Sutton Kersh held its penultimate auction of the year yesterday (22 October), selling 90 properties and generating sales worth over £9 million.

The team sold just over £4.2m worth of property prior to auction and a further £5m on the day. The value of sales for the 40 properties that were sold prior was a record for the team.

The auction itself had over 350 people registered to bid and was again watched by hundreds of people throughout the country. Terraced properties in Liverpool were in high demand, with the majority selling for over their guide price.

Bidding was strong from the start with Lot 1, a two-bed mid terrace in Widnes, selling for £34k over the guide price of £45k.

Lot 26, located on Muriel Street in L4 (pictured), drew plenty of attention despite requiring a full upgrade – finally selling for £41k over the guide price.

Meanwhile, Lot 63 on Grantham Street in Liverpool had a guide of just £40k and sold for £74k. This was an ideal buy for anyone looking for an investment property which would also be suitable for rental.

A rental investment property which generated a lot of interest was Lot 39 in L30, with a guide price of just £50k, it eventually sold for £23.5k over the guide. Another investment property in Liverpool, a mixed-use three-storey development on Smithdown Road, sold for £35k over the guide price.

Highlights outside of Liverpool included an apartment in London which sold for £260k, a cottage in Connah’s Quay which was bought for just under £100k and a one-bedroom apartment in Sheffield which proved very popular, resulting in it selling for £41k over the guide price.

Cathy Holt, associate director, says: “Our results show that residential properties which are suitable for investment purposes are highly desired and vendors are receiving above their asking price as a result of this increase in demand.

“I am also delighted that through this pandemic we have still produced such high results and yesterday’s auction brings our total value of sales so far this year to over £47m and 464 lots sold.”

Sutton Kersh will be holding its last auction of 2020 on 10 December and is currently taking instructions.

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