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Liverpool Echo
Liverpool Echo
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Storm Newton

Building in 'disrepair' sells for almost £80k over guide price

A Wavertree building that has fallen into "disrepair" sold for almost £80,000 over its guide price when it went under the hammer.

Known as 'Lot 99' the three-storey building is located on the busy Lawrence Road, next to a number of shops.

The mixed-use property was in a state of "disrepair", according to Sutton Kersh Auctions, and was given a "low" guide price of £145,000 ahead of being presented to potential buyers.

However, after a "lengthy bidding war" the property eventually sold for a whopping £222,000.

READ MORE: We compared biscuit boxes from Marks and Spencer and Aldi and it was a close call

The interior of the Lawrence Road building is covered in graffiti (Sutton Kersh Auctions)

Sutton Kersh Auctions sold lots worth £6m at the latest event, bringing its total for the year to 510 properties worth a combined £58m.

Other highlights included Lot 59 in Bootle , a four-bedroom home which is a "blank canvas for someone to make a beautiful family home". It was listed for £100,000 and sold for £117,000.

In Speke , a three-bedroom house on Lovell Road which was in need of modernisation sold for £90,000, a massive £40,000 over its guide price, and on Sceptre Road in L11, a two-bed semi "in good condition" changed hands for £93,000, more than £20,000 over its listing price.

The three-bedroom home in Speke which sold for £90,000 (Sutton Kersh Auctions)

Associate director Cathy Holt said: "The last 12 months has been a bit of a roller coaster within the property industry; there have been some incredible months with exceptional sales figures, a vast number of new buyers registering with us and properties selling before we could even list them online due to the exceptional demand.

"The last few months, however, have seen much unrest and uncertainty for many, but results from our last two auctions show there is still a high demand for residential and investment properties. Buying through auction remains more financially appealing to many, particularly in the current moment."

The next Sutton Kersh auction will take place on February 16 2023.

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