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Investors target ‘affordable’ properties offering ‘competitive yields’

Property investors turned out en mass as Allsop held its latest residential property auction in central London.

The sale, which took place at The Cumberland Hotel on Great Cumberland Place, featured 330 lots, and despite political uncertainty, the auction room remained buoyant, although investors were highly selective, not to mention price-sensitive.

More than £52m was raised as investors snapped up a wide selection of properties, including lots with redevelopment potential and high-value luxury properties from across the country, but ultimately investors sought good quality and value for money.

Properties offered for sale in Northern Ireland, Liverpool and Leeds, performed particularly well, outstripping lots across the rest of the country.

The best performing region, Northern Ireland achieved a 91% success rate, compared to the July auction average of 73%.

Richard Adamson, partner at Allsop, commented: “Lots in the regions, particularly Northern Ireland and the North stormed ahead of their South-East counterparts as investors turned out in high numbers to purchase stock offering the more competitive yields and more affordable capital values.

“Despite political uncertainty, there was good appetite in the room with sensitively priced properties performing the best.”

At a glance

Property Type Yields Average Lot Size
Assured Shorthold 7.63% £239k
Ground Rents (80 yrs+) 3.27% £64k
Regulated 4.41% £162k
Property Type Average Lot Size for Single Vacant Units
Within the M25 £388k
UK £212k
UK excluding M25 £191k

The full results can be viewed by clicking here

  • Mark Hempshell

    One of the strangeisms of the auction business then that those wishing to invest in the north and Northern Ireland have to buy their properties in London!

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