Allsop raised more than £78m at its November residential auction – its largest sale since February 2018.
With more than 500 lots on offer, the auction was held over three days and resulted in a success rate of 84%. Some 13 lots sold for more than £1m.
The success of the residential sale, alongside the firm’s commercial auction on 31 October, means the auction house raised more than £135m through the sale of 354 residential, commercial and mixed-use lots in the space of 10 days.
Richard Adamson, partner and residential auctioneer at Allsop, said: “Once again, we’re seeing the volume of supply and demand for income-generating and value-add opportunities, reflecting an eagerness within the market for well-priced stock.”
Residential auction highlights include:
- Lot 14: Willesden, north-west London – freehold terrace building with three flats vacant, sold for £1.34m
- Lot 16: Forest Gate, south-east London – freehold mid-terrace house, sold for £483,500
- Lot 25: Kentish Town, north-west London – two freehold buildings, internally arranged to provide 15 studio flats, sold for £2m
- Lot 41: South Kensington, west London – share of freehold contained first floor flat, sold for £715,00
- Lot 96: Hampstead, north-west London – freehold semi- detached building, internally arranged as nine self contained flats, sold for £1.45m
Allsop’s next residential auction will take place via live stream on 14 December 2023.
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