If you live here, you’ll really struggle to sell your home right now
New research has shed light on the best and worse areas in which to sell
With the current coronavirus crisis, selling a house might not be at the forefront of many people’s minds. But data suggests that the best time to sell is between the months of March and June — AKA now.
Related: Living on a colourful street could add this much to your house price, research reveals
Of course, timing isn't everything to consider and new research has shed light on some of the best and worst areas for selling houses at the moment.
GetAgent.co.uk has pulled data from major property listing portals and cross-referenced them with the Land Registry’s proprietary algorithms to see which areas have performed the best and worst, in regards to sales.
The worst place to sell a house right now is...
The findings show that Copeland in western Cumbria ranked as the worst place to have sold in the UK over the past year with just 72.7 per cent of sellers achieving their asking price. Some of the other areas which performed badly were Pendle (at 74 per cent), Pembrokeshire (at 74.3 per cent per cent) and Burnley (at 75.1 per cent).
On the flip side of things, the best place to have sold a home was Preston where sellers achieved an average sold price of £214,325 — 121 per cent of the average asking price of £177,177.
Kingston Upon Hull appears to be another great place to sell, with the average sale 120.9 per cent of the average asking price of £118,857. Other top performing areas were Sheffield, Southampton, Barking and Dagenham, Northampton, Newham, Sunderland and Wigan.
Get the Ideal Home Newsletter
Sign up to our newsletter for style and decor inspiration, house makeovers, project advice and more.
In the capital, Haringey, Islington, Hammersmith and Fulham, Tower Hamlets, Ealing, Hillingdon, Brent, Bexley, Sutton, Lewisham and Waltham Forest all saw the average sold price exceed the average asking price. But the City of London, on the other hand, saw just 78.9 per cent of asking price achieved, along with Camden (at 81.9 per cent) and Westminster (at 84.8 per cent).
For the UK on the whole, the average sold price came in at 96 per cent of the average asking price — which is only a drop of 4 per cent from seller price expectations.
-
‘Städdag’ is the Swedish cleaning method I’ve been using to clean my home for months — this is why I’ll never clean any other way
The Scandinavians (and now me) swear by it
By Lauren Bradbury
-
Dunelm has just launched a heatwave-busting bed sheet that's only £9 – it will help eliminate hot and sweaty nights during the heatwave
Too hot and sweaty at night? Your bed sheets could be the problem, and Dunelm has a solution
By Amy Lockwood
-
The one-year decluttering method is the key to clearing garden clutter this bank holiday – experts say it’s one of the simplest approaches
Banish garden clutter with this simple and effective method
By Kezia Reynolds