The latest Sutton Kersh auction generated proceeds of more than £5.5 million, as a number of residential lots exceeded their guide prices.

A vacant three-storey, five-bedroom end of terrace property in Aigburth proved to be among the highlights of the 68 properties which were sold, as it attracted £146,500 having been guided at £100,000 plus.

The auctioneer sold 80% of its lots including 17 properties being sold prior to the event, which took place at the Titanic Hotel on Stanley Dock.

Cathy Holt, joint head of auctions at Sutton Kersh, says: “Not only did investors turn out in large numbers, they were intent on bidding seriously for the majority of lots in order to make sure they were successful. This meant a large number were the subject of bidding wars which also helped drive prices up.”

Other high achieving sales included a residential investment property on Island Road in Garston producing a rental income of £37,000 per annum, which sold for £300,000 despite having a guide of £275,000 plus.

Elsewhere, a three-storey Sefton Park property arranged as five bedsits and three self-contained flats, was sold for £195,000 having been guided at £175,000 plus. The site could generate an annual income of £22,000.

Sutton Kersh’s next auction will take place on 16 July at the city centre’s Mariott Hotel, and the catalogue closes for entries on 19 June.

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