Allsop, the UK’s largest property auction house, raised over £105m in total over two days through its separate March commercial and residential auctions.

The commercial auction kicked off the week, raising £60m from the sale of 70 lots at a success rate of 88%.

The largest lot sold was a Lymington town centre supermarket investment let to Tesco, which sold for £2.59m reflecting a 7.6% net initial yield.

Of the 70 properties sold, 23 achieved prices above £1m and the average lot size was £857,000. Retail assets continued to dominate, accounting for 67% of lots sold (63% by value).

Regional properties also performed well, raising £27.9 million from 39 lots sold outside London and the South East.

The auction again attracted a highly experienced and familiar buyer base, with 80% of respondents having previously purchased at auction and 71% using cash to complete their acquisition.

The following residential auction achieved a 90% success rate, with 208 lots sold, raising over £45m.

The biggest sale was a leasehold three-bedroom penthouse in South Kensington, which sold for £3.26m – over 10% above the prior private treaty offer. The auction generated a huge amount of interest especially on social media.

This brings the total raised across Allsop’s commercial auctions this year to over £100m and the residential auctions this year to over £157m.

A spokesperson says: “Despite recent unease in financial markets, the positive sentiment we witnessed in February continued through to our March sale, with strong prices achieved across a wide range of assets.

“Cash buyers remain highly active and are prepared to bid competitively when they see value.

“However, realistic pricing has never been more important. These results mark a strong start to 2026 and bode well for our May auction.”