Allsop raises £50 million at July residential auction and launches 170-lot August catalogue

•    Across its residential and commercial auctions in July, Allsop raised a combined £91 million
•    195 lots sold at residential auction, at an 84% success rate
•    August residential auction catalogue launches with 170 lots

Allsop, the leading property consultancy and the UK’s largest property auction house, has announced a strong performance across its July residential auction, raising £50 million over a two-day sale as demand continued for well-priced investment and asset management opportunities despite ongoing market challenges.

The auction achieved an 84% success rate, with 195 lots selling. Demand remained particularly strong for assets offering attractive income profiles and asset management potential, with investors continuing to deploy capital despite wider market uncertainty.

The highest-value lot sold during the auction was Lot 36, 582 Harrow Road, Maida Hill, London NW2, a freehold mixed-use three-storey corner building comprising four residential units, two retail units and a workshop. Producing £131,400 per annum, the property sold under the hammer for £1,205,000, reflecting a gross yield of 10.9%.

Another standout result was Lot 251, Halliwell House, Halliwell Street, Chorley, Lancashire, a freehold building arranged as ten self-contained flats and producing £173,015 per annum. The property sold under the hammer for £790,000, reflecting a gross yield of 12.51%.

Building on this momentum, Allsop has launched its August residential auction catalogue, featuring 170 lots across England and Wales and offering a broad range of opportunities for investors, developers and private buyers.

The catalogue includes a mix of income-producing assets, value-add opportunities and residential investments, reflecting continued demand from buyers seeking strong fundamentals and asset management-led returns.

Jimmy Bruce, Partner at Allsop, said:

"While the market remains challenging in places, we continue to see that correctly priced stock is being well received by buyers. Investor demand remains resilient, particularly for value-add and asset management opportunities, with a notable focus on assets offering income. Our July results demonstrate that capital is still very much active in the market, and we are pleased to launch a substantial August catalogue of 170 lots that provides buyers with a wide range of opportunities.

The August auction is expected to attract strong interest from both new and established investors, as buyers continue to target opportunities that offer income generation, repositioning potential and long-term value creation."

August catalogue highlights include:

•    Lot 52, 50-80 Pear Tree, Shirebrook, Mansfield, Nottinghamshire. A freehold detached building internally arranged to provide sixteen self-contained flats. Subject to a lease producing £45,643 per annum. Guided at £725,000+.
•    Lot 38, 193 Gipsy Road and 2A Rommany Road, Norwood, London SE27. Two freehold semi-detached buildings internally arranged to provide six self-contained flats producing £134,940 per annum. Guided at £1.35 million+.

The next Allsop Residential Auction will take place on August 20th via a one-day sale.