Property Auctions In Norfolk

Photo of a white stone house sold at property auctions in Norfolk, England
property auctions in Norfolk offer the buyer a huge range of interesting properties to choose from. Photo © Geographer (cc-by-sa/2.0)

Property Auctions in Norfolk, England

Whether you are after a permanent or holiday home, more and more purchasers are buying at property auctions 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.

Norfolk offers an interesting range of properties, from family homes in the countryside to buildings which can be renovated and converted. Attending property auctions in Norfolk appeals to potential buyers who want good quality housing in a peaceful and desirable part of England.

Photo of a derelict outbuilding in Norfolk, England
Property for sale in Norfolk includes many interesting derelict properties and outbuildings suitable for renovation. Photo © Gareth Hughes (cc-by-sa/2.0)

Further Reading:

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 and seaside properties in Norfolk.

Prices for buyers at property auctions in Norfolk can be dramatically reduced if they are prepared to live 10-20 miles inland in a rural property or move to one of the many villages in Norfolk.

Photo of an abandonded rural property in Norfolk
Norfolk has many rural properties for sale at auction, some which can be renovated and converted into beautiful homes. Photo © Hugh Venables (cc-by-sa/2.0)

Bargain Property 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.

Larger properties are rarely found at property auctions in Norfolk and, if they are listed as lots, have significantly higher guide prices at auction, usually starting at £300,000 and going up to over £1 million.

UK Auctions:

Photo of a flint and brick cottage in Norfolk
One of the tradional building methods in Norfolk was flint and brick, as seen in this beautiful cottage. Photo © Pauline E (cc-by-sa/2.0)

Popular places at property auctions in Norfolk

Property In Norwich

With a population of 150,000, Norwich is the largest city in Norfolk. It was voted the best place to work in the UK in 2015 and is the UK’s only UNESCO City of Literature. The main benefit of buying property in 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.

Norwich 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 at local Norwich property auctions.

Image of tradional houses in Norwich, England
The city of Norwich offers a very good range of property for sale, from traditional houses to flats, studios and modern developments. Photo © John Sutton (cc-by-sa/2.0)

Wymondham Property

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.

Beautiful multicoloured cottages in Wymondham Norfolk
Property in Wymondham rarely appears at Norfolk property auctions and bidding can be very competitive when one of these beautiful houses becomes available. Photo © Colin Smith (cc-by-sa/2.0)

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Property in Diss, Norfolk

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 of Diss 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 for sale in Diss start at £180,000 for a terraced house or cottage and go up to £800,000+ for detached homes at property auctions in Norfolk.

Photo of a derelict house in Diss, Norfolk
The village of Diss in Norfolk is also popular with property buyers but good opportunities do sometimes appear at local property auctions. Photo © Geographer (cc-by-sa/2.0)

Property In Cromer

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.

Photo of two new houses in Cromer, Norfolk
Cromer is always popular with property buyers and offers a good range of property for sale, from tradional homes to new houses with fantastic views. Photo © Hugh Venables (cc-by-sa/2.0)

Property Sales In Holt, Norfolk

The houses in Holt mainly Georgian townhouses and flint stone cottages, many of which are listed buildings. When they are put up for sale by 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).

Property Auctions 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.

Norfolk Property Resources

Property Auction Sales in Norfolk

With rural, coastal and urban properties on offer, there is a wide range of auction property available for sale in Norfolk.

Cheap Property in Norfolk

One of the cheapest places to buy a property at auction 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.

Holiday Homes 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).

Commercial property for sale in Norwich, Norfolk
Norfolk is an excellent location to look for commercial properties for sale. Many can yield very good rents and prove to be a good investment. Photo © Richard Humphrey (cc-by-sa/2.0)

Commercial Property Sales In Norfolk

If your dream is to own your own business, then buying a commercial property at auction 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.

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Conclusion: Buying At Property Auctions 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 a homes for sale at property auctions in Norfolk on the coast or in a village and yet still be close enough to urban centres for their retail or entertainment needs.

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