AN online auction featuring Wirral properties had 'a strong sale' with more than half of the lots sold, according to its organisers.
The Smith & Sons event on September 25 had 26 Wirral properties go under the hammer, including vacant commercial and residential lots across as well as development land, lock up garages and 'high yielding' investment properties.
Commercial properties benefitting from additional residential space proved to be extremely popular, securing figures far beyond the guides, with residential investment of flats, terraced and semi-detached properties, all requiring upgrades and modernisation, attracting strong bidding.
Chris Johnson, auctioneer at Smith and Sons, said: “This was a really lively auction that attracted a broad cross section of buyers.
"Commercial property as a long term investment is gathering momentum, offering more attractive tax incentives and benefits. Interest in residential property is now returning as higher taxation may be countered by lower sale prices.
"This auction also saw a number of first time buyers looking to get onto the property ladder, securing terraced homes and flats, largely in Wirral.
"We are experiencing more movement in the wider market.
"External factors such as a change in Government, inflation etc will inevitably impact the market, however, as we begin to see things settle, we believe this upward trajectory will continue and are already discussing properties to be including in our December auction.”
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