Barnett Ross’s sale on 12 May saw four London houses owned by the same family sold for a combined £7m.
The 44-lot sale raised £16.5m, with a 94% success rate.
The family had been advised by senior partner John Barnett for more than 50 years.
The largest of the four lots was a freehold detached house in Hampstead, NW3, arranged as three flats, which sold for £2.9m off a guide of £2.4m – a gross yield of 0.7%.
A vacant mews house on the same street was sold for just over £1m, off a £500,000 guide.
Barnett said: “It was unique to get an opportunity to buy something in that area to pull down and rebuild.”
He said the vendors chose the auction route due to their relationship with him and the need for a quick completion in order to pay inheritance tax.
The other properties were a freehold restaurant in Highbury, N5, with flats above, which sold for £1.6m – a 1.46% yield – and a semi-detached house in Golders Green, NW1, which sold for £1.4m.
The sale was held at the Radisson Blu Portman hotel, W1.
