Savills held its eighth sale of the year yesterday, which raised over £40m. The live-streamed auction saw a 72% success rate from the sale of 137 lots.
Residential highlights included a five-bedroom terraced house (pictured) in West Kensington, London, which sold for £950,000; a two-bedroom flat in Kilburn, which sold for £600,000, £50,000 over its guide price; and a Grade II listed detached cottage in Cambridge sold in excess of its £400,000 guide price prior to the sale.
Commercial highlights in London included an office building in King’s Cross, which sold above its guide price for £1,415,000; a mid-terrace property with five flats in Archway, which sold for £1m; an office, retail and leisure estate in Brierley Hill near Birmingham, sold for £2,720,000, £220,000 over its £2,500,000 guide price; and a Barclays Bank in Kent, sold close to its £1,280,000 guide price prior to the sale.
Savills has raised £300m from 887 property lots via its live-streamed auctions so far this year.
Savills auctions director Gary Murphy said: “Having raised over £300m so far this year and several million more in today’s auction than our June sale, we are cautiously optimistic about the months ahead.”
Savills next auctions will take place on 1 and 20 September. Instructions are being taken with 100 lots already confirmed.
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