Chorley Property Blog:
A few months ago it was taking on average 46 days from a property coming on the market for it to be sold subject to contract (and that was based on every Estate Agent in Chorley) … and today … 85 days .. does that surprise you with what is happening in the UK economy?
A number of Chorley landlords and homeowners, who are looking to sell in the coming months, have been contacting me recently to enquire what difference the type of property (i.e. Detached/Semi/Terraced/Apartment) makes to saleability and also the saleability of property by the number of bedrooms. So, whether you are a Chorley landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home; finding a buyer and selling your property can take an annoyingly long time… but anything you can do to mitigate that is helpful to everyone.
So, I did some research on the whole of the Chorley property market .. and these were my findings … to start with by type (i.e. Detached/Semi/Terraced/Apartment)….
As you can see, the star players are the semi-detached variants of Chorley property, whilst terraced/townhouses seem to be sticking in Chorley.
Next, I looked at what the number of bedrooms does to the saleability of Chorley property…
… and as you can see the five bed properties seem to be taking the longest time to sell ..and to answer the question in the title .. it’s four bed properties!
So, what does this mean for Chorley buy-to-let landlords and homeowners?
There is no doubt that there is a profusion of properties on the market in Chorley compared to 18 months ago … it’s not because more houses are coming on to the market, it’s because they are also taking a little longer to sell. This makes it slightly more a buyer’s market than the seller’s market we had back in 2014/5/6. Therefore, in some sectors of the Chorley property market, it is much tougher to sell, especially if you want to sell your Chorley home fast.
Therefore, to conclude, on the run up to the New Year, if you are looking to buy and plan to stay in the buy to let market a long time, perhaps take a look at the Chorley properties that are sticking as there could be some bargains to be had there? Want to know where they are .. drop me a line and I will tell you a nifty little trick to find all the properties that are sticking.
For further information or advice on any property related matters, we’re here to help. I look forward to the opportunity of speaking with you soon. If you are in the area feel free to pop into our office, the kettle is always on for a brew.
Call 01257 273 324 or drop me an email at firstname.lastname@example.org
Like this or found this article helpful? Please share it!