Their first auction of the final quarter of the year saw over 500 bidders registered and 80% of properties listed sold, with a total sales value of over £11.5 million. The team offered 96 lots on the day after selling over £3.1 million worth of property prior to the actual online event.
Lot 1 received an exceptionally high amount of interest; a three-storey end-terraced property in the heart of Woolton Village, L25, comprising of a ground floor café together with a three-bed flat above over the first and second floors. It had a guide of £215,000 and sold for £340,000.
Lot 7, a three-bed mid-terraced property in L9, had a lot of bidders registered for it due to the potential of the property. It sold for £130,000 after being listed for £85,000.
Throughout the auction bidders showed a lot of interest in residential properties that were either terraced or semi-detached style. Three-bedroom properties for investment or occupation were particularly popular, such as Lot 14, a three-bed double fronted semi-detached house in Crosby, L23, which requires a scheme of refurbishment. It was listed with a guide price of £100,000 and sold for £140,500.
Lot 20 was a three-bedroom first floor flat in Bootle and was listed with a guide price of £25,000, selling for a bargain price of £30,000.
Another mixed-use property that proved popular both in the run up to the auction but also on the day was Lot 41 on the popular West Derby Road in L6. It had a guide of £70,000 and after a long bidding war it sold for £110,500.
Lot 78 in Wavertree is another three-bed mid-terraced property that was in huge demand and after another fierce bidding war sold for £40,000 over its guide price.
Cathy Holt, Associate Director of Sutton Kersh Auctions, said “We are delighted by our September results which brings our year-to-date total value of sales to over £60 million through just five auctions. We have two auctions to go for this year and already have a waiting list of those wanting to sell at our October auction and buyers who missed out on today’s Lots re-registering too. This shows there is still a huge demand for investment in the property market for both residential & commercial uses.”
Lot 79 saw multiple bidders from across the country register to bid. This stunning three-storey (plus basement) six-bedroomed Victorian semi-detached house in Sheffield needs a full upgrade and refurbishment scheme and once completed would be suitable for occupation or investment purposes. It was listed with a guide price of £375,000 and sold for £411,500.
Lots 111 & 112 were also residential properties attracting high levels of interest which resulted in them both selling for over £20,000 over their guide prices.
Sutton Kersh Auctions will be holding their next auction on 28th October 2021.