Sutton Kersh Auctions sells over 49 Million pounds worth of property in the first 4 auctions of 2021!

Sutton Kersh Auctions held their mid-year summer event on 15th July which was watched across the country by hundreds of people.

The team offered 134 Lots on the day for auction which included over 70 residential investment properties alongside commercial and development opportunities too. 

Prior to auction the team sold 31 Lots worth over £4 million, which when added to the results of the day of the auction equates to an astonishing £13 million worth of property, with 85% of Lots offered now sold.  

The team at Sutton Kersh Auctions have had a phenomenal year so far with their live online auctions. They have now sold over 400 properties through just 4 auctions and the value of the proeprties sold is over £49 Million!

There were over 400 bidders registered and bidding wars were strong from the start with many Lots selling for considerably more than their guide prices. For example, Lot 1, a three-bed semi in the L10 area of Liverpool had a guide price of £65,000 and sold for £93,000.

Lot 29 was a mixed-use investment opportunity in L4, producing £10,880 per annum, had a guide of £68,000 but it sold for a huge £103,000.

Another mixed-use property, Lot 42, a three-storey terraced property comprising of a ground floor retail unit together with office and storage space to the upper floors, had a guide of £110,000. This particular Lot had a high number of bidders register for it, which resulted in a lively bidding war and the property selling over its guide price.

Lot 49 on the popular Smithdown Road, again a mixed-use investment property, had a guide of £150,000 and sold for £190,000 after a long bidding war.

Associate Director of Sutton Kersh Auctions, Cathy Holt commented, ‘Given that the stamp duty holiday has come to an end and nationally there has been a slight dip in the market, our auction results today show that there is still a huge demand for certain types of investment, commercial and residential properties throughout England. Today was a huge success with us selling over £13 million worth of property through a single auction yet again, with this figure set to rise due to post auction sales.’

Some other highlights of the auction include Lot 64, a mid-terraced three-bed property in the heart of L4, listed at £45,000 which sold for just under £75,000 and Lot 76, another three-bed mid-terraced property, which again saw a high number of bidders register and a sale of £37,000 over the guide price.

Cathy also commented; ‘Despite the many changing trends in the market over of the last 12 months there is still a very high demand for three-bedroom properties, which has been evident in our results, especially over the more recent auctions’.

Sutton Kersh Auctions will be holding their next auction in September 2021. For further information please email auctions@suttonkersh.co.uk.

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