Allsop Residential’s latest auction, which took place on Thursday 14 September, bucked the trend of weak post-summer auction results elsewhere in the UK, by selling 164 lots at a success rate of 80% and raising £71 million.  

That made it Allsop’s biggest September sale since 2008 and represents an £11 million increase on last year’s September auction, providing a welcome boost to market confidence in economic conditions still dominated by Brexit uncertainties.  

The biggest selling lot on the day was a residential/B1 development opportunity in Kingsbury, London, with permitted development rights for conversion to 17 flats, which sold for £3.21 million against a guide price of £2.85 million.  

Perhaps the most notable sale, however, was a former council house in St Ives, Cornwall, which enjoys stunning views across the beach and ocean. Despite needing extensive internal refurbishment, it sold for £1.44 million against a guide price of £625,000.  

Other notable sales included a 3.93 acre site in Arlesey, Bedfordshire, with permitted development for 39 dwellings, which sold for £2.95 million, a mid terrace house in Belgrave, London SW1W, which raised £1.59 million and a manor house in over 4.5 acres of gardens and grounds on Hayling Island in Hampshire was sold for £1.34 million.  

Entries are now being taken for Allsop Residential’s next auction, which will take place at the Cumberland Hotel, Great Cumberland Place, London W1 on 26 October.