Modern Two Bed Apartment In Prescot sold by Auction

Property type: Modern two bed apartment in Prescot

reason for auction: Divorce

Seller: Separation

Guide price: £40,000 – £50,000

Sold price: £62,000

History of This Auctioned Apartment in Prescot England

The young couple had only recently bought this Prescot apartment brand new. Divorce forced an early sale with both parties wanting to move back into their respective parents houses. They had tried to sell on the open market with local estate agents but could not find a buyer.

The builders were still building on the development and the lure of a brand new apartment with all the incentives a developer can throw in made their second hand apartment less attractive.

As neither party were paying the mortgage their respective parents advised sale by auction.

Due to Sell by Auction’s skill and experience in the sale of modern property to overseas investors, we were able to secure a sale above the debts they owed on the mortgage leaving the sellers with additional cash in their pockets.

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