Property type: Modern two bed apartment in Prescot
reason for auction: Divorce
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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