So far eight properties have sold prior including: 109 Carisbrooke Road (Lot 2); 43 Newman Street (Lot 4); 365 Mill Street (Lot 32); 81a Thornton Road (Lot 33); 192 / 194 Longmoor Lane (Lot 53); 51 Sedley Street (Lot 74); 31 Shaftesbury Terrace (Lot 81) and 11 Vicar Road (Lot 87). There are three properties which have been withdrawn, they include: 58 Conwy Drive (Lot 15); 128 Sheil Road (Lot 41) and 66 Glamis Road (Lot 90).
Amongst the properties up for grabs is a four storey Grade II listed Georgian Town House on Pilgrim Street in the Georgian Quarter. The city centre student investment is currently let by way of an assured shorthold tenancy at a passing rent of £31,500 per annum. It comprises 6 bedrooms and has been tastefully refurbished over recent years. The property is situated on the junction of Pilgrim Street and Mount Street and is in close proximity to the Liverpool Institute of Performing Arts, the Anglican Cathedral, and the Philamonic Hall. It will be offered as the final lot of the day and is guided at £295,000+.
Another Grade II listed detached building attracting a good level of interest is 16 Acrefield Road located in the heart of Woolton Village. The vacant residential cottage benefits from a large rear garden and is suitable for occupation or investment following some refurbishment and modernisation works. Similar properties on the same road which have been refurbished have sold through traditional estate agency methods for £180,000. This property is guided at £100,000+ and will be offered as lot 19.
Sutton Kersh's February auction was the best in Merseyside since September 2009. Recent statistics regarding the UK auction market published by Essential Information Group painted a positive picture for the national auction market with the overall sale rate of 72.7% up by 5% on February 2011, the total realised up by 12% to £400 million, and nearly 4,000 lots offered – the largest volumes witnessed in the month of February since 2008.
Cathy Holt, auction manageress at Sutton Kersh commented, “ We have seen strong improvements in both the supply and demand of auction property over the last six months. This year in particular has started incredibly well. High levels of viewings converted into high levels of sales at our February auction. Viewing figures have been high for our April auction and we are hoping for a similar outcome. Whilst interest rates remain at historically low levels, and with the recent news of inflation falling to 3.4% property is a good a investment at this time for those who can afford it. Guide prices start at nil reserve in our current catalogue demonstrating the incredible deals that are available at auction.”