Allsop raises £40 million in August residential auction

• Sold 127 lots, yielding a success rate of 84%
• Allsop’s next residential auction will take place on 16th and 17th September, with the catalogue launching on 28th August

Allsop, the leading property consultancy and the UK’s largest property auction house, raised £40m at its residential auction on August 20th, achieving a success rate of 84% with 127 lots sold. The results were achieved despite the traditional summer holiday period, demonstrating the continued resilience of the residential auction market and sustained demand for well-priced assets across a range of sectors.

More than 725 bidders registered to participate in the auction, reflecting strong levels of engagement from both private and professional buyers. Investor appetite remained particularly robust for income-producing assets, while owner-occupiers were also active throughout the sale as they sought opportunities in locations across London and the wider UK.

Demand was evident across a broad range of lot types, from large-scale residential investments and mixed-use properties to smaller residential opportunities. Notable sales included a freehold building comprising 30 self-contained flats in Mansfield, which sold for £2.15m, a freehold mid-terrace building providing nine letting rooms in Chiswick that sold for £1.27m, and a mixed-use investment property in Ashford which achieved £955,000.

The strong performance follows a period of continued uncertainty in the wider property market and highlights the enduring appeal of the auction route for both buyers and sellers. Competitive bidding on a variety of assets demonstrated that attractively priced opportunities continue to generate significant interest from a diverse purchaser base.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “August has traditionally been viewed as a quieter month for the property market, but the strength of demand we saw throughout this auction tells a different story. Buyers remain highly selective, but when assets are priced sensibly and offer clear value, there is still significant competition.

What was particularly encouraging was the breadth of demand across the sale. Investors continued to target income-producing opportunities, while owner-occupiers were also active, demonstrating that the auction market remains an attractive route for a wide range of buyers. The results reflect a market that is continuing to transact despite wider economic uncertainty.”

Residential auction highlights include:

• Lot 29, Mansfield– a freehold building comprising 30 self-contained flats arranged over two blocks and let to a housing provider at a rent of £256,968.56 per annum, sold for £2.15m
• Lot 60, Chiswick, London – a freehold mid-terrace building internally arranged to provide nine letting rooms, sold for £1.27m
• Lot 62, Feltham Road, Ashford – a freehold mixed-use building arranged to provide a commercial unit and three self-contained flats, sold for £955,000

Allsop’s next residential auction will take place on 16th and 17th September, with the catalogue launching on 28th August.