News | Auction | Residential Auction

Allsop raises £28 million in April residential auction

Allsop, the leading property consultancy and the UK’s largest property auction house, raised £28 million at its latest residential auction, representing a success rate of 76%.  

The highest-value lot sold under the hammer, a freehold HMO building in Coventry, was acquired for £2.255 million. Other lots included a range of residential and mixed-use investment and development opportunities across the UK.  

The success of Allsop’s fourth residential auction of the year brings the total raised to over £140 million, having recently raised over £26 million at its previous auction in March.

Richard Adamson, managing partner and residential auctioneer at Allsop, said: “During an economic and political climate which seems to be in a prolonged state of unpredictable uncertainty, it is no surprise that some investors are a little more cautious than they have been for a while. Despite this, our result shows that there is still strong demand for well-priced income-producing assets and suitable value-add opportunities.

“The volatility we have witnessed in the stock market recently has seen some investors turning to the safe haven of UK real estate, which is a trend we have seen over the past few years. We look forward to witnessing continued investor appetite at our next auction, which takes place over two days next month.”

Residential auction highlights include:

·       Lot 17: Kensington, London – a freehold semi-detached building internally arranged to provide four self-contained flats, sold for £2.1 million

·       Lot 23: Leicester – a freehold building comprising 20 student flats with car parking, sold for £1.74 million after competitive bidding which started at £1.4 million

·       Lot 71: Acton – a freehold end of terrace building comprising a retail unit and three self-contained flats producing a total of £70,287 per annum, sold for £905,000, reflecting a gross yield of 7.76%

·       Lot 135: Coventry – a freehold HMO building internally arranged to provide 35 ensuite bedrooms producing £253,920 per annum (with four units vacant), sold for £2.255 million

Allsop’s next residential auction will be livestreamed and take place on 21st and 22nd May 2025.

Richard Adamson

Residential Managing Partner Residential Auction

More from this Author

28/05/2025 News | Auction | Residential Auction

Allsop raises £47 million in May residential auction


07/05/2025 News | Residential Auction | Auction

Allsop releases 266-lot catalogue for May residential auction


24/03/2025 News | Residential Auction | Commercial Auction

Allsop’s back-to-back commercial and residential auctions raise over £58 million



Allsop releases catalogue for June commercial auction
News 29/05/25

Allsop releases catalogue for June commercial auction

Commercial Auction | Auction

Allsop has released the catalogue for its June commercial auction, featuring 77 lots ranging in size from £3.5m/£3.75m to a l...

Allsop raises £47 million in May residential auction
News 28/05/25

Allsop raises £47 million in May residential auction

Auction | Residential Auction

Allsop, the leading property consultancy and the UK’s largest property auction house, raised £47m at its latest residential a...

Allsop raises £32 million in May commercial auction
News 08/05/25

Allsop raises £32 million in May commercial auction

Commercial Auction | Auction

Allsop, raised £32 million at its May commercial auction, representing a success rate of 76%.

Allsop releases 266-lot catalogue for May residential auction
News 07/05/25

Allsop releases 266-lot catalogue for May residential auction

Residential Auction | Auction

The catalogue features a mixture of residential and mixed-use investment and development opportunities, including a freehold ...