Allsop offers 11 lots guided above £1m at end-of-year resi sale

A residential investment in Sydenham, south-east London, guided at £2.35m will be offered in Allsop’s bumper two-day residential sale that is set to round off the year. The freehold end-of-terrace building (lot 75) contains nine flats and produces just over £140,000 in rent per annum. It is one of 11 opportunities guided at £1m-plus in the catalogue of 288 lots. The live-stream auction will be held over 18 and 19 December to accommodate the significant number of lots. Allsop’s previous sale, in November, raised more than £37.1m from the sale of 85 lots, bringing its year-to-date total to more than £565m. Richard Adamson, residential managing partner and auctioneer at Allsop, said: “While the recent UK Budget has given investors plenty to consider, with Christmas around the corner there are large numbers of motivated sellers active in the market, with buyers equally keen to deploy capital before the year end. “As a result, we are looking forward to another very competitive sale to round up an excellent year for Allsop’s auctions business that will set our clients up to take advantage of what promises to be a brighter year ahead.” Other highlights of the sale include: Lot 14, Knightsbridge, London – a freehold mid-terrace mews house, guided at £1.5m+ Lot 15, Clapham, London – a freehold semi-detached building with rear garden and outhouse, guided at £1.4m+ Lot 46, Roehampton, London – a freehold detached Victorian mansion building with garage, benefiting from two planning consents and guided at £1.6m+. Photo © Allsop