Savills raised £40m with a 71% success rate on the day at its auction this week.
A vacant five-storey mid-terrace house (pictured) in Shepherds Bush, W12, arranged as an HMO, sold for £1.3m off a £950,000 guide at the 26 March sale.
Two investment properties in Battersea, SW11, with regulated tenancies, attracted professional buyers: a terrace house on Forthbridge Road producing £25,260 pa from two flats sold for £790,000 against a guide of £800,000; and a terrace house on Garfield Road, also split into two flats, producing £26,832 pa, sold for £900,000 against a guide of £850,000-plus.
However, a property on Gloucester Crescent, NW1, guided at £2.35m-plus, went unsold.
“The market is not as frantic as it was a couple of years ago, but it is a solid market,” said auctioneer Chris Coleman Smith. “Getting 70% upwards in the current climate is a good result.”
The sale attracted protesters against the sale of social housing stock. At least two such lots went unsold: a terrace house in Willesden, NW10, which is available at £380,000; and a house split into two flats in Camberwell, SE5, which is available at £880,000.
“These properties generally need modernisation. They need money invested in them,” said Coleman Smith.
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