Buyer Demand Remains Strong at Property Auctions
Property auctions continue to attract motivated buyers from across the UK, and the latest results from Smith & Sons are a great example of the market's ongoing strength. From investment opportunities to properties with development potential, bidders remained active throughout the May auction, helping to deliver some impressive results. For anyone considering buying or selling at auction, these latest figures provide a positive snapshot of the demand that continues to drive the sector forward.
Wirral-based property consultants Smith and Sons has announced solid results from its latest online property auction, with over 60% of properties sold.
The online auction attracted interest from investors, developers and owner-occupiers across the region, with a range of residential, commercial and land opportunities included within the catalogue. Three properties where sold post auction, with interest remaining following auction completion, where sales can still be secured.
Among the standout sales was 24 Ashburton Road, Prenton, which achieved a sale of £415,000, while 3 Woodstock Road, Wallasey, sold for £99,500 against a guide price of £50,000 - £60,000 following strong bidding activity. Other successful lots included 25 Cecil Road, New Ferry, which sold for £91,000, and Penrhyn Avenue, Thingwall, which realised £124,000 against a guide of £95,000 - £110,000.
The catalogue featured a broad mix of vacant residential properties, investment opportunities, commercial premises and development land throughout Wirral, Liverpool and surrounding areas.
Annette Shelley of Smith and Sons said: “We are pleased with the results achieved in our latest auction, which once again demonstrates continued demand for well-priced property opportunities within Wirral and Merseyside. Competitive bidding on several lots highlights the strength of the market and ongoing confidence from buyers seeking investment, refurbishment and development prospects.”
Smith and Sons continues to hold bimonthly online property auctions across the year, providing sellers with access to a wide pool of national and international buyers.
If you are considering selling land or property in Merseyside, an auction could provide a fast and secure route to sale. If you would like to explore whether your property may be suitable for auction, you can request a free, no-obligation auction appraisal from a local auction specialist.