Allsop raises over £70m in largest ever December residential auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has successfully concluded its largest ever December residential auction, raising over £70 million with 186 lots sold and an 80% success rate.

The highest-value asset to sell under the hammer at the December auction was a freehold Grade II listed building in Tooting, SW17. Extending to 10,741 sq ft, it also has huge development potential. Guided at over £2.1million+, the property sold for £2.41 million.

Allsop’s December residential auction was a strong indicator of renewed market confidence, generating over £70 million in sales with an 80% success rate - more than 10% above the industry average - marking its largest residential auction of the year.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “We’re delighted to have achieved our largest ever December residential auction. This milestone also marks our biggest residential sale of the year and, when combined with our commercial results, brings Allsop’s December total to more than £103 million.

“This performance is a clear indication of renewed confidence in the market, with buyers returning now that the Budget is behind us and interest rates have fallen to 3.75%. Motivated sellers continue to use auctions as an efficient way to generate liquidity, and we expect 2026 to be even busier as those who adopted a ‘wait and see’ approach re-enter the market.

“We already have 12 residential auctions scheduled for next year, and our January catalogue is shaping up to be a two-day sale with over 300 lots included.”

Highlights from the auction include:

• Lot 10: Tooting, London - a freehold grade 11 listed building extending to 10,741 sq ft with development potential. The property was guided at over £2.1million+ and sold under the hammer for £2,410,000
• Lot 70a: Peckham, London - two adjoining freehold mid terrace buildings internally arranged to provide eight self-contained flats which sold for £2,395,000
• Lot 33: Prenton, Merseyside - a freehold building internally arranged to provide 17 self-contained flats and one office extending to approx. 10,800 sq ft which proved to be one of the most popular properties on the day. The property was guided at £350,000 plus and after some very competitive bidding from 26 bidders the property finally sold under the hammer for £945,000

Allsop’s next residential auction will be livestreamed and take place on 28th and 29th January 2026, and the complete catalogue can be viewed online here. It is already shaping up to be another large two-day sale with well over 300 lots already entered.