High demand for well-priced stock at Allsop’s latest residential auction

High demand for well-priced stock at Allsop’s latest residential auction

Auction house, Allsop, has posted a £61m sales total from its 26th October residential auction, bringing the total for the year to date to £376m.

The result brings the combined residential and commercial auction total to £868m so far, this year.

The catalogue presented a broad choice for bidders. In particular, residential development opportunities proved popular. Lot 16, a freehold site in Clapham North, for example, offered on behalf of South London and Maudsley NHS Trust, sold for £3.44m from a guide of £3m. Adjacent to Lambeth Hospital and formerly used as a rehabilitation centre and office, it had potential for a scheme of townhouses. And lot 38, a 5,000 sq ft office building in Dartford, Kent, guided at £700,000, raised £860,000. Subject to a permitted development application, Ukams House has potential for conversion to 12 apartments.
Competition was stiff in the auction room for good quality investments in the regions.

Gary Murphy, Auctioneer and Partner at Allsop commented: “This was a very varied catalogue by value and location. We experienced strong demand for well-priced stock. Good quality investment opportunities outside London were fought after.”

October’s auction achieved a 70% success rate. The full results can be viewed online.

Allsop’s next residential sale will be held on Thursday 14th December 2017 at the Cumberland Hotel, Great Cumberland Place, London W1. Entries are now invited and will be accepted up until 20th November.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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