A 19th century former church was the star lot at the latest Sutton Kersh Liverpool property auction prompting a fierce bidding war as the firm’s sales hit almost £70m for 2021. Tony McDonough reports
An intense bidding war saw a 19th century former church sell for £330,000 above its guide price at the latest Sutton Kersh Liverpool property auction.
More than 450 logged on for the firm’s penultimate auction of 2021. £8.2m worth of property was sold with £1.4m of the total selling prior to the event. It takes Sutton’s Kersh’s total receipts for the year to almost £70m.
Associate director Cathy Holt said the auction echoed the trends of the national property market with residential investment properties receiving multiple offers and bids both prior to the event and on the day itself.
Lot 1 was the former church. Located in Bolton, the three-storey detached property has been converted to provide 16 self-contained flats, together with a manager’s office, ancillary staff facilities and communal areas.
An area of vacant land at the junction of Warbreck Moor and Hall Lane in Aintree also saw competitive bidding. It had a guide price of £100,000 but sold for £181,000. There were a further eight lots that had a guide price of under £40,000 and all sold for above that price.
A three- bed mid-terraced property also attracted a number of bidders and sold for £63,000 above its guide price. The other seven properties were a mixture of apartments and mid-terraced homes.
Another property in Bootle also saw strong interest. This was a three-bed double-fronted detached house on Breeze Hill in need of a full upgrade and refurbishment, which had a guide of £90,000 and sold for £134,000.
Ms Holt said: “I am delighted with the results for our vendors. We achieved more than £880,000 in total above reserve for our clients. The property market is still buoyant and an attractive investment for many.
“Auction lots in areas where properties have a high yield once again performed really well at auction and are still proving popular with investors and owner occupiers.”
Sutton Kersh’s final auction of the year will be taking place on December 9.