Allsop releases bumper catalogue for two-day June residential auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has released the catalogue for its two-day June residential auction, offering 347 lots of which 16 are guided at over £1m.

The catalogue features a mixture of residential and mixed-use investment and development opportunities across the UK, including a freehold office building in Maidenhead, Berkshire, comprising almost 17,000 sq ft with planning granted for 30 residential units, which is being guided at over £3m (lot 203).

The release of the bumper 347-lot catalogue follows a busy May residential auction, at which Allsop raised over £47 million from 155 lots sold, representing a success rate of 86%. It will be Allsop’s sixth residential auction of the year as the firm continues to add dates to its auction calendar amid pent-up supply and demand.

Richard Adamson, managing partner and residential auctioneer at Allsop, said: “We are delighted to release the catalogue for a two-day June auction which provides buyers with a diverse range of national investment and development opportunities. The market continues to be energised by income producing assets and value add opportunities that are sensibly priced. Our 347-lot offering is broad enough to accommodate interested buyers of all kinds, and we anticipate interest to continue throughout the summer months as more investors return to the market.”

Auction highlights include:

• Lot 177: Harrow, Greater London – a freehold detached HMO building arranged as 12 self-contained studio flats and one non self-contained studio flat, guided at £1.6m+
• Lot 188: Peacehaven, East Sussex – a freehold site comprising ten self-contained two bedroom flats, guided at £1.3m+
• Lot 194: West Hampstead, London – a freehold mid-terrace building arranged to provide six self-contained flats, guided at £1.45m+

Allsop’s next residential auction will be held online on 19^th and 20^th June via livestream, and the complete catalogue can be viewed here.