The strong sales figures were driven by buyer activity ahead of the recent changes to stamp duty.

Allsop’s next residential auction will take place on 21st & 22nd May

45% of the lots are located in London and the South East.

The property consultancy raised over £58m through back-to-back March residential and commercial auctions

Commercial auctions raised £32.8m from the sale of 54 lots, while residential auctions raised £25m from the sale of 117 lots.

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Allsop’s March residential auction catalogue features 236 lots across the UK.

The property consultancy sold 169 lots and yielded a success rate of 82%

New data has revealed a quarterly increase in the number of auctioning lots achieving their reserve price or more.

74% of lots sold were retail including the White Rose Shopping Centre in Rhyl for £2.11m