Sutton Kersh generates £8.2m at first 2023 auction

Property firm Sutton Kersh generates £8.2m from first Liverpool property auction of 2023 watched by hundreds of people across the UK. Tony McDonough reports

Sutton Kersh
One of the properties on offer at the first Sutton Kersh auction of 2023


Sutton Kersh generated £8.2m in receipts from its first Liverpool property auction of 2023 – with £5m prior to the live online event.

Hundreds of people from across the UK logged on to watch the auction. The £5.2m figure could go higher due to post-auction sales. In 2022 Sutton Kersh generated a total of £58m in sales.

Available lots in the latest event included more than 40 residential properties, more than 60 vacant residential and a mixture of land and commercial properties.

Cathy Holt, associate director at Sutton Kersh Auctions, said “The demand for residential lots is still high. Once again auctions are proving a popular way for first-time buyers to climb onto the property ladder.

“I believe this is because the total cost of a property and refurbishment could be lower than getting a mortgage to cover a house that is move-in-ready.”

First Lot to go under the hammer was a three-bedroom vacant residential house in south Liverpool. This property needed modernisation and refurbishment works but sold for £156,000, £36,000 over its guide price of £120,000.

A three-bedroom mid-town house in Bootle, which is in good condition throughout, sold for £114,000 which was £34,000 above its guide price. It is currently let by way of an assured shorthold tenancy producing a rental income of £9,000 per year.

Lot 52 on Emery Street in Walton also gained significant interest on the day which resulted in it selling for £78,000. 

Another three bed mid-terraced property, located in Tuebrook, prompted a strong bidding war between interested buyers. This lot was in need of a full upgrade and refurbishment and had a guide of £60,000 but sold for £99,500.

Next Sutton Kersh auction will take place on April 5.

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