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Exceeding Expectations

The Negotiator

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Auction House London has generated more than £16m for vendors in an additional sale date last month following high demand from buyers and sellers.

A total of 55 lots were sold across the capital with many selling for well above reserve prices and expectations.

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119 Sheen Lane, before

A particular highlight was the sale at the back of a property in Sheen Lane, Mortlake, south west London, where the potential to convert the building into a two-bedroom mews house had been visualised through an artist impression and proved irresistible to bidders. It sold at £361,000.

Andrew Binstock said, “We had some exceptional results this time. Our sellers love the fact that some lots went for higher prices than comparable properties being sold by estate agents. And the certainty of sale at auction means it still remains one of the only ways to guarantee completing on a property purchase before the Stamp Duty holiday comes to an end – even with its new extension until the end of June.”

April 16, 2021

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