Allsop releases catalogue ahead of largest December residential auction sale in 14 years

Allsop, the leading property consultancy and the UK’s largest property auction house, has released the catalogue for its final auction sale of the year. Allsop’s December residential auction will see 390 lots go under the hammer, 20 of which are guided at £1m or above.

The latest catalogue features a mixture of investment and development opportunities across the UK, including houses and flats, former commercial spaces and vacant sites. Lots on offer range from a former island fortress, built in the wake of the Napoleonic wars, off the cost of Portsmouth, which could be turned into a luxury resort or casino, to a self-contained flat in Chelsea.

Allsop’s most recent residential auction, arranged over three days in November, ultimately raised more than £80 million. Combined with its October commercial auction less than 10 days before, Allsop raised more than £135 million through its auction teams reinforcing the depth of its client base domestically and internationally.

Richard Adamson, partner and auctioneer at Allsop, said: “Following our record-breaking three-day November auction sale which raised over £80m, with a success rate in excess of 86%, we are delighted to release another stellar catalogue. This is our largest December catalogue for 14 years and the auction will once again be live streamed, this time over two days. The success of our last sale demonstrates that despite the headwinds of uncertainty within the wider economy, there is still good appetite from residential property investors across the country.”

Auction highlights include:

• Lot 27 [Brondesbury, London]: a long leasehold commercial space with consent to convert to 13 self-contained flats, extending to approximately 8,839sq ft, the highest value lot guided at £3.5m+
• Lot 30 [off Portsmouth Harbour]: a freehold historic Victorian former island fort, currently comprising an extensively renovated residence arranged over three floors and extending to 33,000sq ft, guided at £1.75m+
• Lot 70 [Suffolk]: a grade II listed 17^th century building in Suffolk with consent to create a 72-bedroom boutique hotel, guided at £1.75m+
• Lot 17 [Chelsea, London]: a long leasehold self-contained two-bedroom ground floor flat in Chelsea, London, extending to approximately 1,467sq ft, guided at £1.6m+

Allsop’s next residential auction is taking place on 14^th and 19^th December 2023 at via live stream. The complete catalogue can be viewed for day one and day two here.