Savills’ national auctions team has raised more than £325m in 2017, selling more than 1,000 properties.
The end of year figure is down slightly on the £340m raised last year, reflecting wider market uncertainty.
Chris Coleman-Smith, head of London and national auctions, said: “Despite a challenging political and economic landscape, the auctions market this year has proven to be relatively robust and has drawn in an increasingly diverse mix of both buyers and lots.
“We have had some terrific individual sales that have taken place this year.”
Savills’ final auction of the year raised £23.7m, after eight post auction sales pushed the success rate to 70%. Four properties were sold prior, and 79 in the room.
“Our December sale saw a cross-section of buyers and lots, taking in a regional spread. Around 60% of lots offered were located within the M25, of which around three-quarters were houses or flats,” said Coleman-Smith.
“Several owner-occupiers purchased a home, with properties requiring modernisation that are located close to the capital and in the south east proving ever popular.”
One property understood to have been sold to an owner-occupier was lot 108, a three-bedroom end of terrace house in Wimbledon, SW20, sold for £610,000.
Properties with potential for conversion to residential sold well, including lot 84, a language school in Canterbury, Kent.
Vendor Cambridge Education Group realised £500,000 for the 4,800 sq ft property, located close to the city centre.
Savills’ average success rate for the year is 76%. Its highest value sales this year have included:
■ A four-storey building with potential in Norwood, SE19 – sold in February for £4.3m
■ A Grade II listed former vicarage in Whitechapel, E1, with planning permission – sold in February for £2.02m
■ Golders Green Hippodrome, NW11 – sold in July for £5.25m
■ A parkland estate in Windsor of some 30.6 acres with planning permission – sold in July for £4.5m
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