Smith and Sons DECEMBER 2017 AUCTION RESULTS

Smith and Sons DECEMBER 2017 AUCTION RESULTS

Smith and Sons last auction of 2017 proved to be one of the most successful for several years achieving a success rate of 87% and raising approximately £1.7 million.

A full room created a lively atmosphere and bidding was brisk with several prices achieved in excess of the guides.

Houses for refurbishment once again proved popular with a property in Wavertree selling for £100,000 against a guide of £65,000 and a flat overlooking the Dee Estuary in Neston sold for £76,000 against a guide of £59,000.

A delightful three bedroomed cottage in Frankby sold immediately post-auction being guided at £320,000 and a potential development site currently occupied for offices and car showroom in Wallasey Town Centre achieved a price of £240,000.

These results demonstrate that sale by auction often achieves higher prices than obtained by private treaty within a given timescale and properties with unusual features attract interest in the auction room.

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