tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 87 ( Guide Price: 90 Plus ) Vendor: Sutton Kersh Auctions Address: 413-415 Cherry Lane, Liverpool, Merseyside, L4 The description from the Sutton Kersh Auctions website is: Freehold Corner Building Arranged As Two Adjoining Shop 564 Square Feet & Ancillary Office 1st Floor Self-Contained Flat 4 Room(s) Arranged As Office Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: No Bids Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 89 ( Guide Price: 20 Plus ) Vendor: Sutton Kersh Auctions Address: 1A City Road, Liverpool, Merseyside, L4 The description from the Sutton Kersh Auctions website is: Freehold Detached Warehouse Two Floor 1961 Square Feet Yards 3767 Square Feet Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: No Bids Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 92 ( Guide Price: 60 Plus ) Vendor: Sutton Kersh Auctions Address: 18A West Derby Village, Liverpool, Merseyside, L12 The description from the Sutton Kersh Auctions website is: Freehold Single Storey Shop 535 Square Feet Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £50,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 94 ( Guide Price: 115 Plus ) Vendor: Sutton Kersh Auctions Address: 493 Leasowe Road, Wirral, Merseyside, CH46 The description from the Sutton Kersh Auctions website is: Freehold Semi-Detached House Two Floor 5 Room(s) Garden Parking Space Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: £60,000 on 07/09/2001 Auction Result: Sold ( Highest Bid was: £110,500 ) Today's auction price results in a Profit of £50,500 ( 84.2% ) since purchase on 07/09/2001. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 95 ( Guide Price: 55 Plus ) Vendor: Sutton Kersh Auctions Address: 58 Halsbury Road, Liverpool, Merseyside, L6 The description from the Sutton Kersh Auctions website is: Freehold Terrace House Two Floor 4 Room(s) Yards Unmodernised Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £50,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 Lot 98 ( Guide Price: 60 Plus ) Vendor: Sutton Kersh Auctions Address: Rainbow Day Nursery, Eaton Street, Prescot, Merseyside, L34 The description from the Sutton Kersh Auctions website is: Freehold Single Storey Leisure Building 2354 Square Feet Site 3316 Square Feet Vacant © Sutton Kersh Auctions Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: No Bids Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 23, 2008 Author Share Posted October 23, 2008 (edited) Looks like we are back to 2004 prices Nothing has really made any profit, that was purchased in 2005 or later Still a way to go to 2001/2002 prices See this link Edited October 23, 2008 by tommyboy Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted October 23, 2008 Share Posted October 23, 2008 roughly 66% of lots didn't sell? 34% success rate? Quote Link to comment Share on other sites More sharing options...
hilltop Posted October 23, 2008 Share Posted October 23, 2008 Thanks Tommyboy. Confusing results against the weak sales at Venmores last week. Could be the student rental market holding it up. Lot 81, two bed flat sold originally for£155,000, top bid (if real) £45,000. Now that is what HPCers want to see! Quote Link to comment Share on other sites More sharing options...
John51 Posted October 23, 2008 Share Posted October 23, 2008 What year are we back to in real terms? A 2004 quid bought more than a quid does now. Quote Link to comment Share on other sites More sharing options...
Captain Coma Posted October 23, 2008 Share Posted October 23, 2008 Haven't posted on your "Classic Auctions" series before, tommyboy, but just like to say many thanks for your magnificent efforts - seriously, there should be a large EU grant for the service you're providing. I must say the properties up today on this auction and the other were almost all perfectly grotty, and I speak as one who is familar with two-up-two-downs (parents lived in one in their retirement, in Walsall - spent all their earnings bringing up us kids! - bought for £39K mid-eighties and sold for £105K in 2006 to buy a lovely bungalow by the sea in Lincolnshire for £125K, paradise by comparison). The 25-30K offered and rejected for these types of property still seem over-generous to my mind. The housing stock of this country is bloody awful a lot of the time, ain't it? Anyhow, many thanks again and keep up the good work. My prediction? Back to 1995 prices before long on much of the stock. We haven't even begun yet. Ahoy hoy! Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted October 23, 2008 Share Posted October 23, 2008 Amazingly high prices achieved IMO. Brave BTL pros if they're hoping to get rent out of Scousers in a depression..... I guess they don't believe the deflationists, that's for sure. Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted October 23, 2008 Share Posted October 23, 2008 Can anyone who knows the area shed light on the claimed rental incomes I highlighted below....just doesn't seem to make sense! Thanks as ever Tommy. There is something very odd going on with just about the only few that have sold at a large profit Lot 2 - claims rental income of £11,200 per annum - sold £70K, last sold £22,500 Lot 29 claims rental income of £14,025 per annum - sold £91k, guide price £60k Lot 32 - claims rental income of £11,200 per annum - sold £86,500. last sold £36,595 Yet, if you look on Rightmove for rentals in this area, Liverpool, Kensington L7. the average seems to be about £500 per months for the equivalent, giving a rental per annum, allowing one month's void of about £5,500 So at the moment it looks like an amazing rental yield.......but.....how? I wonder if these are rented out using dodgy local housing allowance calculations?? (If people remember, there was a thing in the papers the other week about the landlord getting £12k per month from a family on benefits for a rental in Ealing as the computer allowed this, even though the real rent for the area should have been about a quarter of this, local housing allowance has created broad areas that do not reflect reality of the actual lettings market). Quote Link to comment Share on other sites More sharing options...
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