One of the most stressful things about the property market is the waiting while you try to make a sale. This can result in big problems, with rising costs and potential restrictions on your mobility. Before you decide to sell it is wise to take a look at the market and see how long it typically takes to complete a sale. This can give you an idea of the time you could be facing.
Property owners in Bexley don’t need to worry about long waits when they want to make a sale though. At the start of June Bexleyheath was identified by Rightmove as the area in London where properties typically sell the fastest. It topped a list of the top ten areas, beating off competition from areas across the capital. According to the data it takes an average of just three weeks for a property in the area to be sold.
The fast sales in Bexley occur because of the huge array of factors that attract people to the area. Firstly it offers really good value for money with the average house price sitting at £375,259 at the time the data was compiled. On top of this it is just a 35 minute commute to the centre of the capital. The well regarded schools in the area are a further attraction.
The news is good for sellers and investors alike. It means the latter can find properties and complete the purchase quickly so they can get started doing the necessary work to return them to the market. This is important because the longer the property remains without tenants the higher loss of potential income.
Bexley also offers a big advantage for investors with the council leasing opportunities. These allow landlords to lease their properties with ease, ensuring they will be made available to the people in the area who need them. This can offer big benefits including removing the stress of having to find tenants and providing guarantees on the income from the property.
At Finefair we have a good relationship with Bexley Borough Council. We are proud of this association and our ability to offer advice and support to landlords looking at leasing. Please contact us for information.
