24th June 2020
Bidders rush to buy to buy plot of land in rural Norfolk
A parcel of land near Norwich has sold in an online auction after some last-minute bidding saw it reach a final total of five times its *guide price.
After attracting 57 bids, the irregular plot of land at Blackwater Lane in Great Witchingham sold by SDL Auctions on behalf of Norfolk County Council in an unconditional online auction, achieving £10,000 from a guide price of £2,000+.
Andrew Parker, managing director at SDL Auctions, said: “We had a similar success for the same local authority in April, so it is clear that land in Norfolk is very much in demand. The site does not currently have planning permission but, if this could be obtained, we feel it would make an ideal building plot in a much sought-after location. Despite selling for much higher than its guide price, the plot represents excellent value and is likely to prove an excellent investment.”
The site is in a rural location close to the Whitwell Common Site of Special Scientific Interest, a valley fen which features grassland, woodland and wetland, and the Marriott’s Way Heritage Trail, a 26-mile footpath, bridleway and cycle route along disused railway lines.
It is just a few minutes from the village of Great Witchingham, with several small shops, a primary school, health centre and church all within easy reach. Leisure facilities are excellent with cricket, golf and fishing nearby, as well as visitor attractions including a llama park and the Roarr! Dinosaur Adventure park. The city of Norwich is around 11 miles from the village and offers a wide range of shops and amenities.
This was another positive result for SDL Auctions – which has a 100% success rate when selling on behalf of Norfolk County Council. Most recently, a plot in Harling sold for £42,400, more than 20 times its guide price of £2,100.
Andrew added: “We were delighted to be asked to sell a further lot for Norfolk County Council and that it achieved another great result. Selling in an online auction offers the advantage of being able to advertise a property at any time, within just a few hours if the legal pack is ready. It is ideal if you prefer not to wait for one of our monthly national property auctions.”