Liverpool firm hosts its first live streamed auction

26 May 2020 | General

Sutton Kersh sold 75% of listed properties at its first live streamed auction last Thursday 21st May.

The team had already sold over £2m worth of property prior to their live auction and sold a further £5m on the day, equating to a total of over £7m for their Spring auction.

Cathy Holt, auctions director at Sutton Kersh, said “Myself and the team are delighted with the success of our first live streamed auction, given the unprecedented times we have recently been facing.

“We are all still working remotely and it just shows the strength and expertise within our team.

“So far this year we have sold a total of 207 properties, with a sales value of £19.6m, and we aren’t even half way through the year yet!”

Andrew Binstock, the resident auctioneer, hosted the auction which had 300 bidders register and was watched online by hundreds throughout the country.

Lot 1 was Princes Building on Dale Street (pictured) in the heart of Liverpool’s business district. It was recently refurbished to provide 35 residential apartments, ground floor retail units and basement accommodation.

Prior to this, the building was used by musicians, such as The Zutons, for rehearsals. It sold for £916,000, £166,000 over the guide price.

A few highlights from the auction include 3 properties located on Gentwood Road in L36, which all sold for at least £20,000 over their guide price.

Also noted was that properties outside Merseyside proved popular, such as Lot 4, Hollins Road in Oldham, which sold for £33,000 over the guide price.

Strong bidding wars took place on residential properties in South Liverpool, such as Lots on Gateacre Vale Road in Woolton and Chelwood Avenue in Childwall, which resulted in them both selling for over their guide prices.

The Chelwood Avenue property only came to market with Sutton Kersh on Friday 15th May and as such sold within a week for £35,000 over the guide price.

Lot 75, a three storey mixed use investment property located on a corner of Smithdown Road sold for £455,000 which was £155,000 over the guide price.

The team ended on a high with the penultimate Lot, a 3 bed semi detached property in Hampshire, selling for £464,000.

Sutton Kersh will be holding their next auction on 16th July and are currently taking instructions for this.

This post has originally been featured in Property Wire.