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Category Archives: Selling

Thinking of Selling? Price it Right from the Start

If you’re planning to sell your home, one of the most important decisions you’ll make is the asking price. We are seeing more sellers becoming realistic about their listing price, and with the current market favouring buyers, finding that sweet spot is absolutely crucial. Right now, around one in three properties require a price reduction […]

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1 in 9.4 Homeowners Cut Their Asking Price Since 1st Jan 2025…

As the local property market shifts and grows, sellers who’ve been on the market a while often face a tricky question: when to tweak the asking price—and by how much—to spark new interest. With the number of homes for sale in Preston’s PR1-PR4 postcodes jumping from 2,043 in March 2022 to 3,338 by March 2025, […]

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Do I need a For Sale board to help sell my home?

When it comes to selling your home, you may wonder if a for sale board is necessary in today’s digital age. With online listings, social media marketing, and real estate agents at your disposal, you might question the relevance of a physical sign outside your property. However, don’t underestimate the power of a for sale […]

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How Many £1 Million Homes Actually Sell?

It surprises many people just how few £1 million homes actually sell. Just because a property carries a seven-figure price tag, it does not guarantee a successful move. Nationally, across all property price bands, around 54 percent of homes sell and complete. Yet for homes priced over £1 million, the picture changes sharply. Over the last two […]

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Preston and Chorley Property Blog – The Age Divide in Renting – A Sign of the Times or a Return to the Past?

This graphic shows the share of households privately renting in each age group in the UK. Unsurprisingly, younger generations dominate the rental market. Almost 6 in 10 people aged 18 to 24 rent, compared to just 1 in 20 of those aged 65 and over. At first glance, it looks like a modern crisis. But […]

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Preston and Chorley Q1 2025 Property Market Report

Understanding what’s really going on in the local property market is key to cutting through the noise and seeing the true picture­—both locally and nationally. Despite the near constant doom and gloom headlines predicting a housing crash since September 2022, the stats tell a very different story. The British property market—and Preston and Chorley in […]

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Preston & Chorley Property Market – The 44% ‘New Build Premium’

A landlord recently asked me why the brand new property she was considering was noticeably more expensive than a similar second-hand home in the same location. It’s a common question, and many homeowners and landlords have likely pondered it. So, I decided to dig into the data to uncover the truth behind the ‘new build […]

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Landlords – Why Are So Many Pensioners Renting?

It might surprise you to learn that between 1 in 16 and 1 in 10 pensioners across the UK now privately rent their home from a buy-to-let landlord. That’s right – not from the council or a housing association, but from the private rental sector. This isn’t just a London or city-based trend either. Scotland […]

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What Are Bungalows Worth Across the UK?

Bungalows remain one of the most sought-after property types in the UK, particularly among homeowners looking to downsize, retirees wanting single-level living, and families seeking homes with bigger plots. With so many people moving to be closer to family—whether that’s relocating for care, support, or just to be near grandchildren—it’s crucial to understand how bungalow […]

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Preston and Chorley Property Blog – Why Does It Take 115 Days to Move Into a Local Home?

Buying or selling a home is often one of the most significant transactions people make, yet the process in England and Wales remains frustratingly slow. You find the home of your dreams, you make an offer, it is negotiated, and a price is agreed. Yet once a sale is agreed, it takes an average of […]

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