Allsop has reported a £50 million residential auction over a two-day sale in July, with demand continuing for well-priced investment and asset management opportunities despite ongoing market challenges. Across its residential and commercial auctions that month, the firm raised a combined £91 million.
The residential 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 was a freehold mixed-use three-storey corner building at 582 Harrow Road, Maida Hill, London (pictured), 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 notable result came from Halliwell House, Halliwell Street, Chorley, Lancashire, a freehold building arranged as ten self-contained flats and producing £173,015 per annum. The property sold for £790,000, a gross yield of 12.51%.
Following the July results, Allsop has launched its August residential auction catalogue, featuring 155 lots across England and Wales and offering 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. The next residential auction takes place on 20 August.
August catalogue highlights include:
- Lot 52: 50-80 Pear Tree, Shirebrook, Mansfield, Nottinghamshire. A freehold detached building 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 arranged to provide six self-contained flats producing £134,940 per annum. Guided at £1.35 million+.
"While the market remains challenging in places, we continue to see that correctly priced stock is being well received by buyers," said Jimmy Bruce, partner at Allsop.
"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 155 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."
