I wrote an article on the Huddersfield
Property Blog about the length of time it took to sell a property in Huddersfield
and the saleability of the different price bands (i.e. whether the lower/middle or upper local property markets were
moving slower or quicker than the others). For reference, it was taking on average 49 days from the property coming on the market for it
to be sold subject to contract (and that was based on every Estate Agent in Huddersfield)
… and today … 115 days .. does that
surprise you with what is happening in the UK economy?
Well, a number of Huddersfield landlords and homeowners, who
are looking to sell in the coming months, contacted me following that article
to enquire what difference the type of property (i.e.
Detached/Semi/Terraced/Apartment) made to saleability and also the saleability
of property by the number of bedrooms) As I have said before, whether you are a
Huddersfield 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 Huddersfield
property market .. and these were my findings …
to start with by type (i.e. Detached/Semi/Terraced/Apartment)….
The star players are the detached and
semi-detached variants of Huddersfield property, whilst apartments seem to be
sticking in Huddersfield.
Next I looked at what the number of bedrooms does to the saleability
of Huddersfield property.. … and 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 Huddersfield
buy-to-let landlords and homeowners?
There is no doubt that there is a
profusion
of properties on the market in Huddersfield 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 Huddersfield property market, it is much tougher to sell,
especially if you want to sell your Huddersfield 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 Huddersfield 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.
No comments:
Post a Comment