Liverpool property firm Sutton Kersh raises more than £13m at latest auction, taking the total for the year past £28m. Tony McDonough reports
Sutton Kersh sold more than £13m worth of properties at its third Liverpool property auction of the year.
Offering 147 lots, Sutton Kersh generated £4.3m in receipts prior to the event itself. It was the firm’s biggest auction for more than two years and it takes total receipts for the year past £28m.
Star lot was a four-bedroom coastal home in North Wales which sold for more than £1m.
There were, according to Sutton Kersh, a number of bidding wars during the auction, which once again took place online. A three-storey multiple occupation property in Gainsborough Road in Wavertree sold for £352,000, well above its £225,000 guide price.
Another Wavertree residential lot was offered with a guide price of £165,000 and eventually sold for £255,000. And a Grade II-listed four-bedroom house in Allerton Road sold for £306,000.
Cathy Holt, associate director at Sutton Kersh Auctions, said: “It really is a buyers’ market at the moment. People are enjoying the opportunity to pick and choose what they want.
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“We knew the auction would go well due to the amount of sales prior and also the number of bidders registered. But I certainly didn’t expect to generate more than £13m in sales. I am extremely pleased and so are our vendors.”
The next Sutton Kersh auction will be taking place in the summer on July 13.