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TODAY'S OTHER NEWS

It was standing room only at Liverpool’s latest property auction

There were 158 lots on offer at the Crowne Plaza Hotel in Liverpool city centre last week, with 80% of the properties on offer selling under the hammer, which as a percentage is above the national trend of around 75%.

The sale, which took place last Wednesday, raised just over £9.5m, supported by £3m worth of property sales prior to the auction.

Among the auction highlights was an unmodenised two-bedroom house in Allerton, L3, which sold for £86,000, but the house could very well command a resale value of around £130,000 once the house has been refurbished.

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Elsewhere, a two-bedroom end of terrace house on Whittier Street, L8, also offers potential to add significant value following repair and modernisation, a three-storey mid-terraced property comprising of a ground floor retail unit together with six rooms above would be suitable for a number of uses, subject to any relevant planning consents, while a two-bedroom terrace property on Stockbridge Street would provide a high rental yield of 10%-plus.

Sutton Kersh associate director Cathy Holt said: “This was a mega auction! We had a massive 158 lots for sale and sold 80% of those.

“We sold 20 properties prior to the auction which raised £3m before the day - helping to raise an auction of £9.5m.

“We had a standing room all day and over 50 phone bidders!”

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