More than 450 buyers and sellers packed the saleroom at Romans' recent auction of property and land. Enthusiastic bidding resulted in 12 of the 15 lots selling in less than an hour.

Simon Clayton, Romans’ auctions director said, “The sale was our first of the year and achievement of 80 per cent of sales to lots exceeds the national average. Canny investors seem to have identified that it is a good time to buy, as evidenced by one lot selling at 37 per cent over its guide price. Additionally there were a large number of bidders on the bigger lots, with Burfield Road selling for £470,000 – £20,000 above its guide price.

“We are experiencing a big demand for residential property at the moment. Three properties that didn’t sell on the day have since received considerable levels of interest and we anticipate the majority will sell within a few days,” concluded Clayton.