COMPETITIVE BIDDING AT LATEST SMITH AND SONS PROPERTY AUCTION SALE

The latest Smith and Sons online auction saw aggressive bidding for a number of lots, with several prices reaching way above the guide prices.

20 lots were offered on the day with 50% sold and a final sales figure close to £1 million.

Stand out lots included a terraced property in Claughton requiring modernisation that achieved a sale of £131,250 against a guide of £70-80,000 and an end terraced house in Wallasey which sold for £87,500 against a guide of £60-70,000.

A double fronted bungalow in a large plot in Moreton which had been vacant for many years sold for £185,500 against a guide of £130-150,000.

Chris Johnson, Auctioneer at Smith and Sons commented: “The auction process is the perfect way to achieve a fast and transparent sale whilst ensuring that best prices are obtained.

“This was an interesting auction that saw fierce bidding a for a number of properties with one lot achieving almost double the guide. Auctions are usually a strong barometer for the wider property market and this auction is no exception. Despite some slowing down and uncertainty in the economy, this auction has shown that there is still strong demand for properties realistically priced, particularly those requiring refurbishment.”

We are now taking entries for our July sale and already have some interesting lots which will undoubtedly attract attention.

For a free appraisal or to talk to us about the benefits of selling by auction, contact our Auction Manager Annette Shelley at aas@smithandsons.net “