Allsop raises £46M at its February Residential Auction

• 152 lots were sold, achieving success rate of 84%
• Seven lots sold for over £1 million 
• Our next residential auction will take place on 25th and 26th March

Allsop has successfully concluded its second residential auction of the year, raising £46 million with an impressive 84% success rate. Investor demand remained strong throughout the sale, with seven lots selling for more than £1 million, underlining continued interest in high-quality residential investment opportunities across the country. 

The standout sale was lot 181, a substantial freehold mansion block in Marylebone, comprising 79 flats and generating £306,389.36 per annum, with three flats and three store rooms vacant. The building was sold under the hammer for £4.75 million.

Building on the momentum of its January auction, which raised £65 million, the latest results highlight the continued strength of the residential auction market and sustained demand from investors.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “Our second residential auction of the year raised approximately £46 million with a success rate of 84%, bringing our total raised over two sales to in excess of £110 million in the first two months of 2026. The market still remains challenging, with investors adjusting to ever‑changing market conditions and working through the implications the Renters' Rights Act will have on their long‑term investment strategies. We are already in the process of finalising our March catalogue, which is shaping up to be another large, high‑quality two‑day sale.”

Highlights from the auction include:

• Lot 181: 105 Hallam Street, Marylebone, London - a freehold mansion block of 79 flats producing £306,389.36 pa (three flats and three stores vacant), sold for £4.75 million
• Lot 254: 71 & 73 Fulford Road, York - two adjoining freehold buildings comprising a five‑bedroom townhouse and six self‑contained flats, sold for over £1.25 million (guide: £900,000)
• Lot 15: Vicarage Fields Health Centre, Barking, Essex - a former NHS health centre and site with development potential, sold for over £1.2 million
• Lot 1: 18 Leicester Road, Wanstead, London - a freehold detached house, 125 sq m (1,345 sq ft), guided at £500,000+, sold for over £1.1 million after fierce bidding from over 40 buyers

Allsop’s next residential auction will be livestreamed and take place on 25th and 26th March 2026.