Sutton Kersh’s first sale of year achieves £2.4m

Liverpool auctioneer Sutton Kersh sold 35 of the 60 properties at its opening sale of the year on 17 February.

Of the sales, 14 completed before the day of the auction, held at the Marriott Hotel. The total revenue from the sale stands at £2.4m, with more sales in discussion, Sutton Kersh said.

Among the lots changing hands, two vacant residential properties suitable for flat conversion, 8 Craven Road, West Derby, and 17 Greenheys Road near Princes Park sold for more than the asking price.

Number 8 Craven Road was guided at £100,000 and sold for £143,000, and 17 Greenheys Road sold for £197,000, off a guide price of £140,000.

Cathy Holt, auction manager at Sutton Kersh, said: "It was a very busy room and competition amongst bidders was high. There were a number of first time investors in the room looking for good deals that would generate better returns on their money than the banks are. The result and the atmosphere in the room are a good indication that things are picking up but I also think that this reflects the amount of high quality cheap stock that is available at the moment."

Sutton Kersh's next auction will take place on 5 April with the catalogue due to close on the 10 March.

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