Properties sold at auction by Liverpool firm Sutton Kersh generate £37m so far in 2022. Tony McDonough reports
Sutton Kersh has generated £7.2m in sales from its latest Liverpool property auction, taking total receipts for the year to £37m
Its event this week was its fourth of the year. More than 30% of the lots, worth a total of £3m, were sold prior to the auction. The rest of the sales came on the day during the live-streamed event.
First Lot of the day sold for £15,000 above its guide price of £45,000. This was an investment opportunity for a two-bed “doer-upper” on Nimrod Street in Walton. Lot 3 was a three-bed semi-detached residential investment property in Aintree and it sold for £101,000 – £30,000 above its guide price.
Cathy Holt, associate director at Sutton Kersh Auctions, said: “Properties are still attractive investments for many. We have seen a rise in first-time buyers who are looking for a project to be a home to make their own, which in most cases is cheaper for them too.”
The auction also featured some plots of land in addition to commercial, mixed use, investment and vacant residential properties. According to Cathy, bidding was “consistently strong” throughout the auction.
She added: “Despite buyers appearing to be a bit more cautious at the moment, a national trend, there certainly was still demand. This resulted in us selling 80% of the lots we offered.
“Liverpool is still a property hotspot for investors due to the universities, job opportunities and the tourism, leisure and hospitality industry, not to mention the nightlife.”
Sutton Kersh Auctions will be holding its next auction on September 8.