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Auction Properties in Norfolk, England
Buying property for sale at auction in Norfolk, England
Whether you are after a permanent or holiday home, more and more purchasers are buying auction properties in Norfolk, England. Covering 2,000 square miles, this part of England is sparsely populated with only 850,000 inhabitants, a fifth of whom live in Norwich.
Despite the lack of a motorway, travelling to and from Norfolk has become much easier since the A11 became a dual carriageway while there are also regular train services to the capital and Cambridge. This close proximity to the famous university city has helped with the development of new high-tech industries although the county is still heavily reliant on agriculture and tourism as a source of income and jobs. Buying auction properties in Norfolk appeals to buyers who want affordable housing in an unspoilt part of England.
Property prices in Norfolk
Norfolk’s four main urban centres: Norwich, Great Yarmouth, King’s Lynn and Thetford have the cheapest property prices in Norfolk. In all these places, it is possible to find a 3-bedroom semi-detached house for under £150,000. In Norwich, homes for this price tend to be located on the outskirts of the city. Within the city of Norwich, prices will be considerably higher ranging from £165,000 to £240,000. With the exception of Great Yarmouth, you can expect to pay £150,000-£250,000 for coastal properties in Norfolk. However, this price can be dramatically reduced if you are prepared to live 10-20 miles inland to one of the county’s many villages.
Where to find auction properties in Norfolk
Norfolk’s main towns and cities have the same housing stock as other urban centres in the UK such as Georgian town houses, late Victorian terraced houses, and post-war semi-detached houses. In the rural parts of Norfolk, there is greater variety including country cottages, brick and flint farmhouses, converted barns, former fishermen’s cottages and large detached estates. Such properties are rarely found at property auctions and will have significantly higher prices, starting at £300,000 and going up to over £1 million.
Our recommendations for the best places to buy an auction property in Norfolk are:
With a population of 150,000, Norwich is the largest city in Norfolk. It was voted the best place to work in the UK (2015) and is the UK’s only UNESCO City of Literature. The main benefit of Norwich is that it has all the amenities that you would expect from a city, but it is compact enough to get around on foot. It has a range of property types from terraced housing to former wool merchants’ detached houses. The average price of a house in Norwich is £238,000 (with a flat costing £140,000), but it is possible to find properties in the suburbs for much lower prices.
Ten miles from Norwich is the charming market town of Wymondham. Its location on the A11 makes it ideal for commuting into either Norwich or Cambridge. It is also ideal for families with excellent primary and secondary schools. Within the centre, the mid-17th century and Georgian properties rarely come up for sale but further outside the town, prices for post-war semi-detached houses start at £200,000 while a country cottage would cost £240,000-£300,000 depending on its condition.
Located on the border with Suffolk and close to the Norfolk Broads, Diss is about 20 miles from Norwich. It has a train station with direct services to Norwich, Ipswich and London so commuting is quite easy. The housing stock in the centre consists of a mixture of cottages, 16th-century timber-framed houses and period town houses while larger detached houses can be found around Fair Green. Its suburbs have mainly modern semi-detached houses. Prices for property in Diss start at £180,000 for a terraced house or cottage and go up to £800,000+ for detached properties.
Perched on a cliff about 20 miles north of Norwich, Cromer is a popular Norfolk holiday destination with wide expanses of sandy beaches, a pier and coastal walks. Its town centre has a wide range of shops, the vast majority of which are independently owned. The housing stock within the town centre is mainly Victorian with houses built after the advent of the railway. However, there are also semi-detached houses, cottages, flats and larger detached properties. This would be ideal as a permanent or holiday home. Two-bedroom flats start at £135,000 while family homes are £220,000-£300,000.
Not far from Cromer is the picturesque town of Holt. The centre of the town has period charm with many independent shops, tea rooms and art galleries. It is in the heart of the countryside and the 200-acre Holt Country Park is a short walk away. The housing stock is mainly Georgian townhouses and flint stone cottages, many of which are listed buildings. When they are put up for auction, property prices in Holt are £500,000-£1 million. Further outside the town, you can find bungalows, semi-detached houses and barn conversions (priced £225,000-£280,000 depending on their condition).
