The current high demand of properties in London is resulting in speedy sales. This is particularly relevant for properties of certain sizes and styles, in line with current buying trends. All properties below received offers within four days of being put on the market, take a look and find out why.
The unique design of this house (above), was one of the main contributing factors for this property receiving an offer after only four days of being on the market. Based in the West Kensington area, the eventual buyer had been looking for a number of months yet no property had suited him. However upon viewing this house, an offer was made for the full asking price. The offer couldn't have come at a better time for the seller who wanted to sell previously but were unable to as there were tenants in situ. Feeling they had missed their opportunity to sell, the owners were delighted to receive a full asking price offer, which they accepted. We are finding that one and two bedroom houses such as this are much sought-after, due to the rarity of being put on the market. This trend being typical for the area will also have contributed to the short `under offer' period as well as the being the perfect home for the buyer.
This third floor apartment in the Canada Water area of London was on the market for only two days before receiving an offer from a Thai investor. Looking at London properties as an investment, they thought it was an ideal purchase due to having strong transport links to central London via Green Park on the Jubilee Line, as well as close proximity to Canary Wharf. With only a limited time to buy following unsuccessful searches around London, this bright and airy flat proved ideal. Needless to say the seller was delighted to receive a full asking price offer for the property in such short time on the market.
This one bed flat was under offer for only two days after being purchased by a first time, buy-to-let investor. The eventual buyer had been looking across London for her first investment as she wanted to make sure that the property would be a good home for her tenants, as well as represent a good return on investment in subsequent years. She was delighted to find this spacious one bed apartment in the area for less than £250k. The individual selling the property was also pleased with the purchase, as he had bought the property for a good market price at auction in 2012, and receiving an asking price offer in the current market gave him the capital he was looking for. In the current market we are finding that one bed properties in and around the Norbury area near Croydon are in high demand which we expect to continue in the years to come.
These are all perfect examples of properties that were put on the market at the ideal time to receive an offer quickly. This not only means putting the property on the market at the right time of year, for instance catching the busy seasonal periods, but also the correct time of putting a property on the market with regards to the type of property that is in demand. These are all things to take into account when considering selling a home.
Thinking of selling your property? Please contact your local Foxtons' expert local Foxtons' expert who can advise you on selling your property.
