London lots remained popular with investors at Savills’ residential auction last week.
The total closed at £21.7m, after 73% of the 173-lot catalogue sold at the Royal Garden Hotel, W8, on 25 October.
Post-auction sales pushed the success rate up to 75% and total receipts to £22.6m, reflecting an average lot price of £221,000.
Highlights of the sale included a Victorian house split into two flats in Queens Park, NW6, which sold for £626,000 off a guide of £560,000. And a semi-detached cottage in Battersea, SW11, achieved £650,000 off a guide of £550,000.
Keenly guided development lots proved to be popular. A house in Staines, Middlesex, which was reserved at £115,000, sold for £415,000, while five out of a portfolio of six churches in Kent, Hertfordshire and Essex, with a collective guide of £685,000, made £995,000.