Auction Property in Norfolk FAQ
How can I find auction properties in Norfolk?
A number of local auctioneers specialise in Norfolk properties put up for auction. You can find out more from press releases or their websites. You could also ask to be added to their mailing lists as auction properties in Norfolk become available.
How much are auction properties in Norfolk?
Property sold at auction in Norfolk reaches an average price of £90,000-£250,000. The guide price and final sales prices depends on what type of property it is, its location, age as well as interest shown by other perspective bidders.
Which areas are best to find auction properties in Norfolk?
The best places to look for auction properties in Norfolk are Norwich, Diss, Holt, Cromer and Great Yarmouth. Your choice will depend on your budget and what you are looking for.
Can I buy repossessed auction properties in Norfolk?
Yes, there are many repossessed properties sold at auction in the Norfolk area. Repossessed auction properties might be advertised in the local press or on the websites of auctioneers.
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What kind of auction properties in Norfolk are available?
With rural, coastal and urban properties on offer, there is a wide range of auction property available for sale in Norfolk.
Cheap properties in Norfolk
One of the cheapest places to buy an auction property in Norfolk is Thetford. Located near the A11 and with direct train services to Norwich and Cambridge, it is the ideal place for commuters. The average price of property in Thetford is £145,000. This town would appeal to first-time buyers or young professionals just getting their foot on the property ladder. It is also ideal for someone who has the auction property financing in place to renovate a neglected building. King’s Lynn (average property price: £110,000) is another place where you can pick up cheap auction properties.
Holiday homes for sale in Norfolk
If you are interested in a Norfolk holiday home near the sea, the cheapest place to buy an auction property is Great Yarmouth (prices start at £90,000). Coastal resorts further north (such as Hunstanton and Sheringham) tend to be more expensive (£180,000-£250,000).
For those interested in a rural holiday home in Norfolk, there are many villages to choose from. Popular choices include Dereham and Fakenham which are both in the £150,000-£200,000 price range.
Commercial properties for sale in Norfolk
If your dream is to own your own business, then buying a commercial auction property in Norfolk might be the best decision. Most of the High Street brand names tend to be located in the main urban centres like Norwich. Outside of these cities, many of the market towns in the county rely on independent shop owners. Apart from the summer tourist trade, these businesses are supported by the local community. You can buy commercial auction properties in Norfolk for £200,000-£750,000 including guest houses, pubs and tea rooms.
5 reasons to buy auction properties in Norfolk
The safety of Norfolk
Norfolk enjoys one of the lowest crime rates in the UK. It is a place where you can bring up children without worrying about their safety.
The beauty of Norfolk
As well as the coastline of sandy beaches and windswept cliffs, this area of East Anglia has the famous Norfolk Broads, rivers, lakes, heaths and woodlands. It is the ideal place for walks as well as a range of outdoor activities – on land and on water.
The wildlife and nature in Norfolk
Norfolk is one of the best places to go birdwatching. Apart from birds of prey and waterfowl, it is also one of the few natural habitats of grey seals left in England. In general the entire county is a nature lovers paradise and no matter where you buy your house you are likely to be within easy reach of beautiful landscapes.
The relaxed lifestyle of Norfolk
Norfolk is one of the best places in the country to escape the “rat race”, so it’s little wonder that buying property here is so popular. The relaxed lifestyle is matched by the friendliness of its inhabitants and their strong sense of community spirit.
Entertainment in Norfolk
Although outdoor activities like boating and hiking are popular in Norfolk, it has a range of cultural amenities such as theatres and cinemas. The county of Norfolk also plays host to a variety of musical and literary festivals.
Conclusion: Buying auction properties in Norfolk
Norfolk appeals to buyers of all ages from young professionals to retirees. This is because the county mixes the best of both worlds. People can buy an auction property on the coast or in a village and yet still be close enough to urban centres for their retail or entertainment needs. From Grade 1 listed buildings to bungalows with all the mod cons, Norfolk has a wide range of building types so you will definitely find the auction property of your dreams – and at reasonable prices.