price – 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 price – 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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Large home with development potential has starting price of £99k in Bond Wolfe auction https://www.padmagazine.co.uk/press-releases/large-home-with-development-potential-has-starting-price-of-99k-in-bond-wolfe-auction/ https://www.padmagazine.co.uk/press-releases/large-home-with-development-potential-has-starting-price-of-99k-in-bond-wolfe-auction/#respond Fri, 02 Feb 2024 13:41:38 +0000 https://www.padmagazine.co.uk/?p=22589 A four-bedroomed home in Birmingham’s Hall Green, with potential for redevelopment, is coming up at Bond Wolfe’s next…]]>

A four-bedroomed home in Birmingham’s Hall Green, with potential for redevelopment, is coming up at Bond Wolfe’s next auction.

The semi-detached house at 87 Robin Hood Lane  will have a guide price* of £99,000+ in the livestreamed auction on Thursday 8 February.

James Rossiter, senior auction valuer at Bond Wolfe, said: “This extended property, standing back from the road behind a driveway and foregarden, may be suitable for further development, subject to obtaining the necessary consents.

“It would suit those looking for a larger family home, landlords looking to extend their portfolios or developers with an eye for something more ambitious.”

Downstairs the house has a porch, hall, two reception rooms, a kitchen, understairs cupboard, a side lean-to, utility room with a WC and access to the garage. Upstairs are the four bedrooms, a bathroom and a separate WC.

There are gardens and a garage to the rear, with driveway parking.

Gas central heating is fitted and there is partial double glazing

Mr Rossiter added: “This property is also in need of modernisation throughout, reflected by its very attractive starting price.”

The Birmingham property is just one of 192 lots that are appearing in Bond Wolfe’s next auction, which will start at the earlier time of 8.30am on Thursday 8 February.

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

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Overgrown trees hide family home with starting price of just £25k in Bond Wolfe auction https://www.padmagazine.co.uk/sales-marketing/overgrown-trees-hide-family-home-with-starting-price-of-just-25k-in-bond-wolfe-auction/ https://www.padmagazine.co.uk/sales-marketing/overgrown-trees-hide-family-home-with-starting-price-of-just-25k-in-bond-wolfe-auction/#respond Mon, 29 Jan 2024 15:31:04 +0000 https://www.padmagazine.co.uk/?p=22534 Bargain hunters are expected to be queueing up to bid for a Birmingham home hidden by overgrown trees…]]>

Bargain hunters are expected to be queueing up to bid for a Birmingham home hidden by overgrown trees which is coming up at Bond Wolfe’s next auction.

The three-bedroomed house at 95 Walkers Heath Road in Kings Norton will have a guide price* of just £25,000+ in the livestreamed auction on 8 February.

Gurpreet Bassi, chief executive at Bond Wolfe, explained that while some serious pruning was needed outside, the family-sized house comes with a valuable driveway and rear garage.

Mr Bassi said: “There are currently some overgrown trees that need to be cut back outside of this end-terraced home.

“Once that is done, the new owners will be presented with a property which stands back from the road with plenty of space on an L-shaped plot of land.

“This is likely to be a popular lot for first-time buyers with green fingers or for landlords looking to invest in extending their portfolios.”

There is a porch, L-shaped reception room and dining kitchen on the ground floor, with a landing, three bedrooms, bathroom and toilet upstairs, plus gas central heating.

However, Mr Bassi added: “As well as some garden work, this property is also in need of renovation inside, reflected by its very attractive starting price.”

The Birmingham property is just one of 192 lots that are appearing in Bond Wolfe’s next auction, which will start at the earlier time of 8.30am on Thursday 8 February. 

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

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Birmingham home halfway through renovations has attractive price in Bond Wolfe auction https://www.padmagazine.co.uk/news/birmingham-home-halfway-through-renovations-has-attractive-price-in-bond-wolfe-auction/ https://www.padmagazine.co.uk/news/birmingham-home-halfway-through-renovations-has-attractive-price-in-bond-wolfe-auction/#respond Mon, 29 Jan 2024 15:26:52 +0000 https://www.padmagazine.co.uk/?p=22528 Take a look at this Birmingham home coming up at Bond Wolfe’s next auction and you might think…]]>

Take a look at this Birmingham home coming up at Bond Wolfe’s next auction and you might think that a sledge hammer has been at work in the side passage.

Pop round the back and the vista hardly improves, with the garden of 73 Ivy House Road on the border of West Heath and Kings Norton looking like an unofficial landfill.

Peek inside the three-bedroomed, end-terraced house and these first impressions continue, with a collapsed kitchen ceiling, stripped walls in the bathroom, sitting room and one of the bedrooms.

But the truth behind these chaotic scenes is simply a property halfway through renovations that now needs a bit of tender loving care and investment to become a decent family home once again. 

Gurpreet Bassi, chief executive at Bond Wolfe, explained that the need for “complete refurbishment” was reflected in the guide price* of just £69,000+ that the lot will carry in the livestreamed auction on 8 February.

Mr Bassi said: “This is the kind of property that regularly catches the eyes of keen bidders attending our auctions because they know you can’t always tell a book by its cover.

“Yes, the side passage and some walls in the front garden have been dismantled and the bricks and rubble needs removing.

“But once this been taken care of, the end-terraced garden is actually quite a large space wrapping round the front, side and rear of the house.

“The state of affairs inside is simply what happens when people start a big decorating job, with various tired plaster and tiles in what I’d describe as the first stage of removal.

“Any potential new owner will of course want to come and check the property for themselves, and already we’re dealing with multiple enquiries from first-time buyers with DIY skills and landlords looking to extend their portfolios.”

The property on Ivy House Road has an open plan kitchen and reception room on the ground floor, with a landing, three bedrooms and a bathroom upstairs.

The viewing schedule for interested bidders, with no need to book in prior to attending, is:

  • Wednesday 24 January 2 to 2.15pm
  • Monday 29 January 11am to 11.15pm
  • Thursday 1 February 2 to 2.15pm, and
  • Tuesday 6 February 11 to 11.15am.

The Birmingham property is just one of 192 lots that are appearing in Bond Wolfe’s next auction, which will start at the earlier time of 8.30am on Thursday 8 February. 

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

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