10:16 AM, 2nd December 2015, About 7 years ago 2
The hardest place to sell a house is London’s W postcode, according to new research which has examined 8,500 house sales.
The London postcode includes the exclusive districts of Mayfair and Kensington where the average price of a house exceeds £3m.
London homes require an average of 20 viewings, while vendors in Wembley and Ilford complete the bottom three on 22 and 23 viewings respectively, according to online estate agent House Network.
The study found that 6 out of 10 slowest selling postcodes were within the M25 and the capital is responsible for all three areas found to be the hardest to sell a property in.
In comparison, homes in the North of England require an average of just 11 viewings per sale.
A spokesperson for Discount Landlord said: “This research gives a clear indication as to where landlords who are looking to add to their property portfolio can quickly do so. Landlords must remember that each new property they buy needs to be insured with specialist landlord insurance.”
With houses viewed just six times before they are bought, Carlisle is the easiest place to sell a home in the UK. Vendors in Glasgow, Wrexham and Perth are not far behind with all averaging seven viewings.
Top 10 fastest selling areas (average viewings per sale)
1. Carlisle 6
2. Glasgow 7
3. Middlesboro 7
4. Perth 7
5. Torquay 7
6. Wrexham 7
7. Darlington 8
8. Doncaster 8
9. Dorchester 8
10. Hull 8
Top 10 slowest selling areas (average viewings per sale)
1. Ilford 23
2. Wembley 22
3. West London (W postcode) 20
4. Dumfries 19
5. Southall 18
6. Sutton 17
7. Twickenham 16
8. Iver 16
9. North London (N postcode) 16
10. Croydon 16
The above figures are from House Network click here
We can GUARANTEE to beat any like for like quotation for landlords insurance. Operated on behalf of Property118 by The Property Insurer in conjunction with Discount insurance. What’s more, by using our recommended Landlords Insurance providers you will also be helping to fund the running costs of Property118.com so you save money and our community benefits too. Everybody is a winner.
Previous ArticleBarclays to increase stress testing after Summer budget tax relief cuts to Landlords
Next ArticleBought a property with tenants in situ