Allsop posted a £61m sales total from its latest residential auction, bringing the total for the year to date to £376m.

The result brings the combined residential and commercial auction total to £868m so far, this year.

The catalogue presented a broad choice for bidders. In particular, residential development opportunities proved popular. Lot 16, a freehold site in Clapham North, for example, offered on behalf of South London and Maudsley NHS Trust, sold for £3.44m from a guide of £3m. Adjacent to Lambeth Hospital and formerly used as a rehabilitation centre and office, it had potential for a scheme of townhouses.

Gary Murphy, Auctioneer and Partner at Allsop said, “This was a very varied catalogue by value and location. We experienced strong demand for well-priced stock. Good quality investment opportunities outside London were fought over.”