Liverpool-based property auction house, Sutton Kersh Auctions, has reached the halfway point of its auction calendar having sold a total of 270 lots – equating to £38 million worth of sales.

Its latest auction featured a wide variety of properties including just under 20 properties which sold with guide prices of £50,000 or less. Also on offer were more than 30 residential investment properties and vacant land, in addition to 15 mixed-use and commercial properties.

Cathy Holt, associate director at Sutton Kersh Auctions, says: “Despite the recent election and uncertainty within the property industry, we were able to achieve sales in excess of £10.6 million in our summer auction.

“We also saw a record amount of pre-auction sales which reinforces the demand for properties that are reasonably priced.”

Selected lots from SK’s summer auction:

Lot 1, a two-bedroom house just off Smithdown Road, L8, was listed with a guide price of £45,000. The property would be suitable for investment purposes with a potential rental income of £7,000 per annum and sold for £73,000 on the day, 62% over the guide.

Lot 12 sold for £38,000 over its guide price. This four-bed semi-detached home in Aintree was in need of refurbishment but would make a great family home or investment opportunity for the buyer once the works were complete.

A two-bed doer-upper on Macdonald Street in the popular L15 area had a guide price of £45,000 and sold for £80,000, 78% above guide. Lot 48 on Anderson Road, which was another doer-upper in L15, had three bedrooms and a higher guide price of £85,000 but went on to sell for £125,000 – £40,000 over its guide price.

Lot 51, a mixed-use three-storey unit, currently comprising of a retail unit and self-contained flats, was listed with a guide of £125,000 and sold for £169,000 and once the works are completed has a potential rental income of £31,200.

A three-bed mid terraced house on Muirhead Avenue East, in need of a full upgrade and refurbishment, sold for £48,000 over its guide price of £70,000.

Outside of Liverpool, a detached cottage in the desirable area of Helston, Cornwall, listed at £395,000, sold for £559,000 after a chaotic bidding war which was watched by hundreds of registered bidders throughout the UK.

Sutton Kersh Auctions will hold its next auction on 12 September 2024.

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