The best and worst places to sell a house has been revealed by estate agent comparison website GetAgent.co.uk, based on both sold price and asking price performance.
The estate agent comparison website pulled data from all of the major property listing portals, which were then cross-referenced with the Land Registry using proprietary algorithms and input from partner agents.
The results found that across the UK as a whole, the nation’s home sellers were “forced” to readjust their price expectations by -4%, overall achieving an average sold price just 96% of the average asking price their homes were listed at.
The best place to have sold a home in the last year was Preston, where home sellers achieved an average sold price of £214,325, 121% of the average asking price of £177,177.
However, Copeland ranked as the “worst” place to sell a home in the UK, with sellers achieving just 72.7% of asking price. Pendle (74%), Pembrokeshire (74.3%) and Burnley (75.1%) are also amongst the worst performers.
Founder and CEO of GetAgent, Colby Short, said: “A very tough year for the UK property market was always going to bring an underachievement where sold price to asking price performance was concerned and the extent of the damage caused by an uncertain Brexit backdrop is very clear in a large number of areas.
“However, what’s perhaps more impressive is the vast number of areas that have defied wider market conditions to see sold prices climb beyond the average asking price.”
He added: “Not only does this demonstrate the resilience of the market but it shows that in areas where marginal top-line price declines amounted to very little on the average house price, a realistic business as usual attitude from both buyers and sellers kept things moving and in many cases ensured sellers exceeded their asking price expectations.”