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  • Property-a-holics

    Worst and best places to sell a property

    I can across some new research that suggested the following:

    Top 10 worst places to sell a property:

    Rotherham – property spends an average of 279 days on the market

    Knightsbridge – property spends an average of 277 days on the market

    Sunderland – property spends an average of 277 days on the market

    Mayfair – property spends an average of 272 days on the market

    North Shields – property spends an average of 268 days on the market

    Marylebone – property spends an average of 268 days on the market

    Soho – property spends an average of 266 days on the market

    Charing Cross – property spends an average of 265 days on the market

    South Shields – property spends an average of 264 days on the market

    Strand – property spends an average of 262 days on the market

    Top 10 best places to sell a property:

    Rainham – property spends an average of 87 days on the market

    Bristol – property spends an average of 88 days on the market

    Strood – property spends an average of 89 days on the market

    Swindon – property spends an average of 90 days on the market

    Northampton – property spends an average of 93 days on the market

    Waterlooville – property spends an average of 94 days on the market

    Coventry – property spends an average of 94 days on the market

    Basingstoke – property spends an average of 94 days on the market

    Rochester – property spends an average of 96 days on the market

    Stevenage – property spends an average of 97 days on the market

    http://www.propertyreporter.co.uk/proper...wales.html

    It seems from this that the extremes of the market - the very top and the very bottom - are where people are struggling to sell.

    Also almost 200 days difference between the fastest sale and the slowest sale. Imagine if your property was void what a difference that would make!

    Interesting, no?

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    Wow!  Rotherham to Knightsbridge, Sunderland to Mayfair  -  from one extreme to another!

    I'm surprised Oxford doesn't figure in the fastest sales category, my daughter lives in a commuter village and homes are on the market only a few days down there.

    Thanks for that info, it's really interesting.

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    All comments are made in good faith and are given to the best of my knowledge and experience but I would advise you to consult an expert before making important decisions and I accept no liability for comments made.

    Thanks for sharing - quite interesting although not much of a surprise. A whole years rent in Rotherham might be 15% of the value of the property whereas in Knightsbridge is likely to be only 2.5-3% of value so people can afford to wait for a good offer, they often have the money to be able to wait for a good offer too. 


    Is there a website that has this info and that updates it regularly? that would be a great addition to my due diligence process.

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    regards Andrew Peers - property investor / sourcer - 07912674181

    a.peers@seamlessproperty.co.uk

    Property Redress Scheme Number 011436     NLA member 174404