Property firm Sutton Kersh has sold more than 700 properties at seven Liverpool property auctions in 2021 raising more than £80m. Tony McDonough reports
Sutton Kersh says its property auction sales for the year have exceeded £80m after it its final event of 2021 yielded more than £8m.
The Liverpool property firm has held seven auctions in 2021, all of them held online due to the COVID-19 pandemic, and sold more than 700 properties. At the final event on December 9 there were 100 lots listed. 35 lots sold prior to the auction.
There were more than 30 residential investment lots, more than 40 vacant residential lots and a variety of commercial land and development opportunities. Associate director of Sutton Kersh Auctions, Cathy Holt, said it has been a “record year” for the firm.
“It has been a year like no other for us with these record high property sales at each of our auctions throughout the year,” she added. “There has been, and to be honest still is, very high demand for investment and residential properties.
“To sell more than 700 properties through seven auctions is a fantastic testament to our team. We have already started to take instructions for our February 2022 auction, which is a positive sign for us and the industry too.”
There were a number of popular properties at the December event. Lot 26, a two-bed mid-terraced property in Garston in south Liverpool in need of modernisation and refurbishment, sold for £118,00 which was £33,000 over guide price.
Another popular property was Lot 76 in L20, a detached two-storey freehold building (a former public house) with a plot of vacant land. This had a guide a price of £110,000 and sold for £181,000.
One lucky bidder got themselves a great buy with a recently refurbished first floor two-bed flat, again in the L20 area, which they won with their bid of £32,000.
A lot that gained particular interest from bidders throughout the country wasin Wallasey, a six-bed HMO investment opportunity which is fully let and currently producing over £30,000 per annum. It was listed with a guide price of £200,000 and sold for £256,500.
Sutton Kersh Auctions will be holding its first auction of 2022 on February 17 and it will be another live-streamed event.