A Georgian terraced house close to the British Museum in Bloomsbury is the property with the highest guide price listed in Savills’ November auction catalogue.
The building on Willoughby Street, WC1 (pictured), which comprises a garden flat and eight studio apartments, is guided at £2.8m and currently has an income of £168,241 a year.
It is one of 118 lots due to go under the hammer at Savills’ London and National auction on 4 November, five of which are guided at more than £1m.
Savills said that it was seeing an increase in the number of buyers hoping to capitalise on uncertainty in the property market caused by the government’s Brexit negotiations.
“What we have found is that buyer perception seems to have shifted in the last few months – certainly in the auctions sector,” said Chris Coleman-Smith, head of auctions at Savills. “Uncertainty in the market has actually prompted transactions to take place, as people are seeing the opportunities in the market.
“Ultimately, it feels as though we’re in a period where it’s quite possible that people will look back and think ‘that would’ve been a good time to buy’.”
The catalogue also includes an adjoining pair of mid-terrace buildings in Fulham, SW6, arranged as two vacant shops and two maisonettes, which has planning consent to be converted into seven flats and has a guide price of £1.9m.
Savills’ next London and National auction will take place on 4 November at the London Marriott, Grosvenor Square, W1.
