Allsop sold some £320m of residential lots at auction in 2020 with success rates hitting 89%.
It topped the year off with a £53m sales total at its 17 December auction, with 192 lots selling.
Some 86% of lots sold at the auction, which saw 6,349 online bids placed among the 2,000 bidders who registered for the sale.
Richard Adamson, partner and auctioneer at Allsop, said: “Despite all of our auctions – bar February’s – taking place outside of the ballroom this year, we’ve seen consistently high levels of buyer demand, and the success rates of our sales this year have been extraordinary. The stamp duty tax relief has undoubtedly contributed to the high levels of activity, but there have been other factors at play – at a time of uncertainty, people tend to turn to the familiar, which in this case is property, an asset that many understand well and are comfortable investing in.”
Lot 25, a freehold semi-detached building in Finsbury Park, was the highest-priced lot of the day, selling at £1.7m. Lot 28, a mid-terrace building in West Kensington, was purchased prior to the auction for £1.7m.
Lot 3, a maisonette in Haggerston on a 125-year-lease, arranged over three floors (pictured), was among the most popular lots of the day, receiving 140 bids before selling for £513,000. Another highly popular lot was lot 43, freehold land in Kingsbury with a garage and building and development potential, which saw interest from 78 bidders and sold for £139,000.
Allsop’s next residential auction will be held online on 18 February.
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