Houses in north and east London proved particularly popular at Savills’ latest auction, where 73% of all lots were sold.
The sale saw 131 out of 181 lots snapped up, raising £40.8m – up from £30.4m in July but down from last September’s unusually large £70.8m sale.
A freehold terraced house in Edmonton, N9, sold for £349,000 off a £250,000 guide.
A freehold four-bedroom mid-terrace house in Manor Park, E12, with garden, sold for £381,000 off a £250,000 guide.
Three lots in Tottenham, N17, sold well, with a combined price of £779,000. They included a freehold mid-terrace house with three bedrooms, which sold for £415,000.
Other lots were a first-floor studio flat let for £10,400 pa with 98 years left on the lease, which sold for £103,000, and a leasehold three-bedroom first-floor flat with 80 years remaining, which sold for £261,000.
Auctioneer Chris Coleman Smith said: “A lot of good London houses went well.”
He added that the economic climate had made it more difficult to ensure that lots sold at the best possible price, but said it had not affected the outcome.
Some development sites also fared well, including a cleared corner site of around 0.3 acres in Camberley, Surrey, which sold for £480,000 off a £200,000 guide.
A freehold paint your own pottery shop in Battersea, SW11, with a basement, ground floor and flat above sold at its £285,000 guide price – a 5.7% yield.
The sale took place on 19 September at the London Marriott hotel, W1.
