Allsop raised £47m from the sale of 155 lots at its fifth residential auction of 2024.
The auctioneer achieved an 86% success rate from the sale.
The highest value lot sold under the hammer was a freehold parade of six new-build houses in Westcliff-on-Sea, Essex, which sold for just under £2.1m.
Over the past four weeks, Allsop said it had collectively raised more than £137m through the sale of residential, commercial and mixed-use lots across the country.
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “This month’s sale is a very positive sign that the market is feeling more upbeat and confident.
“While pricing remains very sensitive, there is clearly an increase in buyers returning to the market with more than twice the number of buyers registering to bid at our auction compared to the same time last year.”
Highlights from the most recent sale include
Maescoed Farm in Hereford – a freehold Grade II listed farmhouse and outbuildings (pictured) set in 40 acres of land, which sold for £830,000 from a guide price of £400,000; Shirland Road in Maida Vale, W9 – a freehold mid terrace building comprising six bedsits and a ground-floor commercial unit, which sold for £950,000 from a guide price of £500,000; and Watts Moses House in Sunderland – a freehold unbroken block of 43 self-contained flats, which sold for £1.7m off a guide of £1.1m.
Allsop’s next residential auction takes place on 19 and 20 June.
Image © Allsop
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