Allsop raises more than £78m at November resi auction

By
BE News Team

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Allsop raised more than £78m at its November residential auction – its largest sale since February 2018.

The auction, which took place over three days, offered more than 500 lots and had a success rate of 84%. 

Thirteen lots – including a freehold terrace building with three vacant flats in Willesden London, which sold for £1.34m (pictured) – sold for more than £1m.

Richard Adamson, partner and residential auctioneer at Allsop, said: “We are delighted with the results of our latest residential auction, our largest and most successful since February 2018. Once again, we’re seeing the volume of supply and demand for income-generating and value-add opportunities, reflecting an eagerness within the market for well-priced stock. 

“With every auction sale, we can provide more and more insight into trends in the market, and into how our buyers and sellers can best find value – and we look forward to continuing to build on that over the coming months including our last sale of 2023 in December.”

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