News | Auction | Residential Auction

Allsop raises £57m in June residential auction

Allsop, a leading property consultancy and the UK’s largest property auction house, raised £57 million 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, which sold for £1.8m. Other highlights include the sale of a freehold semi-detached building comprising nine self-contained flats in Finsbury Park, London, which sold for £1.55m having been guided at £800,000.

Allsop’s June residential auction was its largest auction since September 2021, highlighting growing confidence in the market among vendors and a continued demand for well-priced residential and mixed-used assets.

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 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:

  • Lot 177: Draycott Avenue, Harrow – a freehold HMO comprising 13 units, sold for £1,550,000
  • Lot 189: Avens Court, Woking – a freehold detached former care home sold for £1,800,000
  • Lot 220A: Finsbury Park Road, Finsbury Park – a freehold semi-detached building comprising nine self-contained flats sold for £1,550,000 from a guide price of £800,000
  • Lot 239a: West Hampstead Lance, West Hampstead – a freehold mid terrace building arranged to provide six self-contained flats sold for £1,520,000

Allsop’s next residential auction will be livestreamed and take place on 30th and 31st July 2024.

Richard Adamson

Residential Managing Partner Residential Auction

More from this Author

03/12/2024 News | Auction | Buying at Auction

Allsop releases December residential auction catalogue with 288 lots on offer


19/11/2024 Podcast | Residential Auction | Commercial Auction

Podcast: Two auctions, the Budget and the Trump result - 10 days unravelled!


11/11/2024 News | Buying at Auction | Selling at Auction

Allsop raises nearly £88m across two days of auctions



Allsop releases December residential auction catalogue with 288 lots on offer
News 03/12/24

Allsop releases December residential auction catalogue with 288 lots on offer

Auction | Buying at Auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has released the catalogue for its upcomi...

Allsop Unveils Final Commercial Auction Catalogue of 2024
News 26/11/24

Allsop Unveils Final Commercial Auction Catalogue of 2024

Commercial Auction | Buying at Auction

Allsop has released its December auction catalogue , featuring 68 lots across the UK with 22 guided at £1m or more.

Podcast: Two auctions, the Budget and the Trump result - 10 days unravelled!
Podcast 19/11/24

Podcast: Two auctions, the Budget and the Trump result - 10 days unravelled!

Residential Auction | Commercial Auction

In this episode of the Allsop Propchat we delve into some of our recent sale results, and comments from buyers and sellers to...

Allsop raises nearly £88m across two days of auctions
News 11/11/24

Allsop raises nearly £88m across two days of auctions

Buying at Auction | Selling at Auction

Allsop, the property consultancy and the UK’s largest property auction house, raised £87.8 million in total over a two-day pe...