19 FEBRUARY AUCTION RESULTS
Smith and Sons first property auction of 2020 saw an extremely busy room reflecting a return of confidence to the property market and the availability of several interesting and realistically priced lots.
Properties for refurbishment once again attracted high demand. A bungalow in Thingwall requiring a full refurbishment programme sold for £172,000 against a guide price of £140,000 and two eight bedroomed properties in Wallasey both saw lively bidding with Martins Lane selling for £163,000 and Waterloo Road achieving £161,000 both against a guide price of £90,000.
Commercial investments in Greasby and Hoylake sold for well above the guide price with local and national investors anxious to acquire high yielding commercial properties.
A single potential building plot in Wallasey guided at £90,000 sold for £120,000 and a four bedroomed detached house in Bromborough in need of some general refurbishment sold for £242,000.
Chris Johnson auctioneer with Smith and Sons said “we were extremely encouraged to see a packed room well before the start of the sale and lively bidding throughout the afternoon on many of the 26 lots. We have raised over 2 million pounds with a success rate of 85%.
Smith and Sons are now taking entries for their May sale. Vendors with properties requiring refurbishment, development land or commercial and residential investments or merely wanting to receive details regarding the benefits of selling by auction are invited to ring Annette Shelley on 0151 647 9272 we will be happy to provide a free appraisal.