"Despite ongoing economic uncertainty and geopolitical challenges, the residential auction market continues to demonstrate strong resilience and the results from February suggest that more buyers are returning to the security of property investment"
- Richard Adamson - Allsop
UK auction house, Allsop has announced that it has launched its latest catalogue featuring a mixture of residential and mixed-use investment and development opportunities including a freehold HMO building arranged as 35 ensuite bedrooms in Coventry, guided in excess of £2.6m, and a semi-detached building arranged as three self-contained flats in East Sussex, guided at over £1m.
Highlights include Lot 79: Alton Road, Roehampton – a freehold detached building and garage with planning for reconfiguration of an existing building and two new build cottages, guided at £1.75m+ and Lot 26: West, London – a freehold mid-terrace building, guided £900,000+.
The release of the catalogue follows Allsop’s February residential auction, at which it raised over £55 million from 169 lots sold, achieving a success rate of 82%.
Allsop’s next residential auction will be held online on 19th March via live stream.
“The launch of our third residential auction catalogue of the year follows the success of our February auction, where we raised over £55m with a success rate exceeding 82%," said Richard Adamson, managing partner and auctioneer at Allsop, "Despite ongoing economic uncertainty and geopolitical challenges, the residential auction market continues to demonstrate strong resilience and the results from February suggest that more buyers are returning to the security of property investment.
"This month’s catalogue features over 230 lots across the country, offering attractive investment and value-add opportunities for a wide range of buyers. We anticipate a busy lead-up to the auction on 19th March.”
