Top 10 Best and Worst Places to Sell a House in England and Wales

Top 20 worst and best places to sell a house in England and Wales

2019 has been a challenging year for the UK property market so far. Whilst some areas of the country have been able to maintain positive and buoyant conditions, many have continued to feel the impact of market uncertainty brought about by political turbulence and economic challenges.

How positive homeowners feel about the property market will depend largely on which area of the country they live in.

With average time on market currently ranging from 101 days in the most buoyant markets, to twelve months in more challenging areas, Quick Move Now has once again teamed up with home.co.uk to bring you the ten best and worst place to sell a property in England and Wales.

Top 10 WORST places to sell a property:

  1. Knightsbridge – property spends an average of 363 days on the market
  2. Mayfair – property spends an average of 354 days on the market
  3. Marylebone – property spends an average of 346 days on the market
  4. South Kensington – property spends an average of 331 days on the market
  5. Belgravia – property spends an average of 329 days on the market
  6. Soho – property spends an average of 325 days on the market
  7. Strand – property spends an average of 325 days on the market
  8. Chelsea – property spends an average of 323 days on the market
  9. Cromwell Road – property spends an average of 318 days on the market
  10. Paddington – property spends an average of 316 days on the market

Top 10 BEST places to sell a property:

  1. Swindon – property spends an average of 101 days on the market
  2. Strood – property spends an average of 101 days on the market
  3. Gloucester – property spends an average of 102 days on the market
  4. Ashford – property spends an average of 104 days on the market
  5. Rainham – property spends an average of 106 days on the market
  6. Basingstoke – property spends an average of 106 days on the market
  7. Coventry – property spends an average of 109 days on the market
  8. Tamworth – property spends an average of 110 days on the market
  9. Northampton – property spends an average of 111 days on the market
  10. Rochester – property spends an average of 112 days on the market

Best and worst places to sell

 

 

Quick Move Now’s Managing Director, Danny Luke, commented:

It is clear from these results that it is now taking longer to sell a property.  When we looked at the best and worst places to sell a property in 217, the top spot, Bedford, had an average time on market of just 76 days.  That figure is 25 days less than the current top spot held by Swindon and Strood.  At the slower end of the market, in 2017 Sunderland took the top spot with 295 days; 68 days less than Knightbridge’s current average time on market of 363 days.

Even in the best areas to sell a property it is taking longer, and homes are on the market for an average of well over three months.

For comparison, in March 2017, properties in Swindon spent an average of 81 days on the market. By July last year that figure had risen to 89 days, and today it stands at 101 days.

If you are hoping to sell your property in the current market, there are several things you can do to improve your chances of securing a buyer.  Firstly, make sure your property is competitively priced; it’s a buyer’s market, so you need to ensure your home stands out against the competition.  You also need to ensure your property is looking its best and that you choose an estate agent with a good reputation who will proactively market your property.  If you’re still struggling to sell, or if you can’t afford to wait to sell your property through an estate agent, don’t be afraid to consider alternative ways to sell your property.  Property auctions and genuine cash home buyers can both provide quicker alternatives to the open property market and can be a great option if you are working to a deadline.

Having a property that takes a long time to sell is undoubtedly frustrating, but it seems inconvenience is not the only negative impact homeowners face.

According to research by HomeOwners Alliance, which questioned 5,000 estate agents, homes that sell in the first 12 days are most likely to achieve their maximum asking price.

The same research suggested that after four weeks on the market, the price achieved drops to around 98 per cent of the original asking price. This drops further to 96 per cent after eight weeks, and below 94 per cent after three months on the market.

In monetary terms, if a property remains on the market for three months, the average homeowners could expect to receive an average of £13,603 below their asking price, and homeowners in London can expect this figure to rise to more than £30,000 less than their asking price.

This content was written by Quick Move Now
Published on 24th April 2019
Last updated on 24th April 2019

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