You are using an older browser version. Please use a supported version for the best MSN experience.

Merseyside street where two homes just sold for four times the asking price

Liverpool Echo logo Liverpool Echo 22/07/2021 Rebecca Koncienzcy

Much has been written about the Wirral property boom since Wallasey was named a property hotspot in April of this year.

Reports of homes going up for sale and selling within days have been common and some homeowners said they had even been approached to see if they wanted to sell.

With the market that hot, we joined an auction by Bond Wolfe to see what two properties in Birkenhead would sell for.

READ MORE: Dad who thought he had sat on a golf ball told he could die

Numbers 58 and 60 on Old Bidston Road in Birkenhead are both two beds semi-detached that had guide prices of £10,000 each.

Auctioneer Christopher Ironmonger took the helm for part of the marathon day that started at 8.30am - it was then non-stop all through lunch and into the evening until all 247 lots were sold.

We saw Birminghan Council sell up ground rents, homes up and down the country selling for more than three times their guide prices and some local homes going under the hammer.

There were moments where the auctioneers coxed a little more from bidders just like they do on Homes Under the Hammer and it was tense when some added a bid seconds before the gavel came down.

a large brick building: 58 and 60 Old Bidston Road in Birkenhead up at auction for £10,000 each © Bond Wolfe 58 and 60 Old Bidston Road in Birkenhead up at auction for £10,000 each

Lot 174 finally came up just after 6pm with Mr Ironmonger describing the first Bidston Road house as "a good little project".

He started the bids at £10,000 going up in amounts of £5,000 and it was an quick start with the auctioneer adding: "a little bit of work and it will be good as new."

It went to a bid of £30,000 on the phone then Mr Ironmonger started taking bids in £1,000s.

A bidding war broke out between an interested party on the phone and one online as they went back and forth until it reached £43,000 on the phone and was sold - which is well below the average house prices in Birkenhead (currently around £129,000 according to Rightmove), but four times more than the guide price.

Next up was number 58's twin next door, number 60.

Again bidding was started at £10,000 going up in £5,000s, which Mr Ironmonger described as "needing a little bit of TLC".

It went up to a bid of £35,000 online when the decision was made to take bids of £1,000 - it went back and forth and looked like it was going to sell at £40,000 when a new bid came in at the last second.

It eventually sold for exactly the same price as its neighbour - £43,000.

Other local lots included a three-bed, end-terraced house at 9 Cromdale Grove in St Helens, which had a guide price of just £15,000+.

The property is currently boarded up and needs some work, but it comes with central heating and double glazing inside, front and back gardens and parking for residents outside - it sold for £68,000.

Also in St Helens, and needing renovation, is a two-bed end-terraced house with front and back gardens at 32 Waterdale Crescent, which had a guide price of £20,000+ and sold for £59,000.

Over in Bootle there was a four-bed mid-terraced property in need of refurbishment at 72 Hawthorne Road, with a guide price of £20,000+.

It has two rooms that were previously used as a hairdressers downstairs, two bedrooms and a bathroom on the first floor and another two bedrooms on the second floor - it sold for £58,000.

Meanwhile, a two-bed, mid-terraced house with a front garden and rear yard at 38 Percy Street in Bootle and a guide price of £20,000+ was also up for auction and sold for £53,000.

the roof of a building: 38 Percy Street in Bootle has a guide price of £20,000+. © Bond Wolfe 38 Percy Street in Bootle has a guide price of £20,000+.

More details are at www.bondwolfe.com/property-auctions-west-midlands/, or email auctions@bondwolfe.com, or call 0121 312 1212 or 01902 928 510.

Receive ECHO newsletters with the latest news, sport and what's on updates by signing up here

AdChoices
AdChoices

More from Liverpool Echo

Liverpool Echo
Liverpool Echo
image beaconimage beaconimage beacon