DESPITE property market uncertainty, Sutton Kersh sold 35% of Lots prior to their latest auction day, totalling more than £3.9m
The auction itself saw multiple bidding wars and resulted in the team selling a total of 82% of Lots offered equating to a sales value of £8.2m.
Cathy Holt, associate director of Sutton Kersh Auctions said: “Buyers are still keen to invest in the right properties or land and there was a high demand for vacant residential properties in this auction, with many of them selling for a considerable amount over guide price.”
An example of this was demonstrated early on in the auction on Lot 7 in L13 Old Swan. This two-bed mid terraced property in need of a full refurbishment had a guide price of £70,000 and sold for £28,500 over its guide.
Lot 71 on Townsend Avenue in L11 area of Liverpool, also received a significantly high level of registered bidders. This resulted in a strong bidding war for this three-bedroom middle town house, which ended up selling for £46,000 over its £85,000 guide price.
Along with Lot 73 on Bagot Street in the popular area of L15 had a guide of £65,000 and went on to sell for £125,000. This was again a three-bed mid terraced property.
Lot 45 sold for its guide price of £50,000 a ground floor commercial premises which was a takeaway for 17 years on Utting Avenue.
Also slightly further afield, a three bedroom end terrace property in the highly sought after area of St Ives in Cornwall sold for an impressive £372,000 which was £122,000 over its guide of £250,000.
Sutton Kersh’s next auction will take place on 14th July.