A busy room and confident bidding delivered a strong set of results from Andrews & Roberston’s July auction at The Montcalm Hotel, London, from the 67 lots on offer.
The largest lot was a refurbished six bedroom, four floor, double fronted Victorian house in Queens Park, NW6. Guided at £2,800,000 with full vacant possession it sold prior to the auction for £2,826,000. for four contemporary family homes exceeded its £1,300,000 guide price, selling under the hammer for £1,450,000.
Other highlights included Lot 37, a freehold two floor semi-detached house in Hammersmith, arranged as two self-contained flats. The gavel went down at £985,000, £285,000 above its guide.
Chairman Robin Cripp said, “This was our first auction post referendum and the results show that there is still strong buyer demand across all sectors despite the uncertainties surrounding Brexit. With interest rates remaining low, investors are taking advantage of the opportunities to get a deal in the room. And with auctions being a good indication of the level of market confidence, these results are reason for continued optimism for the remaining auctions of 2016.”