29th November 2023
Liverpool: The UK’s fastest moving property market
Zoopla recently released its top 25 list of the fastest moving areas to sell in the UK with Liverpool topping the table. Our Liverpool and Merseyside valuer, Ray Purchase, knows every inch of the region so here he shares his knowledge of the area and his top tips for securing a fast sale for your property in Liverpool.
The Liverpool property market
Liverpool’s property sales market has been particularly buoyant in recent times. The current average house price stands at £211,154 following year-on-year increases since 2019, and a further growth of 4-5% expected by the end of the year. The rental sector is also thriving, with rental prices seeing a 5.5% average increase in the past year along.
The city’s property market has most likely experienced its significant growth due to regeneration projects, thriving student and tourism sectors and relative affordability. As it continues to evolve and attract further investment, the outlook for Liverpool’s property market remains positive, offering opportunities for both homeowners and investors. You might say it’s a robust and flourishing market.
If you’re a Liverpool property seller…
According to Zoopla, it is taking an average of 17 days to secure a buyer for properties in Liverpool. This looks like excellent news if you are looking to sell, and it is, but how long does it take for the sale to complete? On average, it takes up to 180 days to go through the conveyancing process and complete the sale. That’s over six months. Now it doesn’t sound quite so good.
There is a way to get a fast sale agreed and quickly get the money in your bank on completion day – by selling in an auction. With 30 days of marketing and a 30 day completion period as standard, selling your Liverpool property by auction could save you, on average, 137 days.
Some people may worry that they don’t know enough about auctions, they may think that they’re just for run down properties or that they won’t a good sale price. We can help work with you to help you feel comfortable with the auction process – and we guarantee it won’t sell for less than you want it to.
Here’s some recent properties we’ve sold in Liverpool highlighting the vast range of property types and conditions that sell well:
67 Booker Avenue in Mossley Hill L18 is a two bedroomed apartment featuring bright and airy bedrooms, modern fitted kitchen, three piece shower room and its own private garden. With the potential for a £850 per calendar month rental the apartment sold for £130,000 from a guide price of £119,000+ (plus fees).
In Crosby, an area popular with young professionals due to its close proximity to the city centre, this detached property at 1-3 Crosby Road South sold prior to auction due to its popularity. It had a guide price of £730,000+ (plus fees) and sold for £770,000.
472 Stanley Road in Bootle is a four bedroomed terraced house which sold recently for £80,000 from a guide price of £73,000+ (plus fees). The property comprises a lounge, a second reception that is currently being used as a bedroom, shower room, kitchen, lean-to, and access to the cellar on the ground floor. There are four bedrooms across the first, second and third floors, one with its own WC, along with a bathroom.
Free auction appraisal
If we’ve piqued your interest and you’d like to have a chat about selling your property by auction with us, request your free auction valuation today. We’ll give you a call to chat you through the process and discuss your property and individual selling circumstances. We can then come out and visit the property, provide a valuation along with an explanation of any fees involved.
Don’t worry if you’re on the market already with a local estate agency. We work with hundreds of estate agents across the country, partnering with them to secure a sale for property owners.
To request your free property auction appraisal click here or call our friendly team on 0800 046 5454.