are – Property & Development Magazine https://www.padmagazine.co.uk News & Reviews for the Residential Property Sector Wed, 21 Feb 2024 08:40:28 +0000 en-GB hourly 1 https://www.padmagazine.co.uk/wp-content/uploads/2023/11/favicon-pad-150x150.jpg are – Property & Development Magazine https://www.padmagazine.co.uk 32 32 The UK areas where homes are selling the most above list price  https://www.padmagazine.co.uk/sales-marketing/the-uk-areas-where-homes-are-selling-the-most-above-list-price-2/ https://www.padmagazine.co.uk/sales-marketing/the-uk-areas-where-homes-are-selling-the-most-above-list-price-2/#respond Wed, 21 Feb 2024 08:40:27 +0000 https://www.padmagazine.co.uk/?p=22844 New research has found the UK areas selling homes the most above list price, with East Renfrewshire taking…]]>
  • Homes in East Renfrewshire are selling the most above list price over every other area in the UK 
  • East Dunbartonshire is second in the rankings, with prices rising at an average of around £34,155 more than they were originally listed for 
  • Cambridge is selling homes the third most above list price 

New research has found the UK areas selling homes the most above list price, with East Renfrewshire taking the lead. 

The study by experts at moving platform Getamover.co.uk analysed historical Zoopla data for homes sold at a different amount than the list price. The average sale price, average listing price and the difference between the two were considered to reveal which areas see the most homes above their original list price and how much more on average.  

It found that East Renfrewshire has the highest number of properties sold above the list price in the UK. On average, a home in East Renfrewshire is sold for £272,187, but homes are listed initially at an average price of £235,479. This means that potential buyers who are looking to purchase a house in this area are seeing an average price increase of £36,708

East Dunbartonshire takes second place, with the average home in this area selling for £262,979 compared to its £228,824 list price. The average difference between its sale price and what it originally listed is £34,155

Cambridge comes third on the list, where homes sell for around £31,662 more than originally listed. The average sale price for a home in Cambridge is £779,219, but houses tend to be listed for around £747,557. 

In fourth place is Edinburgh, with an average selling price of £329,51; homes in this city tend to be listed at £298,887. The price increase tends to leave potential buyers needing an additional £30,627 more than anticipated. 

Completing the top five is East Lothian, where homes tend to be listed on average at around £255,219. Despite the original list prices in the area, homes typically sell for £284,675, which is £29,456 more than the original price range. 

The City of London is seeing houses sold on average at £807,500. However, homes are typically listed at around £849,983, which is a £42,483 reduction in price.  

On the other hand, Manchester is listing houses at £228,138 on average, but the properties on the market are selling at an average of £234,848, which is £6,711 more than the average list price. 

The top 10 areas in the UK where homes are selling the most above list price  

Rank Area Average Selling Price of a House (£) Average Listing Price of a House (£) Average Price Increase from Original Listing (£) 
East Renfrewshire                272,187               235,479                         36,708  
East Dunbartonshire                262,979               228,824                         34,155  
Cambridge                779,219               747,557                         31,662  
City of Edinburgh                329,514               298,887                         30,627  
East Lothian                284,675               255,219                         29,456  
Stirling                258,061               230,189                         27,872  
City of Glasgow                190,742               163,177                         27,564  
South Ayrshire                173,987               152,970                         21,017  
Kensington and Chelsea             3,103,765            3,083,947                         19,818  
10 Argyll and Bute                224,520               205,126                         19,394  

Commenting on the findings, David Burrows, head of Getamover.co.uk,

“Buying a home is expensive no matter where in the UK you choose to settle down, but a fantastic investment, this study gives huge insight into the most desired areas of the country and where you might find yourself having to pay rather a lot more than the original list price. 

Typically in the UK, the best time to purchase or sell a property is during spring or summertime. By avoiding the colder winter and autumnal months, the risk of having to move during adverse weather conditions like snow and ice is less likely, making a more seamless completion of the sale and getting you in or out of your new home in no time. 

