Liverpool property firm Sutton Kersh raises more than £13m at latest auction, taking the total for the year past £28m. Tony McDonough reports
Sutton Kersh sold more than £13m worth of properties at its third Liverpool property auction of the year.
Offering 147 lots, Sutton Kersh generated £4.3m in receipts prior to the event itself. It was the firm’s biggest auction for more than two years and it takes total receipts for the year past £28m.
Star lot was a four-bedroom coastal home in North Wales which sold for more than £1m.
There were, according to Sutton Kersh, a number of bidding wars during the auction, which once again took place online. A three-storey multiple occupation property in Gainsborough Road in Wavertree sold for £352,000, well above its £225,000 guide price.
Another Wavertree residential lot was offered with a guide price of £165,000 and eventually sold for £255,000. And a Grade II-listed four-bedroom house in Allerton Road sold for £306,000.
Cathy Holt, associate director at Sutton Kersh Auctions, said: “It really is a buyers’ market at the moment. People are enjoying the opportunity to pick and choose what they want.
“We knew the auction would go well due to the amount of sales prior and also the number of bidders registered. But I certainly didn’t expect to generate more than £13m in sales. I am extremely pleased and so are our vendors.”
The next Sutton Kersh auction will be taking place in the summer on July 13.