Land & Property Report
We had a fantastic turnout for TW Gaze’s Land and Property Auction on 11 May 2017. The auction room was packed and results show that interest is still very much there for the interesting and unusual properties.
Land sales are still strong, with Lot 5, a single block of land of 1.84ac with redundant buildings, achieving £102,000 against a guide of £40,000-£60,000; but perhaps the most exciting Lot and one that the majority of the room were waiting for, was our final Lot, the 9.63ac of Woodland at Green Street, Hoxne, with a guide of £40,000-£60,000. There was much excitement in the auction room, where bids started at £45,000 and escalated quickly to the final bid of £142,000! An amazing 70 legal packs had been requested and sent out for the Lot, which is a new TWG record. We had thought the record, set in our December Auction where 52 legal packs were sent out for our Lot 2, 2.71ac of Land at Forncett St Mary, guided at £30,000-£40,000 and making a staggering £113,500, couldn’t be beaten.
Small parcels of land are proving extremely popular, with many people wishing to own their ‘piece of England’ and favouring a ‘staycation’, perhaps spending weekends and summer holidays camping on a parcel of land or woodland that they own in England, rather than travelling abroad.
Top Lot was Stanton Manor, a 1960’s house, which had never been permanently occupied and now required complete refurbishment. It was viewed by over 100 people and achieved £540,000 against a guide of £400,000+. There were plenty of disappointed buyers who had travelled some distance to bid.
We are now taking entries for our
summer auction, so if you have
a property or land to sell,
please contact us for more details.
Diss: 01379 641341 or
Wymondham: 01953 423188.