Interestingly, despite London being the most populated city in the UK, it struggles to sell homes above the original list price compared to similar popular areas such as Manchester and Glasgow, which rank higher in the rankings. House prices are also affected by the seasons. Prices are higher at certain times of the year, often spiking in the summer months, especially July, in comparison to the colder months mainly after the Christmas period. It has been found that there are more buyers in the market in spring and summer which means prices do not need to be discounted.” 

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The UK areas where homes are selling the most above list price  https://www.padmagazine.co.uk/sales-marketing/the-uk-areas-where-homes-are-selling-the-most-above-list-price/ https://www.padmagazine.co.uk/sales-marketing/the-uk-areas-where-homes-are-selling-the-most-above-list-price/#respond Thu, 15 Feb 2024 10:39:24 +0000 https://www.padmagazine.co.uk/?p=22757 New research has found the UK areas selling homes the most above list price, with East Renfrewshire taking…]]>
  • Homes in East Renfrewshire are selling the most above list price over every other area in the UK 
  • East Dunbartonshire is second in the rankings, with prices rising at an average of around £34,155 more than they were originally listed for 
  • Cambridge is selling homes the third most above list price 

New research has found the UK areas selling homes the most above list price, with East Renfrewshire taking the lead. 

The study by experts at moving platform Getamover.co.uk analysed historical Zoopla data for homes sold at a different amount than the list price. The average sale price, average listing price and the difference between the two were considered to reveal which areas see the most homes above their original list price and how much more on average.  

It found that East Renfrewshire has the highest number of properties sold above the list price in the UK. On average, a home in East Renfrewshire is sold for £272,187, but homes are listed initially at an average price of £235,479. This means that potential buyers who are looking to purchase a house in this area are seeing an average price increase of £36,708

East Dunbartonshire takes second place, with the average home in this area selling for £262,979 compared to its £228,824 list price. The average difference between its sale price and what it originally listed is £34,155

Cambridge comes third on the list, where homes sell for around £31,662 more than originally listed. The average sale price for a home in Cambridge is £779,219, but houses tend to be listed for around £747,557. 

In fourth place is Edinburgh, with an average selling price of £329,51; homes in this city tend to be listed at £298,887. The price increase tends to leave potential buyers needing an additional £30,627 more than anticipated. 

Completing the top five is East Lothian, where homes tend to be listed on average at around £255,219. Despite the original list prices in the area, homes typically sell for £284,675, which is £29,456 more than the original price range. 

The City of London is seeing houses sold on average at £807,500. However, homes are typically listed at around £849,983, which is a £42,483 reduction in price.  

On the other hand, Manchester is listing houses at £228,138 on average, but the properties on the market are selling at an average of £234,848, which is £6,711 more than the average list price. 

The top 10 areas in the UK where homes are selling the most above list price  

Rank Area Average Selling Price of a House (£) Average Listing Price of a House (£) Average Price Increase from Original Listing (£) 
East Renfrewshire                272,187               235,479                         36,708  
East Dunbartonshire                262,979               228,824                         34,155  
Cambridge                779,219               747,557                         31,662  
City of Edinburgh                329,514               298,887                         30,627  
East Lothian                284,675               255,219                         29,456  
Stirling                258,061               230,189                         27,872  
City of Glasgow                190,742               163,177                         27,564  
South Ayrshire                173,987               152,970                         21,017  
Kensington and Chelsea             3,103,765            3,083,947                         19,818  
10 Argyll and Bute                224,520               205,126                         19,394  

*Please contact for the full table. 

Commenting on the findings, David Burrows, head of Getamover.co.uk,

“Buying a home is expensive no matter where in the UK you choose to settle down, but a fantastic investment, this study gives huge insight into the most desired areas of the country and where you might find yourself having to pay rather a lot more than the original list price. 

Typically in the UK, the best time to purchase or sell a property is during spring or summertime. By avoiding the colder winter and autumnal months, the risk of having to move during adverse weather conditions like snow and ice is less likely, making a more seamless completion of the sale and getting you in or out of your new home in no time. 

