A cottage on Wimbledon Common, SW19, changed hands for £2.5m at Savills’ 31 March auction, which raised £53.4m.
The three-bedroom property, located adjacent to the famous common, with potential for development subject to planning, was offered on behalf of a charity and bought by a private developer.
It was one of 164 lots offered, of which 134 sold, reflecting a success rate of 82%.
Other highlights included a property in Chiswick arranged as five flats, which sold for £1.7m – a 4.3% yield. It was sold by a private property company, which owned the asset for more than 30 years, and was bought by a private individual.
A three-bedroom cottage in Andover, Hampshire, offered on behalf of a housing association, sold for £252,000 to a private individual.
Auctioneer Chris Coleman-Smith dismissed concerns that political uncertainty was affecting investor sentiment.
He said: “This result shows that there is still an extremely strong market. I still think that the election isn’t having an impact.
“It’s business as usual for us, with six lots at this auction selling for more than £1m.”
The auction took place at the Millennium Hotel Mayfair, W1.
