Auction House London achieved a sales success rate of 87.9% in 2014 - the highest figure reached by any property auctioneer in the UK last year.

According to the latest data, the average success rate in the residential auction sector is 80% - a figure exceeded by Auction House, which sold 87.9% of all homes it listed.

Coming in second and third were Clive Emson at 87% and Allsop Residential at 85.3%.

Auction House London also jumped from tenth to sixth place in the amount of money raised through sales, bringing in £94m in 2014, compared to £54m the year before.

Auctioneer Andrew Binstock puts his success down to hard work, “We are very proactive before each auction trying to find buyers for each property to secure interest in the auction room and in 2014 our direct marketing tactics clearly paid off.”

Auction House London has 93 lots listed in its next auction taking place on Thursday 26 February 2015 at the Everyman Cinema at Belsize Park, NW3. One highlight of this forthcoming sale includes a three bedroom un-modernised Victorian terrace house in Benson Avenue, East Ham with a starting guide price of £225,000.

Andrew Binstock added, “Buying at auction is the way forward with ever increasing stock and more accessibility to finance than ever.”