Savills has raised more than £49m at its first February auction, representing a 40% rise on total value earned year-to-day compared with 2025.
Flats 1-14 and houses 15-19, Pines Court, East Street, Blandford Forum, Dorset
Across the two-day auction, 186 commercial, residential and mixed-use lots were sold, showcasing a 78% success rate.
The standout sale was a development opportunity in Blandford Forum, Dorset, comprising 14 self-contained one-bedroom flats and two five-bedroom houses, which achieved a hammer price of £1.75m.
Meanwhile, in Battersea, south-west London, a mid-terrace building with two flats and a rear garden fetched £1.005m.
Additionally, a three-bedroom ground and lower ground-floor flat with a private rear garden in Notting Hill, west London, sold for £878,000.
Commercial assets helped Savills secure £13.4m, of which the star lot was a leasehold industrial estate in Rotherham, South Yorkshire, comprising a 128,082 sq ft detached industrial and distribution unit. It sold prior to the auction for a sum above its £2.5m guide.
Finally, in Bristol, a vacant freehold office, with planning permission granted for a change of use and conversion into eight residential dwellings, sought a £964,000 hammer price.
Nicholson Boyd, head of Savills commercial auctions, said: “The first of our February auctions delivered strong results, with notable demand for well‑priced flats and houses across London and key regional markets.
“Mixed‑use properties and assets offering diversification through value‑add potential also continued to perform well, attracting investors drawn to dual income streams and a range of asset management opportunities.
“We also saw sustained appetite for yield‑producing commercial assets, with buyers prioritising reliable income and long‑term security.
“Looking ahead, we expect demand for our online auctions to remain strong in the coming weeks, as sellers look to transact before the end of the financial year. Our next auction catalogue has already launched, featuring more than 290 lots.”
Savills’ next auction will be held on 24 and 25 February.
