selling – 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 selling – 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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Increasing Your Property’s Value: Simple Tips Before Selling https://www.padmagazine.co.uk/sales-marketing/increasing-your-propertys-value-simple-tips-before-selling/ https://www.padmagazine.co.uk/sales-marketing/increasing-your-propertys-value-simple-tips-before-selling/#respond Fri, 16 Feb 2024 05:57:20 +0000 https://www.padmagazine.co.uk/?p=22774 As homeowners consider selling their property, it’s crucial to maximise its value. Neil McKenzie, finance property expert at Halton…]]>

As homeowners consider selling their property, it’s crucial to maximise its value. Neil McKenzie, finance property expert at Halton Stairlifts gives his straightforward, effective strategies to enhance your home’s appeal and increase its market value.

Spruce Up the Exterior

First impressions count. A tidy, attractive exterior can significantly boost your property’s curb appeal. Consider repainting your front door, maintaining the garden, and ensuring the driveway and paths are clean and well-kept. Small efforts like these can make a big difference in how potential buyers perceive your home.

Refresh the Paint

A fresh coat of paint in neutral colours can transform your home, making it appear brighter, bigger, and more inviting. Stick to light, airy colours to help potential buyers envision themselves in the space. This simple update can have a considerable impact on your home’s appeal.

Fix and Repair

Attend to those lingering repair jobs you’ve been putting off. Fixing leaky taps, squeaky doors, and replacing broken tiles can go a long way in showing that your home has been well-maintained. These minor fixes can prevent buyers from being put off by small issues.

Declutter and Clean

A clutter-free and clean home is more appealing and can make rooms appear larger. Take the time to declutter each room, removing personal items and excess furniture. A thorough clean, especially in high-traffic areas like kitchens and bathrooms, can make your home more attractive to buyers.

Update Lighting

Good lighting can enhance the mood of your home, making it feel warm and welcoming. Replace any outdated fixtures and consider adding lamps to brighten darker corners. Ensuring your home is well-lit for viewings can make a positive impression on potential buyers.

Invest in Key Upgrades

If your budget allows, investing in key upgrades, especially in the kitchen and bathroom, can significantly increase your property’s value. Even small changes, like replacing cabinet handles or upgrading fixtures, can modernise these spaces without a full renovation.

Energy Efficiency Improvements

Making your home more energy-efficient is not only good for the environment but also appealing to buyers. Simple changes like sealing windows, adding insulation, or upgrading to a more efficient boiler can improve your home’s energy rating and appeal.

Obtain Planning Permission

If you have potential for extending or converting space in your home, obtaining planning permission in advance can add value. It saves potential buyers the hassle and uncertainty, making your property more attractive.

Stage Your Home

Finally, consider staging your home for viewings. This doesn’t necessarily mean hiring a professional stager, but arranging furniture to maximise space and showcase your home’s best features can make a significant difference. Ensure each room has a clear purpose and is presented in the best possible light.

Finance property expert from Halton Stairlifts, Neil McKenzie says: 

In conclusion, while the specific value added to your property from making improvements can vary, a well-considered combination of the enhancements outlined could, on average, contribute to an increase in your property’s value by up to 10-15%. This estimate takes into account both minor and major upgrades, from cosmetic touch-ups like painting and decluttering to more significant investments like kitchen renovations and energy efficiency improvements.

Remember, the key to maximising your return on investment is to focus on changes that enhance the appeal and functionality of your home, align with current buyer preferences, and are cost-effective relative to the expected increase in property value. Consulting with a local estate agent can also provide personalised advice tailored to your property and the local market, ensuring you invest your time and money wisely.

By thoughtfully applying these simple tips, you’re not just improving your home; you’re investing in its future saleability and potential to attract higher offers, making your next step on the property ladder that much easier.

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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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Hampstead’s The Clay Yard is highest selling development in London Q4 2023 https://www.padmagazine.co.uk/sales-marketing/hampsteads-the-clay-yard-is-highest-selling-development-in-london-q4-2023/ https://www.padmagazine.co.uk/sales-marketing/hampsteads-the-clay-yard-is-highest-selling-development-in-london-q4-2023/#respond Fri, 19 Jan 2024 10:48:08 +0000 https://www.padmagazine.co.uk/?p=22382 According to new research, The Clay Yard in Hampstead was the highest selling development over £1,000 psqf. for…]]>

According to new research, The Clay Yard in Hampstead was the highest selling development over £1,000 psqf. for domestic buyers in London during Q4 2023* says global property consultants Knight Frank.

Over 50% of the homes at The Clay Yard have now been reserved since its launch in March 2023, with more than 65% of the first building – The Mansions, now sold ahead of its completion in 2024. Sustainability has been a focus in the construction of The Clay Yard, with various technologies utilized to minimize environmental impact and maximize efficiency.

Priya Black, Partner at Knight Frank and Head of Baker Street New Homes said: “We are thrilled to see The Clay Yard nearing completion in 2024, with residents soon moving into their new sustainable homes and establishing a vibrant community in this peaceful corner of West Hampstead.

“The Heights will be the final residential building to launch at The Clay Yard. At eleven stories, it will be one of the tallest buildings in the area, offering scenic views across Hampstead and Central London. We anticipate the launch occurring in April 2024 and given the levels of sales seen recently, expect these homes to sell out very quickly.”

Michael Stone, Chief Executive Officer from joint agent Stone said; “We are delighted The Clay Yard has launched so successfully, outselling competition across London. West Hampstead continues to be a huge draw for young professionals and families along with buy-to-let investors. The release of the next phase (The Heights) will no doubt attract further interest, as the development reveals itself as a delightful destination and community to be part of.”

The Clay Yard offers a selection of 1, 2 & 3-bedroom homes starting from £650,000.

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