Which location takes just 13 days to sell a property?

Which location takes just 13 days to sell a property?

The latest report and research from Home.co.uk has revealed which locations take the shortest time to sell.

Properties in Peterborough and Milton Keynes are selling faster than anywhere else in the country, latest research by Home.co.uk has found, in a study of property sales over a 180-day period. It takes a median average of just 13 days to agree a property sale in these two towns: a faster timescale than anywhere else in Britain.

A key factor is the two towns' easy commute to London, as homebuyers and investors alike look to move out of the capital in search of better value. Some next-time buyers are cashing in on high London prices, whilst others are simply priced out of the capital.

Bristol is another area where the property market is red hot. The West of England city has grabbed five out of the top ten postal districts in Home.co.uk's property hotspot list of fastest-selling areas outside of Greater London.

This includes the BS2 postcode area, which is next to the city centre's university, suggesting that the buy-to-let market for student accommodation is a strong motivator for buyers in Bristol.

The continued interest in investing in student accommodation is also a factor in the Woodley area of Reading being named another property hotspot. In this area of the city, which is close to Reading University, it takes just 15 days to sell, in terms of the median average.


Suburban Glasgow is another property hotspot. Clarkston and Giffnock, which are both affluent areas to the south of the city centre, take two top ten spots in terms of median average time to sell outside of Greater London.

Greater London's property hotspots are also dominated by suburban areas, showing heightened interest in commuter belt homes.

But while ten areas outside of Greater London have a median average time to sell of 15 days or less, just two areas of the capital, Uxbridge and Sidcup, can boast such a quick turnaround.

This latest Home.co.uk research shows that properties in the UB7 area of Uxbridge, near to Heathrow Airport, and the DA15 area of Sidcup take only 15 days to sell.

Sidcup takes one further Greater London top ten property hotspot place, with nearby Dartford claiming two places and Bexley, which is also near to Sidcup, bagging another spot.

The remaining top ten places also show how popular such commuter belt districts are. Sutton has two postal code areas ranked among this elite group, while Romford and Kingston-upon-Thames claim the remaining top ten places in terms of median average time on the market.

Doug Shephard, director at Home.co.uk, commented: “Our figures show that the really hot areas in the current property boom are now outside of the M25. These top sellers' markets are typically well-to-do districts where already premium prices are going through the roof, as buyers compete for the very limited supply of properties for sale.”

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Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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