£53 Million worth of property sold this year by Liverpool's leading auction house

On Thursday 10th December Sutton Kersh Auctions held their final auction of the year and sold over 88 properties, in total worth over £7 Million.

They sold 29 properties worth £2.2 Million prior to auction, including a £10,000 guide price property in Newsham Park which sold for considerably more.

This brings their annual total for 2020 to over 550 properties sold at a value of £53 Million, which equates to them selling  85% of the lots they have offered, with these numbers set to rise with post-auction sales.

Cathy Holt, Associate Director, comments ‘What an incredible way for us to finish the year, taking us to over 550 properties sold in the last 12 months! The value of sold properties has increased this year by 16% on the previous year and we have also seen a 6% increase in the total number of properties we have sold. To be up on last year’s figures in a year overshadowed by a global pandemic is a true testament to my team and how hard they work to deliver the best results for our Vendors.  It was also interesting to see such a high demand in a single postcode on Thursday’s auction - L15, Wavertree’.

Bidding was strong from the start; Lot 1 had 26 bidders registered which resulted in a sale £26,000 over the guide price and Lot 2 sold for £30,000 over its guide price. Both properties were 3 bed terraced properties.

Lot 6, a 3 bed town house in L9, had a guide of £35,000 and sold for an impressive £80,000 – a huge 129% over the guide price!

A double fronted mid town house property on Greenfield Road in L13, that has been converted to provide 5 self-contained flats, sold for £200,000 which was £35,000 over the guide price (Lot 20).

Bungalows again proved popular and are constantly in demand and Lot 64, the two bedroom bungalow Sutton Kersh Auctions had listed, further reinforced this. It was on the market for a steal at £70,000 and sold for £101,500.

Lot 69 was a three storey mid terraced mixed use property on County Road, arranged as a ground floor retail unit with two flats above (one 2 bed and the other one 1 bed). When fully let it will produce a total rental income of £16,678 per annum and it sold for £30,000 over the guide price.

The majority of Lots once again sold for over the guide price and renovation/refurbishment projects seemed to be very popular again, both in Liverpool and further afield. Lot 88 in Scunthorpe, a 3 bed mid terrace in need of repair and renovations, had a guide price of just £15,000 and sold for £48,000.

Until this year, Sutton Kersh Auctions were held in a room full of bidders, with an exciting atmosphere fuelled by bidding wars. They then had to make a huge change and move everything online to be live streamed. However, their auctions have proved more popular than ever and attracted more bidders from outside the North West, making this year their most successful year in business so far! The property market throughout the country has seen more and more people investing in property, especially for residential and investment use.

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