Smith and Sons Wirral property auction raises more than £2m

Held at the Village Hotel in Bromborough, the Wirral auctioneers offered the 25 lots to a packed room resulting in ‘fierce bidding’

Smith and Sons
Sandstone cottage in Heswall that sold for £310,000 at Smith and Sons’ auction

 

Smith and Sons latest Wirral property auction saw more than 80% of the 25 lots being sold and generated receipts of more than £2m.

Held at the Village Hotel in Bromborough, the Wirral auctioneers offered the 25 lots to a packed room resulting in “fierce bidding”, with several lots achieving prices significantly above the guide.

Lot of the day was a sandstone cottage in Heswall. Guided at £180,000, the property eventually sold for £310,000, while a large property in St James Road, Birkenhead, sold for £122,000 against the guide price of £40,000 to £50,000.

A modern development of five apartments in New Brighton close to the promenade sold for £605,000 and a semi-detached home in Rock Ferry sold for £72,000 against a guide of £40,000-£50,000.

Chris Johnson, auctioneer at Smith and Sons, said: “This was great sale producing a fantastic result. The room was particularly competitive with parties bidding feverishly for specific lots and pushing values far above the guide.

“The room was made up of a diverse mix from investors and developers to builders and first time buyers. All of the lots provided good potential for profit and high yields set at realistic guides, which were reflected in the final result.”

Smith and Sons next auction is to be held on September 18 with a closing date for entries of August 16.

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