Allsop sold the highest number of lots at its July residential auction since February 2009.
The sale of 364 lots raised £67.5m, with the auction house reporting a success rate of 91%.
The highest value lot was two freehold interlinked office buildings on Brunswick Road, Gloucester, which sold for £1.9m. The site (pictured) offers residential redevelopment potential.
A freehold detached building comprising 29 letting rooms in Wakefield, West Yorkshire, sold for £900,000 having been guided at £400,000, and on Dick Lane in Bradford, a freehold detached two-storey building and house sold for £920,000 from a guide price of £600,000
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “In the past three days, the Allsop residential auction team has succeeded in selling over 360 lots – the highest number since February 2009. As a firm, together with our commercial auction team, we have transacted over £120m in the past two weeks alone.
“This is an incredible achievement in what remains a challenging market. Recent months have shown encouraging signs of recovery, with more bidders returning to the market. The July sale was no exception, as we saw more competitive bidding than at any time in the past eight months and we anticipate this positive trend to continue in our August residential auction.”
Allsop said that in response to sustained demand it will be holding an additional residential auction on 29 August 2024.