Interestingly, despite London being the most populated city in the UK, it struggles to sell homes above the original list price compared to similar popular areas such as Manchester and Glasgow, which rank higher in the rankings. House prices are also affected by the seasons. Prices are higher at certain times of the year, often spiking in the summer months, especially July, in comparison to the colder months mainly after the Christmas period. It has been found that there are more buyers in the market in spring and summer which means prices do not need to be discounted.” 

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Must-do home maintenance: these are the jobs to tackle in 2024 https://www.padmagazine.co.uk/lifestyle/must-do-home-maintenance-these-are-the-jobs-to-tackle-in-2024/ https://www.padmagazine.co.uk/lifestyle/must-do-home-maintenance-these-are-the-jobs-to-tackle-in-2024/#respond Fri, 19 Jan 2024 10:56:39 +0000 https://www.padmagazine.co.uk/?p=22388 Homeowners are being urged to get ahead of spring cleaning and give their property some much needed TLC…]]>

Homeowners are being urged to get ahead of spring cleaning and give their property some much needed TLC this new year. 

Home insurance comparison experts from Quotezone.co.uk are providing homeowners with a check list of new year home improvements. 

This comes after it is revealed a quarter of people don’t know that a lack of maintenance, or ‘tender loving care’ for their property could actually void their home insurance.  

A recent survey found 23% said they had no idea that if their property was damaged and there was evidence of lack of care, that their insurance is unlikely to protect them.

Many vital elements of a property need serviced at least once a year so January is a good time to kick off the new year by ensuring the home is healthy and ready for 2024. 

Helen Rolph, home insurance comparison expert at Quotezone.co.uk says:  “January is a great time of year to get your house in order, the decorations are cleared away and people want a fresh start, it’s ideal timing to tick off our checklist of key items in the home that need some extra TLC.

“Over the winter it can be tricky to keep an eye on what’s happening to your property, with the cold and dark evenings but we would urge people, when they get daylight hours at the weekend, to give the property a proper inspection.

Ideally check roof tiles, gutters and pipes and start booking up appointments to service key items like the boiler and the chimney to make sure the house is safe. 

“I know January can be tough, with 39%* saying it’s their most stressful month financially but homeowners need to safeguard their finances by making sure their insurance policies are intact and their home is protected.  A lack of maintenance to the property could risk invalidating the home insurance should they need to make a claim, leaving homeowners vulnerable.”

The team at Quotezone.co.uk has pulled together their January checklist of 5 key items in need of TLC;

  1. Check and service the boiler

Boilers require regular maintenance by a professional to make sure they are safe and efficient. December is the most common month for boiler breakdowns so homeowners need to make sure it’s serviced.  Some home insurance policies include boiler repair / replacement but chances are you have to add it as an extra – if it’s been years since your boiler was serviced and it breaks down, your insurance may not cover you as it wasn’t looked after properly. 

  1. Check and sweep the chimney

A chimney needs swept at least once a year to keep it safe and reduce the risk of fire, chances are over Christmas there were lots of cosy fires lit, adding to the soot build up – lack of care and maintenance to a property can render the home insurance invalid. 

  1. Check and clear the gutters

Blocked drains and pipes can lead to excess water, causing leaks, damp and flood damage.  Your gutters need checked regularly and cleared at least once a year to ensure rainwater is carried away from the building and down into the drains – any damage sustained to the property as a result of blocked gutters and drains could see your policy invalidated due to lack of maintenance.

  1. Check and seal the roof

The stormy Christmas season could leave you with broken or missing roof tiles and slates, check for any issues and have them sealed as soon as possible to prevent leaks and water damage.

  1. Check and insulate pipes

Many people love a break to the heat in January, make sure if you’re away on holiday that the unoccupied details are accurate on your home insurance – if a frozen pipe bursts while you’re away for two weeks and your policy only covers you for seven unoccupied days, then you may not be protected.  It might also be sensible to check key water pipes have insulation before jetting off.  

As a price comparison site, Quotezone.co.uk helps millions of people in the UK save millions of pounds every year on homecar and personal finance products, it’s never been more important to compare and find savings.  CompareNI.com can help those living in Northern Ireland.

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