Latest Sutton Kersh sale nudges £4m

Sutton Kersh sold 70% of the lots offered at its latest Merseyside property auction, generating proceeds of over £3.7m.

The performance in the room was supplemented by a large number of lots which sold prior and, with strong post sale interest in unsold stock, the final figure could exceed £4m.

Highlights included a pair of vacant three-storey mid-terrace properties in Chester, comprising retail, commercial and residential space. Guided at £100,000 to £125,000, competitive bidding saw the lot achieve £189,000.

The first lot of the day, a three-bed extended semi-detached house on Blackmoor Drive in Liverpool L12 which was guided at £110,000, and was sold for £140,000.

Bidding wars were a feature of the sale, typified by a three-bed mid-terrace on Hampden Grove in Birkenhead which achieved £64,000 off a guide of £40,000.

A vacant three-bed semi-detached house in Ormskirk sold for £122,000. Melbourne on Burscough Road enjoys views over open countryside and following refurbishment will offer occupation, investment or resale opportunities. The guide price was £100,000 to £110,000.

Sutton Kersh is now inviting instructions for its next sale which takes place on 11 September. The catalogue closes on 15 August.

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