"Gloucester home-sellers losing over £1,000 due to undesirable features in their homes"
Gloucester and Belfast have been found to have the most features which would put a potential viewer off from renting/buying - sellers in both cities are potentially losing over £1,000
The report questioned 1,850 UK respondents, asking them how much they would reduce the asking price of a property per feature. As well as finding out how much those selling a property could be losing out on.
How much buyers are reducing from the asking price
When home-buyers were asked how much they would reduce an offer by for undesirable features, the below was identified as the average price:
|
Choice |
Average price to reduce (£’s) |
|
Old and dated Kitchen |
697.32 |
|
Overrun/messy garden |
333.49 |
|
Lack of storage |
360.96 |
|
Lack of natural light |
450.61 |
|
Run down carpets/flooring |
476.50 |
|
Bathroom/kitchen mould |
504.50 |
|
Old tap fittings |
267.56 |
|
No double-glazed windows |
725.94 |
|
Old electrics |
721.60 |
|
Old boiler type/old radiator |
741.94 |
|
Old bathroom |
701.63 |
Gloucester home-sellers losing over £1,000 due to undesirable features in their homes:
Following the above table, we asked landlords and home-owners (who are currently selling/renting their property) which of the off-putting features they had in their house.
Below are the top ten cities, listed in order of how much money they could be losing per house, by having the these;
1. Gloucester £1093.02
2. Belfast £1021.10
3. Worcester £844.63
4. Leeds £783.18
5. Leicester £782.11
6. London £694.16
7. Aberdeen £686.09
8. Oxford £588.59
9. Liverpool £582.68
10. Glasgow £546.46
