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HomeProperty Auction Houses

About Allsop Residential Property Auctions

Allsop Residential are a large, national auction house based in London. They were established on Aug 28, 1987.

Where do Allsop Residential Property Auctions cover?

Allsop Residential are a national auction house focused on the London.

Greater London is their biggest county. They've auctioned 865 properties here in the last 12 months, accounting for 43% of their business.

Allsop Residential Property Auctions are a national auction house. London is the biggest region for them.

They've auctioned 814 properties here in the last 12 months, accounting for 40% of their business.

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Tip: If you’re selling your house at auction it’s a good idea to look for an auction house with a strong focus on your area.

What types of properties do Allsop Residential auction?

Allsop Residential mainly focus on selling residential properties, which account for 82% of their listings.

Allsop Residential Property Auctions mainly focus on selling land, which accounts for 82% of their listings.

They also have a strong presence in selling commercial property, which accounts for 11% of their listings.

They also have a strong presence in selling land, which accounts for 11% of their listings.

What price range do Allsop Residential specialise in?

For residential sales, their average selling price is £339487.

This is lower than the national average of £717968, which means they generally cater to the lower end of the market, or focus on regions where property prices are generally cheaper.

This is lower than the national average of £717968, which means they generally cater to the upper end of the market, or focus on regions where property prices are more expensive.

This is lower than the national average of £717968. This either means they don't have a particularly strong focus on the upper or lower end of the market, or means that they focus on regions where property prices are in line with the national average.

£1 – £100k
30%
£100k – £250k
28%
£250k – £500k
24%
£500k – £1m
12%
£1m +
6%

Allsop Residential Auction Performance

We break performance into 3 key parts: Market Share, Succes Rate, and Customer Satisfaction.

Market Share

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Market share is the percentage of total auction sales that are made by a single company.
49.7%
4

Allsop Residential are the #1 largest auction house in England & Wales.

Allsop Residential are the 4 largest auction house in England & Wales.

They sold 1063 properties over the last 12 months, giving them a market share of 49.7%. (Nationally, a total of 2140 properties were sold by auction over the last 12 months).

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Tip: When you’re deciding which auction house to sell with, a larger market share can mean a safer bet.

Don't rule out smaller auction houses though. Your experience with a company ultimately comes down to the person you deal with there, rather than the size of the company. Read more here.

Success Rate

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Auction houses don't sell every property they take on. The success rate is the percentage of their properties they successfully manage to sell.
53%
17

Allsop Residential have the #1 highest success rate among auction houses in England & Wales.

Allsop Residential have the 17 highest success rate among auction houses in England & Wales.

They successfully sell 53% of the properties they list, which is higher than the national average of 48%.

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Tip: A higher success rate usually means an auction house is more realistic with their valuations, are less likely to take on customers with unrealistic expectations, and may be more efficient at generating interest and bids from buyers.

Reviews

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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
6 Reviews
6 Review

Allsop Residential Property Auctions have been reviewed 6 times in the last 12 months, with an average score of 1.7/5. Read more about their reviews here.

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Tip: Review scores are important to consider, but it’s important know what customers are actually saying as well. We outline the overall themes of their reviews further down this page.

Allsop Residential Auction Fees

2%
+ vat

Allsop Residential charge a standard auction commission fee of 2% + vat.

2%
+ vat

The auction fee Allsop Residential charge depends on the selling price. They charge:

  • 2% + vat on properties up to £.
  • % + vat on properties up to £.
  • % + vat on properties above £.
  • 2% + vat on properties up to £.
  • % + vat on properties above that.

Commission Fee

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This is the main fee for the service. It's either paid by the buyer, or directly from the sale proceeds, so sellers never have to pay this fee out-of-pocket.
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Who pays the commission fee?

The commission fee is paid by the Seller.

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Is there a minimum fee?

The commission fee is subject to a minimum of £ + vat.

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Tip: Although the buyer pays the fee with Allsop Residential, sellers shouldn't think of it as a "free service" for them. Whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property, reducing the amount the seller ends up with.

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Tip: Although the buyer pays the fee with some other auction houses, you shouldn't necessarily think of those as "cheaper than" Allsop Residential, who charge the sellers the fee. This is because whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property.

