Allsop raises £38 million in September residential auction

• £38 million raised from the sale of 146 lots
• Auction achieved a 72% success rate despite continued market challenges
• Demand remained strongest for income-producing investments and value-add opportunities

Allsop raised £38 million at its September residential auction, achieving a success rate of 72% with 146 lots sold.

The results represent a strong performance in what remains a challenging environment for the residential property market. Against a backdrop of continued economic uncertainty, elevated borrowing costs and more cautious investor sentiment, the auction demonstrated that buyers remain willing to transact when assets are appropriately priced and offer clear value.

Demand was evident throughout the sale, with competitive bidding across a broad range of lot types and locations. Investor appetite remained particularly strong for income-producing opportunities and properties with asset management or development potential, while well-located residential assets also attracted significant attention from both private and professional buyers.

The auction featured a number of standout transactions across both London and the regions, reflecting sustained demand for a diverse range of asset types. Among the highest-value sales was a freehold building comprising 12 flats in Hackney, which achieved £2.77 million, while a part-built development opportunity in West Ealing sold for £1.85 million, highlighting continued investor appetite for value-add and development-led opportunities. Regional assets also performed strongly, with Jayden House in Middlesbrough selling for £1.42 million, demonstrating ongoing demand for income-producing investments beyond the capital.

The results underline the resilience of the auction market as a route to sale. Whilst purchasers remain increasingly selective amid wider market headwinds, quality stock offered at realistic price levels continues to generate strong engagement and competitive bidding. The September auction attracted buyers seeking both immediate income and longer-term value-add opportunities, reinforcing confidence in the sector despite ongoing economic uncertainty.

Jimmy Bruce, Partner and Residential Auctioneer at Allsop, said: “We are pleased with the outcome of our September auction, which raised £38 million and saw 146 lots successfully sold.

These results were achieved against a backdrop of continued economic uncertainty, elevated borrowing costs and more cautious investor sentiment. In that context, a 72% success rate is a positive result and demonstrates that demand remains strong for well-priced assets across the UK.

Competitive bidding was evident throughout the sale, particularly for income-producing investments and value-add opportunities, highlighting that buyers remain active despite wider market headwinds. Whilst purchasers are increasingly selective, quality stock offered at realistic price levels continues to attract significant interest.”

Auction highlights include:

• Lot 10 – Flats 1-12 Elsdale House, 15 Elsdale Street, Hackney, London E9 6QW, sold for £2,770,000
• Lot 44 – 2a Rathgar Avenue, West Ealing, London W13 9PL, sold for £1,850,000
• Lot 88 – Jayden House, Granville Road, Middlesbrough, Cleveland TS1 3PE, sold for £1,420,000

Allsop’s next residential auction will take place on October 21st and 22nd.