Allsop to hold additional August auction as demand for residential property remains high

The property auction house sold a record number of lots at its previous auction, raising over £67.5m

Related topics:  Auctions,  Property,  Allsop
Property | Reporter
14th August 2024
auction
"Our most recent record-breaking auction has shown us the resilience of the residential market, so we anticipate a very busy next couple of weeks in the run-up to the auction"
- Richard Adamson - Allsop

Allsop has released the catalogue for its upcoming residential auction - its eighth residential auction of the year and offering 173 lots, of which 10 are guided at £500,000.

The catalogue features a wide range of residential and mixed-use investment and development opportunities across the UK, including a freehold site in Uxbridge with possible development potential, guided in excess of £900,000.

Allsop will be holding an additional August auction in response to sustained investor demand, following a busy residential auction in July, which raised over £67.5 million from the sale of 364 lots.

Auction highlights include:

Lot 60: Islington, London – two freehold well-located terraced buildings, extending to approximately 3,759 sq. ft., guided at £1.6m+

Lot 99: Sevenoaks, Kent – a freehold semi-detached house with nine rooms, guided at £1.1m+

Lot 63: St.Helen’s, Merseyside – long-leasehold substantial corner building covering approximately 6,027 sq. ft., guided at £700,000+

Richard Adamson, residential managing partner and auctioneer at Allsop, said: “With the recent interest rate cut anticipated to further reinvigorate the residential property market, we are delighted to release a diverse catalogue featuring around 173 properties across the country.

"Our most recent record-breaking auction has shown us the resilience of the residential market, so we anticipate a very busy next couple of weeks in the run-up to the auction.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.