SUTTON Kersh will hold its penultimate Liverpool property auction of the year on October 25, when 73 lots will go under the hammer.

The event will take place at 12 noon, at the Marriott Hotel, in the city centre’s Queen Square.

It will feature a mixed catalogue comprising vacant residential, buy-to-let, commercial, mixed-use, development and redevelopment investment opportunities.

Low-priced residential properties account for a high proportion of the catalogue, and the firm reports that pre-auction interest has been high.

The UK’s leading provider of auction data, the Essential Information Group, recently reported notable increases in the amounts raised in both the residential sector and commercial sector nationally when comparing the second quarter this year with the same period in 2010.

Residential sales are up by 10% to £492m, and commercial by 22% to £236m.

When compared year-on- year, residential sales have increased by 12%.

The opening lot of the day will be a vacant residential property in Croxteth.

The three-bedroom end town house, in Willow Way, is suitable for occupation or investment purposes and is guided at £35-£40,000.

Other notable lots include a three-storey commercial investment in County Road, Walton, that is guided at £85,000 and a two-bedroom terrace property in Randolph Street, Anfield, guided at £40-£50,000, which is currently generating a 10% yield.

Cathy Holt, auction manager at Sutton Kersh, said: “I am hopeful of a good auction with so many cheap residential deals up for grabs.”