Allsop raises £47M at June auction, taking 2026 residential total to almost £300 million

•       165 lots sold
• Success rate of 86%

Allsop has raised £47 million at its June residential auction, achieving a success rate of 86% with 165 lots sold.

Following the June sale, Allsop has now raised almost £300 million from residential assets so far this year. The highest-value transaction of the sale was Westferry Studios, 90 - 162 Milligan Street, Limehouse, E14, a freehold block comprising 27 live/work units and nine commercial units. Guided at £6 million+, the property sold under the hammer for £6.6 million, reflecting sustained appetite for larger-scale, mixed-use investments.

Regional assets continued to perform strongly, underpinned by their secure rental income. A substantial freehold detached building at 68 Southbourne Road, Bournemouth, providing nine bedsitting rooms, a one-bedroom flat and a three-bedroom flat, and producing £80,699 per annum, sold for £805,000 against a £700,000+ guide price.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “Given the week began with political uncertainty following Keir Starmer’s resignation, which was unlikely to support broader market sentiment or confidence, this represents a particularly strong result. It highlights the resilience of the auction market and the continued depth of demand for residential assets.

While ongoing uncertainty may lead some investors to take a more cautious, “wait-and-see” approach, our results show that many continue to identify compelling opportunities in the residential sector and are prepared to act.

We are already preparing our July auction catalogue, which promises to be another substantial sale showcasing a wide range of attractive investment and development opportunities.”

Highlights from the auction include:

• Lot 14 – 154 Cloudesley Road, Islington, N1: a freehold grade 11 listed four-storey mid terrace house extending to over 1650 sq ft, being sold on behalf of a charity proved to be very popular. The property was guided at £1M plus and finally sold after some very competitive bidding for £1,515,000
• Lot 67B – 68 Southbourne Road, Bournemouth: A substantial freehold detached building internally arranged to provide a total of 9 bedsitting rooms, together with one x 1 bedroom flat and One x 3-bedroom flat. The property was fully let producing a rent of £80,699 per annum. The property was guided at £700,000 plus and sold under the hammer for £805,000.
•      Lot 226 – 810 Wilshire House 2 Prospect Way, Nine Elms. London, SW11: A leasehold self-contained 8th floor two-bedroom apartment, extending to approx. 1,530 sq ft sold under the hammer for £1.6M