Allsop raised more than £48m in its September residential sale, a success rate in excess of 70%.
The highest-value lot sold was a freehold detached building in Ealing, W5, arranged to provide 10 studio and three one-bedroom flats. It sold prior to auction for £2.8m-plus (lot 76). It was sold on behalf of a housing association.
The largest lot sold under the hammer was a freehold semi-detached building in Hackney, E8, comprised of five self-contained flats. It sold for £2.4m from a guide price of £2m (lot 124). Income on the asset is £75,000 per annum, equating to a gross yield of 3.11%.
A former call centre/office with development potential in Gillingham, Kent, sold for £750,000 from a guide price of £650,000 (lot 142).
A freehold building in Cricklewood, NW12, with eight self-contained flats, sold for £1.9m from a guide price of £1.75m-plus (lot 66). The property offers development potential. The sale price reflects a yield of 6.12%.
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