Allsop sets the bar high at first sale of the year
Allsop raised more than £13m at its first residential auction of 2024, with the sale of 126 lots representing a 95% success rate.
The highest value lot – a freehold building in Doncaster comprising 35 self-contained flats – sold for £1.53m. Other lots on offer ranged from development sites to mixed-use, income-producing investments.
Richard Adamson, partner and residential auctioneer at Allsop, said: “Having navigated a challenging 2023, we are thrilled with the results from our first residential auction of the year. With a success rate of 95%, it demonstrates that the depth of buyers for well-priced investments and developments is not only robust, but improving as long-term borrowing rates ease.”
Residential auction highlights include:
- Lot 8: Woodville Gardens, Ruislip – a freehold mid-terrace three-bedroom house, sold for £442,500 from a guide price of £350,000-plus
- Lot 20: Hilltop Lodge, Swadlincote – a freehold block providing a total of 40 letting rooms, sold for £860,000 from a guide price of £600,000-plus
- Lot 33: Rockingham House, Doncaster – a freehold building comprising 35 self-contained flats, sold for £1.53m
- Lot 54: Dorking – a freehold development opportunity with planning for a house and two flats, sold for £551,000 from a guide price of £525,000-plus
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews
Allsop raised more than £13m at its first residential auction of 2024, with the sale of 126 lots representing a 95% success rate.
The highest value lot – a freehold building in Doncaster comprising 35 self-contained flats – sold for £1.53m. Other lots on offer ranged from development sites to mixed-use, income-producing investments.
Richard Adamson, partner and residential auctioneer at Allsop, said: “Having navigated a challenging 2023, we are thrilled with the results from our first residential auction of the year. With a success rate of 95%, it demonstrates that the depth of buyers for well-priced investments and developments is not only robust, but improving as long-term borrowing rates ease.”
Residential auction highlights include:
Lot 8: Woodville Gardens, Ruislip – a freehold mid-terrace three-bedroom house, sold for £442,500 from a guide price of £350,000-plus
Lot 20: Hilltop Lodge, Swadlincote – a freehold block providing a total of 40 letting rooms, sold for £860,000 from a guide price of £600,000-plus
Lot 33: Rockingham House, Doncaster – a freehold building comprising 35 self-contained flats, sold for £1.53m
Lot 54: Dorking – a freehold development opportunity with planning for a house and two flats, sold for £551,000 from a guide price of £525,000-plus
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews
