Allsop raised c. €66.7m from the sale of 250 lots (representing a success rate of 82%) at its largest residential auction since September 2021.
The highest value lot sold under the hammer was a freehold detached former care home in Woking, Surrey. Other highlights include selling a freehold semi-detached building comprising nine self-contained flats in Finsbury Park, London.
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “We are delighted with another very strong result, the largest sale we have had for almost three years with a success rate well above the industry standard of 70%. This is a testament to the unrivalled experience of our team together with some very disciplined clients prepared to be led by the market. The easing of inflation and predication of interest rate cuts is starting to breath confidence back into the market even with a pending general election. There is clearly a strong demand for well-priced residential and mixed-use assets as investors chase income and value add opportunities. We are already taking instruction for our July sale, which we expect to be of high quality and with plenty of volume.”
Residential auction highlights include Draycott Avenue, Harrow – a freehold HMO comprising 13 units, Avens Court, Woking – a freehold detached former care home, Finsbury Park Road, Finsbury Park – a freehold semi-detached building comprising nine self-contained flats, West Hampstead Lance, West Hampstead – a freehold mid terrace building arranged to provide six self-contained flats.
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