10^th Jun 2019

A property sales firm is advising BTL investors that when deciding upon purchasing a new property, they should consider areas that have a quick property sales' history.

Its latest research studied ten areas to find out the average period it takes to sell properties.

The ten locations which feature in the research were, Stockport, Coventry, Wolverhampton, Birmingham, Peterborough, Colchester, Manchester, Canterbury, Luton and Enfield; postcode data was studied from various sources to find out which were the best places where properties sold the quickest.

Stockport came out on top where it took an average of 104 days for a residential property to be sold, and its best performing postcode was SK4 with an average of no more than 60 days to sell a property, with an average sales price of £280,768.

Coventry came in runner up with an average sales time of 124 days; its quickest selling postcode was CV6 of 76 days sell through and an average property price of £158,742.

Third place was awarded to Wolverhampton with average selling time of 138 days, and its best performing postcode was WV8 with 92 days.

Managing director of the property sales firm, Robby Du Toit, said: "From our research, it’s plain to see sales in the north and central England, in particular, are very promising. Locations like Stockport, Coventry and Wolverhampton have the benefit of lower property prices (in comparison with the south) and fast-paced, growing markets; something investors should take advantage of; should they be able to."

He added: "However, it is also promising to note that no matter where you want to invest there is a location available where property sells quicker than most. It is so important therefore to make sure you do your research before you take on an investment property. Shop around, ask questions, compare prices – don’t just choose the most amenable, obvious property. When it comes to selling, this is not always what makes a success."


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