80% SALES AT SMITH AND SONS SUMMER AUCTION
Smith and Sons summer auction had a success rate of 80% of lots sold, realising a value of over £2million.
Held at the Village Hotel in Bromborough, the Wirral auctioneers offered 25 quality lots to a packed room resulting in fierce bidding with several lots achieving prices significantly above the guide.
Lot of the day was a delightful sandstone cottage in Heswall. Guided at £180,000, the property eventually sold for £310,000, whilst a large property in St James Road, Birkenhead sold for £122,000 against the guide price of £40,000 - £50,000.
A modern development of five apartments in New Brighton close to the promenade sold for £605,000 and a semi-detached home in Rock Ferry sold for £72,000 against a guide of £40,000-£50,000.
Chris Johnson, Auctioneer at Smith and Sons, commented “This was great sale producing a fantastic result. The room was particularly competitive with parties bidding feverishly for specific lots and pushing values far above the guide.
“The room was made up of a diverse mix from investors and developers to builders and first time buyers. All of the lots provided good potential for profit and high yields set at realistic guides, which were reflected in the final result.”
Smith and Sons next auction is to be held on 18th September with a closing date for entries of 16th August. For further details or to request a free appraisal please contact Annette Shelly or Hollie Llewellyn on 0151 647 9272 or email email@example.com