
17 Aug 2023
If you’re planning to sell your property, one of the c…
Market Update
In 2021, Bridges saw an exceptional level of interest amongst three bedroom semi-detached and end of terrace properties. This was aided by the stamp duty exemption as first-time buyers, upsizers and downsizers were able to purchase properties they may not have been able to without the government stamp duty exemption that was put in place. Bridges top six most viewed properties on average received 51 viewings and 12 offers with the typical sale price of each being between £300,000 to £425,000 with the average asking price reaching 118.5% of the original marketing figure. We have seen an increase in viewing activity due to the number of buyers and lack of properties being listed to the market, due to the buyer to property ratio this has uplifted property values in the Hampshire and Surrey areas.
We are seeing a rise in the amount of London buyers moving out of the city to from London to surrounding areas, predominantly looking for Hampshire and Surrey properties due to the benefit of having great access to both train stations and motorway links and fewer people needing to commute to London due to the flexibility of working from home. Covid has had an impact on leasehold properties as more and more buyers are looking to move from apartments with no outside space into the three-bedroom house market with outside space being a sought after feature.
Asking Price : £300,000
Sale Price : £330,000
Three bedroom semi-detached home receiving 70 viewings and 24 offers and was sold to a nothing to sell buyer having now exchanged and completed.
Asking Price: £375,000
Three bedroom semi-detached home receiving 44 viewings and 6 offers. Which is currently under off to a first time buyer.
Asking Price: £300,000
Three bedroom, end of terrace house which had 45 viewings conducted and 4 offers received. This has now exchanged and completed to a first time buyer.
Asking Price : £425,000
Sold for over asking price.
Three bedroom semi-detached home receiving 55 viewings and 15 offers with the buyer relocating from the London area.
Asking Price: £360,000
Sold for over asking price.
Two bedroom semi-detached home receiving 47 viewings and 14 offers being sold to a first time buyer.
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