Allsop raises over £105 million in one week of residential and commercial auctions

• A combined total of more than £105 million raised through separate residential and commercial 
  auctions
• £60m raised from the sale of 70 lots at a success rate of 88% at commercial auction
• £45m raised from the sale of 208 lots at a success rate of 90% at residential auction

Allsop, the leading property consultancy and the UK’s largest property auction house, raised over £105 million in total over two days through its separate March commercial and residential auctions. 

The commercial auction kicked off the week, raising £60 million from the sale of 70 lots at a success rate of 88%. The largest lot sold was Lot 21 in Lymington, a town centre supermarket investment let to Tesco, which sold for £2.59 million reflecting a 7.6% net initial yield. Of the 70 properties sold, 23 achieved prices above £1 million and the average lot size was £857,000. Retail assets continued to dominate, accounting for 67% of lots sold (63% by value). Regional properties also performed well, raising £27.9 million from 39 lots 
sold outside London and the South East.

The auction again attracted a highly experienced and familiar buyer base, with 80% of respondents having previously purchased at auction and 71% using cash to complete their acquisition. Encouragingly, 92% of buyers said they would look to purchase again at an auction, underlining sustained confidence in the market.

The following residential auction achieved a 90% success rate, with 208 lots sold, raising over £45 million. The biggest sale was Lot 41, a leasehold three-bedroom penthouse in South Kensington, which sold for £3.26 million - over 10% above the prior private treaty offer. The auction generated a huge amount of interest especially on social media. 

This brings the total raised across Allsop’s commercial auctions this year to over £100 million and the residential auctions this year to over £157 million. 

Mark Gower, commercial managing partner at Allsop, said:
“Despite recent unease in financial markets, the positive sentiment we witnessed in February continued through to our March sale, with strong prices achieved across a wide range of assets. Cash buyers remain highly active and are prepared to bid competitively when they see value. However, realistic pricing has never been more important. These results mark a strong start to 2026 and bode well for our May auction.”

Richard Adamson, managing partner and residential auctioneer at Allsop, said:
“This is our third dedicated residential sale of the year and the results show just how resilient the market is. Despite wider global volatility, both domestic and international buyers continue to view UK real estate as a safe haven and are bidding with confidence. We’re also seeing a notable rise in sellers turning to auction after private treaty routes have failed to deliver a sale. We are now assembling our April catalogue, which is already shaping up to be a very large two‑day sale.”

Commercial auction highlights include:

• Bute St, London, SW7 - Six shops each with a 3-bed maisonette above which sold for a total of £11
  million
• Lot 8 - Pershore - Let to Busy Bees Nurseries until 2039 with annual RPI linked reviews, sold for 
  £1.235 million (6.9% NIY)
• Lot 10 - Exeter - A Tesco Express with parking let until 2039 at £66,500p.a. with RPI linked reviews. 
  Sold for £1.31 million (4.8% NIY)
• Lot 13 - London, N4 - Let to Post Office Ltd until 2068 (Mutual Break Option 2035). Sold: £1.385
  million (4.4% NIY)
  
  

Residential auction highlights include:

• Lot 5 – Cricklewood, NW2 – a freehold building arranged as 11 studio flats producing £144,708 pa; 
  sold for £1.6 million from a £1.2 million guide
• Lot 23 – Beresford, Lock Island, Marlow, Bucks – a freehold bungalow with approx. one acre of 
  River Thames-fronting land; sold for £900,000 from a guide of £825,000
• Lot 24 – Bayswater, W2 – a two‑bedroom flat sold subject to an AST; sold for £725,000 reflecting a 
  4.75% gross yield

Allsop’s next residential auction will take place on Wednesday 29th and Thursday 30th April, followed by the commercial auction on Thursday 7th May via live stream.