SMITH AND SONS ACHIEVE 75% SALE AT LATEST PROPERTY AUCTION

Smith and Sons has announced another successful property auction, with 75% of the catalogue sold, reinforcing the continued strength of the auction market and sustained demand from investors, developers and owner-occupiers.

Several properties attracted competitive bidding and exceeded their guide prices, demonstrating the benefits of selling by auction. 

Among the standout results was land at Backford Road, Irby, which sold for £120,250 against a guide price of £70,000–£80,000, achieving more than 50% above the guide price following strong competition between bidders. 393 Upton Road, Prenton, a mixed-use commercial investment, sold for £141,500, comfortably exceeding its guide price of £110,000–£125,000, while the land and garages between 144 and 146 Irby Road, Irby sold for £60,250, above its £50,000–£60,000 guide range.

These results reflect continued confidence in the auction market, particularly for well-presented residential investments, commercial opportunities and development sites, with realistic guide prices attracting competitive bidding and delivering strong outcomes for vendors.

Commenting on the results, Annette Shelley at Smith and Sons said: "We are delighted with the outcome of our latest auction. The level of interest and competitive bidding we experienced demonstrates that buyers remain active and that auction continues to provide sellers with a transparent, effective and time-certain route to achieving a sale. Properties with realistic guide prices continue to generate excellent levels of interest and, in many cases, exceed expectations."

Smith and Sons is now inviting entries for its September Property Auction. Whether you are selling a residential property, commercial premises, investment opportunity or development land, auction can offer a fast and effective route to market, backed by extensive marketing and a fixed timetable for completion.