September auction tops £4.5million in sales

Sutton Kersh's September auction saw yet another record turnout, with more than 200 people attending, and over 70% of the lots sold so far.

Held at the Crowne Plaza, the auction included some properties selling for double the recommended guide price.

Sutton Kersh's September auction saw yet another record turnout, with more than 200 people attending, and over 70% of the lots sold so far.

Rock Park

Held at the Crowne Plaza, the auction included some properties selling for double the recommended guide price.

The auction included a mix of residential and commercial property and there was strong bidding across both sectors, which, according to Sutton Kersh, points to a robustly performing property market.

Cathy Holt, head of auctions at Sutton Kersh, said: "We've seen consistent high attendance at property auctions this year and have now sold 347 properties to date in 2015, generating proceeds for our clients of over £21.5 million. The residential sector has seen strong levels of interest and investment, with a number of the lots on offer during auction sold well above the recommended guide price or even sold before the auction has taken place."

Star performers included Lot 69, a five bed terrace on the popular Sheil Road in Kensington, which sold for £106,000, with a guide price of £55,000 and Lot 72, a town house off Princess Drive, with a guide price £35,000, which sold for £60,000.

Stand out properties included a stunning Georgian Grade II detached property, 18 Rock Park, in Birkenhead, with views onto the Mersey Estuary. The derelict property sold for £35,000 above the guide price and has planning permission to be converted into six two bedroom flats.

Other highlights included Lot 58, a substantial three storey detached house in Princes Park. Converted into 12 flats, the Princes Park property sold for £480,000, £80,000 above the guide price. It will generate an annual rental income in excess of £60,000, a potential gross return of 12.5%.

Sutton Kersh is now inviting entries for its next auction which takes place on Thursday 29 October. The closing date for entries is Friday 2 October and the firm recommends instructing early to take maximum advantage of the marketing campaign which runs before each auction.

The venue for the October auction will be Marriott Hotel, 1 Queen Square.

For more information visit www.suttonkersh.co.uk/auctions-property/ or call 0151 207 6315.