Savills London-National Auctions began 2015 with a bang, selling over £52.4m worth of property with an 86% success rate at the first auction of the year on the 17th February.
Bidding was strong from the very first lot, a semi-detached bungalow in Northolt, which sold for more than double the guide price at £302k. With over 200 lots up for sale, the pace continued throughout the day, until the hammer came down on the final lot more than ten hours later.
Chris Coleman-Smith, head of the auctions team, comments:
"The auction room was heaving from 9 a.m. yesterday until dusk, proving there is still plenty of appetite for property with competitive bidding for lots across the country. Lots from £15k to close to £2m all sold on the day, with particular interest in outer London and the commuter belt as well as houses".
Stand out lots included:
Lot 10 – Shop and maisonette in Wembley sold for £560k from a £250k guide
Lot 37 – End of terrace property in Shepherds Bush sold for £1m over guide at £1.935m
Lot 52 – Chelsea Embankment studio with short leasehold (approx. 4 years) and £85k guide sold for £158k
Lot 65 – Former office in Fulham with permitted development rights to create a unique loft style home sold for £1.2m from £1m guide
Lot 87 – Five bedroom house in West Hampstead sold for £100k over the guide at £1.7m
Lot 93 – Semi-detached five bedroom house in Ealing sold for £1.225m from £1.15m guide
Lot 162 – The Empress Hotel in Blackpool, with planning permission for nine flats and a retail unit sold for £180k