Investor appetite and realistic
pricing combined to provide a strong result for Allsop Residential’s last
auction in 2017, which took place on Thursday 14 December. 150 lots were sold
at a success rate of 81%, raising £43.7 million with an average lot size of
£291,000. That result brings Allsop Residential’s final total for the year to £423
Properties in London and the
South East proved particularly popular, with five of the highest value lots
being located in the area.
The biggest selling lot
on the day was a freehold six storey building in Battersea, London SW11. Comprising
a ground floor shop and four self-contained flats, it sold for £1.615 million
against a guide price of £1.35 million.
Other notable sales included a vacant
detached building occupying a 0.578-acre site in Bromley, Kent, which sold for
£1.4 million against a guide price of £900,000; £1.33 million for a six bedroom
house in Fulham, London SW6, with potential for further extension; and two
freehold bungalows in Ware, Hertfordshire, which sold for a combined total of
Entries are now being taken for Allsop
Residential’s first auction for 2018 and should be submitted by 19 January. The
auction itself will take place at the InterContinental Hotel, One Hamilton
Place, Park Lane, Mayfair, London W1J 7QY on 15 February.