Allsop raises £39M at its May Residential Auction

• 158 lots were sold, achieving success rate of 77%

•       Allsop’s next residential auction will take place on 24th and 25th June

Allsop, the leading property consultancy and the UK’s largest property auction house, has raised £40 million at its May residential auction, achieving a success rate of 77% with 158 lots sold.

The auction saw strong participation from investors, with competitive bidding across a range of lot types and locations. Demand was particularly evident for well-located London assets and income-producing opportunities, with multiple lots attracting significant interest and selling well above guide prices.

The highest-value transactions demonstrated continued appetite for prime and value-add stock. Notably, a freehold Grade II listed stucco-fronted period house on Circus Road in St John’s Wood attracted competitive bidding from seven parties before selling for £2,520,000. Meanwhile, a freehold semi-detached building in Ealing proved to be one of the most sought-after lots in the sale, selling for £985,000 against a guide price of £320,000, with 59 registered bidders.

Elsewhere, larger-scale investment opportunities also performed strongly. A freehold purpose-built block of 14 flats in Luton sold under the hammer for £2,050,000, while a freehold mansion block comprising 33 flats in Marylebone achieved £2,350,000.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “As the market continues to navigate the implications of the Renters’ Rights Act and wider domestic uncertainty, the results of our May auction provide a strong indication that investors are largely adopting a business-as-usual approach, albeit with a degree of caution. The themes we have seen over the past couple of years remain consistent, with buyers focused on value-add opportunities and strong yields from income-producing assets. While some landlords are choosing to exit, many others see the current climate as an opportunity to acquire assets at attractive pricing. A single-day sale raising £40 million with a 77% success rate underlines the resilience of demand.”

Highlights from the auction include:

• Lot 33 – 42 Circus Road, St John’s Wood, London, NW8: A freehold Grade II listed five-bedroom period house extending to 2,787 sq ft, sold for £2,520,000 following bidding from seven parties
• Lot 9 – 62 Rosemont Road, Ealing, London, W3: A freehold semi-detached building guided at £320,000, sold for £985,000 with 59 registered bidders
• Lot 26 – Kingswood Court, Grove Road, Luton, Beds: A freehold block of 14 flats producing £158,700 per annum, sold for £2,050,000
• Lot 39 – Stonehouse, 9 Weymouth Street, Marylebone, W1W: A freehold mansion block comprising 33 flats, sold for £2,350,000

Allsop’s next residential auction will be livestreamed and take place on 24th and 25th June 2026.