Appetite for residential investments remains strong in auction rooms🏡

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Appetite for residential investments remains strong in auction rooms🏡

Allsop’s latest residential auction generated £47m worth of sales, with 133 lots sold. On the day of the auction, buyers placed 3,722 bids, with 788 individuals registered to participate in the sale.

Investment opportunities in private rented accommodation, change-of-use and value-add properties proved popular at the auction held on 31 March.

The highest lot to have sold is a freehold collection of hostel buildings in Finsbury Park, north London, that provide a total of 45 rooms. The lot, which is let to Westminster City Council, was sold to a private investor prior to auction substantially in excess of its guide price of £7m. To continue reading, please Click Here

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