Dramatic bidding wars still aplenty as Sutton Kersh live stream their Spring Auction

Thursday 21st May saw Sutton Kersh hold their first live streamed auction and what a success it was. The team had already sold over £2 million worth of property prior to their live auction and sold a further £5 million on the day, equating to a total of over £7 million for their Spring auction.

75% of properties listed were sold and by the time the auctioneer was up to Lot 5, Sutton Kersh had already generated over £1 million worth of sales. The auction kept going from strength to strength thanks to the high calibre of properties offered, enthusiastic bidders and charismatic auctioneer!

Andrew Binstock, their resident auctioneer, hosted the auction which had 300 bidders register and was watched online by hundreds throughout the country.

Lot 1 was the well known Princes Building on Dale Street in the heart of Liverpool’s business district. It was recently refurbished to provide 35 residential apartments, ground floor retail units and basement accommodation. Prior to this, the building was used by musicians, such as The Zutons, for rehearsals. It sold for an astounding £916,000, which was £166,000 over the guide price.

Sutton Kersh Auctions Director Cathy Holt said ‘Myself and the team are delighted with the success of our first live streamed auction, given the unprecedented times we have recently been facing. We are all still working remotely and it just shows the strength and expertise within our team. So far this year we have sold a total of 207 properties, with a sales value of £19.6 million, and we aren’t even half way through the year yet!’

A few highlights from the auction include 3 properties located on Gentwood Road in L36, which all sold for at least £20,000 over their guide price.

Also noted was that properties outside Merseyside proved popular, such as Lot 4, Hollins Road in Oldham, which sold for £33,000 over the guide price.

Strong bidding wars took place on residential properties in South Liverpool, such as Lots on Gateacre Vale Road in Woolton and Chelwood Avenue in Childwall, which resulted in them both selling for over their guide prices. The Chelwood Avenue property only came to market with Sutton Kersh on Friday 15th May and as such sold within a week for £35,000 over the guide price.

Lot 75, a three storey mixed use investment property located on a corner of Smithdown Road sold for £455,000 which was £155,000 over the guide price.

The team ended on a high with the penultimate Lot, a 3 bed semi detached property in Hampshire, selling for £464,000.

Sutton Kersh will be holding their next auction on 16th July and are currently taking instructions for this.

For more information on about their auctions please email the team at auctions@suttonkersh.co.uk or for any press enquiries email Helen@goodwineventsmarketing.co.uk