The latest property auction by Merseyside based auctioneers, Sutton Kersh, generated proceeds of more than £5.5m.

With over 80% of lots offered being sold, reflects the serious bidding by investors who attended the sale at Stanley Dock’s Titanic Hotel.

Cathy Holt, joint head of auctions at Sutton Kersh, said: “Not only did investors turn out in large numbers, they were intent on bidding seriously for the majority of lots in order to make sure they were successful.

“This meant a large number were the subject of bidding wars, which also helped drive prices up.

“The result means we have generated over £15m already this year for our clients.”

A vacant three-storey, five-bedroom end of terrace property in the Aigburth area was among the highlights, selling for £146,500, having been guided at £100,000-plus.

Meanwhile, a residential investment property on Island Road in Garston, producing rental income of £37,000 per annum, sold for £300,000. The guide was £275,000-plus.

The very first lot of the day, a three-storey property in Sefton Park, arranged as five bedsits and three self-contained flats, with potential to produce annual rental income of £22,000, achieved £195,000. It had been guided at £175,000-plus.

Elsewhere, a portfolio of four tenanted apartments at a popular development in Liverpool attracted four telephone bids and plenty of interest from the room.

Offered individually at guides of £80,000-plus, they each sold for between £85,000 and £94,000.