of properties, ranging from small plots of land to substantial residential homes and unique buildings.
Prices started from £6,500 for a half-acre parcel of land in Saxmundham, Suffolk, and went as high as £400,000 for a public house in Harlow, Essex.
Properties with modernisation potential proved particularly popular. Stonebeck, a four-bedroom bungalow set in 10 acres of woodland at 2 Cromer Road, Hainford, attracted competitive bidding and sold for £392,000, significantly above its guide range of £250,000–£300,000.
Two former places of worship were also highlights of the auction. Thetford United Reform Church, a Grade II listed building dating back to 1817, sold for £211,000, while Bethel Gospel Hall, a Victorian detached building near Gorleston seafront, went for £107,000. Both properties present opportunities for conversion, subject to planning consent.
Notably, ready-to-move-in investment properties performed strongly as well. 14 Sea View Road in Mundesley, a five-bedroom semi-detached house boasting cliff-top views, sold for £113,000 against a guide of £100,000, appealing to buyers interested in holiday let potential.
Land sales also exceeded expectations. A self-build plot on Woodbastwick Road, Blofield, measuring around a quarter of an acre and benefiting from outline planning permission for a detached house, sold for £216,500, surpassing its £130,000–£150,000 guide. Additionally, the 10-acre parcel of amenity land sold alongside the Hainford bungalow reached £150,000, equating to £15,000 per acre.
Robert Hurst, auction surveyor at Auction House East Anglia, commented: “We were delighted with the results of the October auction, which demonstrated strong demand across a diverse range of properties and land despite concerns about what might come out of the Budget next month. Buyers were particularly attracted to unique opportunities, such as the former places of worship, but their appetite for well-presented homes and prime self-build plots has also revived. This led to these lots far surpassing pre-auction expectations, a clear sign that the market remains active and competitive for sensibly priced lots as we approach the end of the year.”
Auction House East Anglia is now inviting entries for its final livestream property auction of 2025, scheduled for Wednesday, 10th December.
