Savills achieved its highest success rate so far this year, 89%, just three days after the shock election result that saw a decisive Conservative victory.
The firm raised £40.8m – selling 134 of 152 lots offered.
This compares with an 86% success rate at its March auction, and an 87% rate in February.
Auctioneer Chris Coleman-Smith (pictured) said that a change in parliament could have been a concern among landlords, who were reassured by the clear outcome.
“With no change in government, people know the market and how it works. It took the element of uncertainty away. The percentage shows that this was a very strong sale,” he said.
London residential lots fared well, with a freehold terraced property in Kennington, SE11, selling for £1.4m. Offered on behalf of a private individual, the property is arranged as four flats over three floors, and has potential for reconfiguration or development. It was bought by a private company.
A double-fronted residential development opportunity in Tooting, SW17, was also snapped up by a private company. The property has permission for conversion into three flats, and sold for £1.2m.
Competitive bidding from developers saw a 0.06-acre plot of vacant land sell for £163,000 off a £45,000 guide. The land, in Croydon, south London, had been owned by a private individual for more than 20 years, and has development potential.
The auction took place at the London Marriott, W1, on 11 May.
