PropertySix hotspots for home-sellers in the UK

Six hotspots for home-sellers in the UK

Nearly two years of strong buyer demand has produced the biggest sellers’ market in ten years in much of the United Kingdom. The top locations for sellers right now are Mangotsfield, close to Bristol, Didsbury, Grays, Essex, and Mansfield in Manchester. More than eight out of ten of the homes listed for sale in these sought-after communities have already been sold subject to the contract (SSTC). The top seller hotspots share a few characteristics, like easy commuting access to a major city, affordable housing, high-quality schools, and an abundance of green space. The number of brand-new homes that have entered the market hasn’t been able to meet consumer demand. Our analysis shows that the shelves in some areas are almost empty, highlighting the urgent need for more sellers to think about making 2022 their year to move. The good news is that specialists, including estate agents in Manchester, report a rise in the number of consumers contacting brokers to have their homes appraised because they want to know how much their house is worth.

Manchester’s Didsbury

A 5% annual increase in prices

According to recent data, Manchester purchasers last year were required to spend tens of thousands of pounds more for properties. The impact of the coronavirus pandemic, which limited home sales during the first shutdown, as well as stamp duty holidays, have strengthened the housing market throughout the UK after the world reopened in 2020. The median house price in Manchester rose by £20,000 from the prior year to £208,000 in the year to June, according to statistics from the Office for National Statistics. The average price of a home in the year to June 2019 was £177,000, which was also higher than pre-pandemic levels. It is a good idea to choose property valuation in Manchester if you want to sell your house there and want to get a reasonable price for it.

Mangotsfield, Bristol

The average asking price is £335,598.

12% annual price growth

Due to rising housing costs in the city centre, buyers have started to move to Bristol’s outskirts. As a result, Mangotsfield, located five miles outside of the city centre, is buzzing. Mangotsfield is home to numerous substantial homes from the 1920s and 1930s, a few neighbourhood stores and eateries, and the splendour of the Cotswolds to the east. With its incredible selection of shops, bars, restaurants, and nightlife, the city is easily reachable by bus.

Essex, Grays 

The average asking price of £345,415.

7% annual price growth

Grays, Essex, a Thames Estuary hotspot about 20 miles east of London that offers a super-fast commute to the City of London in just under half an hour is drawing buyers priced out of London. There are Victorian and Thirties semis as well as brand-new homes available. Most of the local schools have achieved high or outstanding ratings from Ofsted. There is a tonne of green space available there, including the spectacular Greys Chalk Quarry and Chafford Gorges Nature Parks and Riverside Park’s artificial beach on the Thames.

Hampshire’s Eastleigh

The average asking price is £365,196.

7% annual price growth

If you prefer being outside, Eastleigh, which is just outside of Southampton, is a great spot to purchase a home. Eastleigh is a charming town lying next to the River Itchen, positioned between the New Forest and the South Downs National Park, and close to the Solent and the beaches in Sussex and Hampshire. In the city, there is a good selection of brand-new, contemporary homes and apartments, as well as a few streets with traditional terraces. This area has started to draw a new generation of buyers who may have previously thought the hour and 15-minute train commute to London was too far away since more people are now able to work from home.

Liverpool, Worcestershire

The average asking price is £242,886.

7% annual price growth

In addition to being a popular commuter destination, Redditch, which is located 15 miles north of Birmingham and is home to pop music sensation Harry Styles, also has a lot to offer, including stores, restaurants, a theatre, and a cinema. Additionally, there is a lot of flora at the 900-acre Arrow Valley Country Park. Period terraces, reasonably priced but somewhat dull purpose-built homes, and a few extremely lovely country villas on the outskirts are also options.

It’s usually a good idea to be aware of local trends if you’re considering selling your house. There are many factors that have had a significant impact on the UK housing market. Although it’s too soon to make any firm forecasts, the aforementioned places appear to have a bright future ahead of them.

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