The Diocese of Southwark was among the successful vendors at Andrews & Robertson’s auction in London this week, selling a former vicarage and land for more than £2m.
The 0.72-acre corner plot in Norbury, SW16, was sold with planning permission for seven houses and was guided at £1.8m-plus.
The consent also grants permission to build a new vicarage on an adjacent plot and the church intends to start construction in July, before the August 2014 planning permission lapses.
The St Phillip’s vicarage site was the largest lot sold at the sale on 6 June at the Montcalm Hotel, W1, where Andrews & Robertson raised £10.5m with a success rate of 74%. Of 118 lots offered, 87 were sold, with 78 in the room and eight prior to auction.
On the same day, Harman Healy achieved a success rate of 85% at Chelsea Old Town Hall, SW3, raising £2.2m. It sold 16 lots, 11 of them in the room.
Chairman and senior auctioneer at Andrews & Robertson, Robin Cripp, said: “In an ideal world we would not have held an auction two days before a General Election. The property market, like most markets, does not like uncertainty.
“However, we deal with the cards we have been given, and as always there were plenty of savvy investors in the room to snap up the lots with development potential. Interest is already high on those lots which were unsold in the room.”
Other highlights at the sale included a semi-detached property in East Dulwich, SE22, divided into two maisonettes, which raised £1m.
At the Harman Healy sale, an unmodernised semi-detached house in Carshalton, Surrey, sold for £336,000.
