Sutton Kersh

Property auction raises £7.8m




Sutton Kersh has raised £7.8m at its first property auction of the year, with more than 100 lots sold – 80% of the catalogue.

The Merseyside-based property auction house was joined by the Homes Under the Hammer television show, which filmed the day’s events.

Cathy Holt, associate director of Sutton Kersh (pictured above), said that February was always a good auction, but the turnout was even better than expected.

“Many properties went for prices much higher than their guide price, and there were sales across the UK, not just Merseyside.

“We are clearly getting interest from further afield now we cover a wider area, including cities like Manchester and Birmingham.”

One of the properties – a two-bed, mid-terrace property in Holmes Street, Liverpool 8 – sold for more than double its guide price.


It had an initial reserve of £20,000, but eventually sold for £41,500.

“The fact that it doubled its guide price was unexpected, but shows that Liverpool is becoming a hotspot,” added Cathy.

The auction also saw a three-bedroom end townhouse in Trawden Way, Litherland, sell for £67,000, and a six-bedroom property in The Close, Walton – which needed a complete refurbishment – go for £109,000.

Cathy added: “Last year was our best year with a total sales figure close to £50m, but it looks like this year could top that.

“I would like to think that such a good auction at the start of the year is a sign of another very good year to come, which is very exciting.”

Sutton Kersh will hold its next auction on 28th March at the Crowne Plaza, Liverpool city centre.

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