Allsop’s latest sale raised £71.3m, breaking residential September sales records since 2008 and more than £12m above its 2016 September sale.
The highlight of the auction was Lot 80, an unmodernised three-bedroom house in St Ives offered on behalf of the local authority, Devon & Cornwall Housing Association (DCH) for £1.44m from a guide price of £625,000+.
Gary Murphy, Partner and Auctioneer said, “Despite all that’s been thrown in the path of buyers, the market is anything but inactive. We’re experiencing very healthy competition in our rooms and it’s encouraging to see that bidders are not shy of the higher value lots. At each successive Allsop sale, the multi-million-pound stock is emerging as the biggest crowd puller.
“As ever, our challenge is to match reserves to buyer sentiment. But get that right and the sky’s the limit.”
“Permitted development has been a very active area,” said Murphy. “Our buyer base has been extremely receptive to opportunities in office to residential.
“We expect to be offering an even broader choice to developers at forthcoming sales.”