Buyer's Premium

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Auction houses often charge the successful bidder an additional fee, called a "Buyer's Premium".
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Are buyers also charged a fee?

Buyers pay an admin fee of % + vat, subject to a minimum of £1040 + vat.

Buyers pay an admin fee of £1040 + vat.

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Are buyers charged an additional fee on top of the commission?

Buyers pay an additional "buyer's premium" of % + vat, subject to a minimum of £1040 + vat.

Buyers pay an additional "buyer's premium" of £1040 + vat.

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Tip: Buying at auction? More than 25% of buyers get caught out by unexpected fees. Don't be one of them. Download our free checklist and learn where to spot hidden auction fees.

Other Fees For Sellers

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We've done our best to uncover additional fees charged by Allsop Residential. These can change over time though, so always be careful to check the paperwork closely.
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Are there auction entry fees?

Sellers pay an up-front auction entry fee of £500 + vat. This is non-refundable, even if the property fails to sell at auction.

Allsop Residential Property Auctions do not charge auction entry fees. Most auction houses charge around £300.

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Do they charge withdrawal fees if you change your mind?

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Are there any hidden costs or other fees?

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What about legal costs?

Remember that you’ll always have legal fees to pay too. These are separate to the auction fees, and Allsop Residential Property Auctions don’t have any control over these.

Auction legal fees come in two parts: An up-front element for the legal pack, and the final legal fee, which is paid on completion of your sale.

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Tip: No auction entry fees with the auction houses we recommend. Many auction houses willing to negotiate on this.

Allsop Residential Reviews

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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
0/5 out of 0 reviews
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2.3/5 out of 3 reviews
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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
1/5 out of 3 reviews
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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
0/5 out of 0 reviews

Good things people say (Pros) 

What can be improved (Cons) 

How Allsop Residential work

Allsop Residential auction process

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What types of auction do they run?

Allsop Residential run online traditional property auctions which tend to run every 5 to 6 weeks.  

With traditional auctions, a non-refundable 10% deposit is paid, and contracts are exchanged immediately.  The buyer must then complete within the agreed completion period, which tends to be 20 working days.

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What happens on auction day?

The auction will be held online, where you will be able to see the number of people viewing your property and watch the bidding unfold in real time.

If the property reaches the agreed reserve price, then the lot will be sold with an immediate exchange of contracts.  The buyer will have to pay a 10% deposit immediately and must complete within the agreed completion period (which is usually 20 working days).

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What happens if your property doesn't sell at auction?

If the property fails to sell at auction your contract will automatically extend for an additional 45 days. During this time, Allsop Residential will try and tie up a post-auction sale for you.

You can also enter the lot into the next available auction at no additional cost.

If the property is still unsold after those 45 days, you’re released from the contract and can move on.

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How Allsop Residential market your property

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How will Allsop Residential advertise your property?

Allsop Residential will advertise your property in their online catalogue, as well as on the major property search portals and their website.  You will also receive a “for sale by auction” board where appropriate.

Allsop run extensive online advertising campaigns and run printed adverts in key publications, as well as targeted marketing to individual buyers and local developers.    

Your property details will be sent to Allsop’s website database of over 70,000 potential bidders.

The advertising process is carried out over a period of 3 weeks prior to the auction date to ensure your lot is visible and available to all potential buyers.

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How do they get property photos?

One of Allsop’s surveyors will visit the property and take photographs and measurements.

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Will your listings include a floor plan and video walkthrough?

Video tours and floor plans are not included as standard but can be arranged if required at an additional cost.

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How do Allsop Residential conduct viewings?

A viewing agent will carry out between 4 – 5 viewings on your behalf in the run up to auction.

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Other questions

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How do Allsop Residential value your property?

A member of the auction team will carry out a desktop appraisal to work out the market value of your property.

They will then work with you to come up with a reserve price that you are happy with, and you can then decide whether you’d like to move forward.

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How long is the contract with Allsop Residential?

The contract runs up until the auction date (usually around 4-6 weeks away). It extends for an additional 45 days if the property fails to sell.

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More info coming soon!

We're adding more information all the time. Check back soon, or contact us right now for advice. Hit one of those big buttons to get started.

Allsop Residential Auction Events & Results

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* = Estimated based on sold prices available

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