Call for your free quote 0800 955 0058

Top 20 fastest selling locations when buying UK properties

It helps sellers and buyers if properties can sell fast and here are the results from Zoopla of the top 20 fastest selling UK homes.

Research from Zoopla shows the top 20 locations where property sells the fastest and leading is Falkirk in Scotland taking an average of 20 days to be sold subject to contract.

Selling fast can benefit home movers and first time buyers with joint second place for Bridgend in Wales and Waltham Forest in East London taking only 24 days after being listed for offers to be accepted.

Many properties selling fast are in the Midlands with eight out of 20 locations and this is important for home movers buying more expensive homes to beat the stamp duty deadline in March 2021.

The most popular to sell fast are three-bedroom semi-detached homes in twelve out of 20 top locations followed by two-bedroom terraced homes in five of the locations.

Pent up demand driving sales

Since the end of the Covid-19 lockdown and government introduction of the stamp duty holiday, demand for property has surged with sales 50% higher than last year.

Buyers have until 31 March 2021 to complete their purchase with stamp duty savings of £15,000 for properties worth up to £500,000.

This table from Zoopla shows the top twenty local authorities where properties are selling the fastest over six months from May to October 2021.
Authority Region Days
Falkirk Scotland 20
Waltham Forest London 24
Bridgend Wales 24
Liverpool North West 25
Salford North West 26
Sheffield York & Humber 27
Redditch West Midlands 27
Bromsgrove West Midlands 28
Walsall West Midlands 28
Stoke-on-Trent West Midlands 28
Leeds York & Humber 28
Bristol South West 29
Dartford South East 30
Nottingham East Midlands 30
Oldham North West 31
Gedling East Midlands 31
South Staffordshire West Midlands 31
Mansfield East Midlands 31
Trafford North West 31
Manchester North West 31
Homes in the top twenty locations are “sold subject to contract” in 31 days or less with Falkirsk leading taking only 20 days followed by Waltham Forest and Bridgend in 24 days.

Cheaper properties moved fastest in the price band of £100,000 to £150,000 in eleven out of the twenty locations.

For buy-to-let investors the pressure on sellers to find a buyer could mean they can negotiate a lower price knowing the sale can be completed quickly.

House prices have been rising since lockdown and one advantage for homeowners is remortgage buyers can now release capital for home improvements.

Midlands is fastest region for selling

Properties in East and West Midlands are moving the fastest with eight locations in the top 20 and in particular those towns within 40 minutes of Birmingham.

The leading locations are Redditch in seventh place taking 27 days to sell with Bromsgrove and Walsall in West Midlands and Stoke-on-Trent in East Midlands taking 28 days.

The only top twenty borough in the capital is Waltham Forest in East London which includes Walthamstow, Leytonstone, Highams Park and Chingford.

With large savings in stamp duty, the fastest selling properties in London are priced in the £400,000 to £450,000 band.

Bristol is the only location in the South East in the top twenty selling property in 29 days with 2-bedroom homes selling fastest and in the £150,000 to £200,000 price band.

Rather than selling your home, equity release buyers can secure fixed rates typically from 2.5% upwards and use the money to consolidate debt or improve your quality of life.

What are your next steps?

Call our LCM mortgage brokers if you are a buy-to-let landlord with a property, remortgaging and want the best mortgage deal, buying your first home or you are planning to move home.

For equity release buyers our London City Mortgage advisers can recommend lifetime mortgages allowing you to receive cash for home and garden improvements or even benefit a family member.

Start with a free mortgage quote or call us and we can take your details. Learn more by using the mortgage cost calculators, property value tracker chart and equity release calculator.


Mortgage Best Buys

These are examples of mortgage products we can approach with many more offering interest rates and flexibility to meet your needs.

1.16% Fixed Rate
60% Loan to Value
£1,525 App Fee
Until 01/11/2022
Reverts to 4.09%
1.17% Fixed Rate
60% Loan to Value
£1,025 App Fee
Until 31/09/2022
Reverts to 3.59%
1.18% Fixed Rate
60% Loan to Value
£1,034 App Fee
Until 31/10/2022
Reverts to 3.59%
1.19% Fixed Rate
60% Loan to Value
£999 App Fee
2-Years Time
Reverts to 3.59%

The latest mortgage news


16 Aug 2021

Winchester is the least affordable UK city to live and work

Winchester replaces Oxford as the least affordable city to live and work with the highest average property prices now 14 times annual earnings.

06 Aug 2021

Demand for homes falls 9pc as stamp duty holiday ends

As the initial stamp duty holiday ended in July the demand for property reduced by 9% but remains significantly up on normal market levels.

29 Jul 2021

Mortgage deals under 1pc increase with competition from lenders

The number of mortgage deals offering 1% interest or less has increased as lenders compete for new and existing borrowers.

21 Jul 2021

Savings during lockdown release you from your mortgage early

UK savings reached £200bn during lockdown and overpayments could reduce interest costs and clear your mortgage years earlier.

Call for your free quote 0800 955 0058

  • IMPORTANT

    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.

  • WARNING

    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.

    CONTACT

    Address:
    9th Floor, 30 Crown Place
    London, EC2A 4EB

    Phone:
    0800 955 0058

    Email:
    info@londoncitymortgages.co.uk

    London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.

    2021 © London City Mortgages.
    Website designed & developed by Spyre Media