Property purchasing specialist, HBB Solutions, has revealed that while many homesellers are benefitting from manic market conditions and plenty of buyer interest, Britain’s least loved homes have been on the market for years – the longest since 2010 (over 4,300 days).
HBB Solutions analysed property stock on Rightmove to find the homes that had been listed the longest across each area of the national market.
The property market is on fire and over one million homes were sold in 2021, with the average seller securing a buyer in just 33 days according to Rightmove. But as is always the case with the property market, topline trends unfortunately don’t apply for everyone.
So spare a thought for those selling Britain’s least loved properties, who have been listed on Rightmove since 2010 in some cases.
The longest in Britain and the North East region is a two bed terraced home in Durham, originally listed on 13th July 2010 – over 4,300 days ago!
This two bed apartment in Dickens Heath wasn’t listed long after, hitting the market on 21st October 2010, making it the longest listed home in the West Midlands having been on the market for over 4,200 days.
London’s longest listing, a one bed apartment in Edgware, has been stagnating since 2011, while in the North West this two bed terrace was first listed in 2012 – nearly 3,800 days ago.
The least loved home in the East Midlands has been on the market since 2013, while in Wales, Scotland and the South East the longest standing homes looking for a new buyer have been on the market since 2014.
In the South West, this nine bed detached home was first listed in 2016, as was this one bed flat in Yorkshire and the Humber.
Finally, this end of bed terrace house in the East Midlands was first listed back in 2017, over 1,700 days ago.
Managing Director of HBB Solutions, Chris Hodgkinson, commented: “It’s quite remarkable that in a market struggling for stock to meet such heightened buyer demand, there are homes that have sat dormant online for over a decade without managing to sell.
This can be for a range of reasons. They may be priced too high, they may be a little out of the ordinary or an acquired taste, or they may be far too large for the average buyer. They may even be ghost properties that agents have failed to remove, either by accident, or to bump up their listing numbers.
Whatever the reason, those looking to sell for such a lengthy period of time may want to consider the quick sale route. While they may have to adjust their price expectation, utilising a professional property purchasing platform will allow them to get sold in a shot and relieve them of the title of one of Britain’s least loved homes.”