Liverpool's largest auction in a decade - £9m in sales

Sutton Kersh’s February auction was the largest the Liverpool city region has seen in more than 10 years.

There were over 160 lots at auction and sales figures topped £9m, with 80% of properties sold on the day.

Sutton Kersh's February auction was the largest the Liverpool city region has seen in more than 10 years.

There were over 160 lots at auction and sales figures topped £9m, with 80% of properties sold on the day.

Bidding was intense and competitive, with a room packed with over 300 buyers and some properties selling for almost double the guide price.

Cathy Holt, director at Sutton Kersh said: “It's been a huge auction, a record breaker for Liverpool. Sales pre-auction have also been extremely strong with £2.7m of property sold in the last few weeks, including some truly unique properties, such as a Victorian water tower in Ormskirk, with planning consent for a four bedroom dwelling, which sold for £135,000.

“The amount of instructions and sales points to a big upturn in the market, although some of this is also being driven by proposed changes to stamp duty on buy to let properties, with buyers looking to complete property deals before proposed changes come into force in April.”

A number of stand out properties sold for close to double the guide price. These included the first lot, Reynolds lodge, a Grade II, listed building with a guide price of £90,000, which sold for £163,000.

Other star performers included lot 77, a three storey property on Waverley Road, Sefton Park, with a guide of £225,000 which sold for £304,000 and lot 132, land on Naylors road, with a guide price of £20,000 which sold for £80,000.

Sutton Kersh is now inviting entries for the next auction, which takes place on the 31st March. The closing date for entries is the 4th of March and they recommend instructing early to take maximum advantage of the marketing campaign which runs before each auction.

For more information call 0151 207 6315.