It was a successful second auction of the year for Allsop's Residential Auction Team as they sold a total of 213 lots with a success rate of 87%.

The auction, held at the Cumberland Hotel on Thursday 26th March, has raised £50.5m to date and the average lot size was £237,000.

Auctioneer Gary Murphy commented: "This is a very satisfying results. The auction was characterised by strong bidding from the start.

"In particular, lots unaffected by recent stamp duty changes, namely those under £2m, went very well. It's those of higher value that need careful treatment on pricing."

The highest selling property under the hammer was Lot 144, 12A Eton Grove in Blackheath, London SE13. This freehold detached building with potential for residential conversion sold for £1.65m.

However, there was post auction success in securing a sale for Lot 31, Eagle House in South Ruislip, which was guided at £3m+. The 10,000 sq ft freehold office building with permitted development rights for residential conversion for up to 22 flats sold after the auction.

Allsop's next residential sale will be held on Thursday 28th May at the Cumberland Hotel, Great Cumberland Place, London W1.