Local property update

We’ve seen a definite shift away from the very strong suppliers market that’s had buyers competing over properties. That’s common at this time of year as lots of potential sellers with families decide to make a move in order for things to be sorted in time to get schools arranged by September.

Make it look good
But that increase in supply doesn’t mean good properties are taking longer to sell. We’ve had full asking price offers within five days where the property has been in a great condition, and care and attention has been put into its presentation.
And that’s one of our key tips at the moment, taking the time to ‘dress’ a property correctly is making a big difference in the current market. You can’t be a ‘lazy’ seller anymore and just expect buyers to fight over your property. Making that extra effort to give it some ‘wow’ factor is really having an impact in our local area.

Ruislip Manor
Pricing smartly is one of the other keys to getting a successful sale at the moment. At our Ruislip Manor office we’ve recently we have seen a property going for £10,000 over the asking price, by getting the initial market price right and generating interest from multiple buyers. With many disappointed purchasers still out there looking for good properties it’s a great time to be thinking about how you can maximise the value of your home.
Beyond individual successes this April has been a record breaking sales month for our Ruislip Manor office. The emphasis on presenting properties in their best possible light was reinforced when we took a property over that another agent had failed to get any interest in, and added new professional photography and attractive presentation, achieving a sale in just days.

Eastcote
We’ve had some amazing results at our Eastcote offices last month too. On the last 15 sales, we’ve averaged for each property, 32 viewings, 10 offers and achieved 97% of the asking price!
We’ve also seen some records broken. Two properties going in the same street were referred to us by client recommendation (always our favourite way to win business!). Other agents had told the owners that they wouldn’t get more than £500,000 for them but one, a 3-bed semi with a shared garage, sold for £520,000 and the other, the same with a side garage, went for £535,000. Both record prices for the area.
But there are still excellent deals to be had. If you’re thinking about buy-to-let we currently have a split level 3-bed flat above shops in Fieldend Road that’s on the market for £289,950, which will return a rental yield of above 5% at that price. Give the office a call on 0208 8662727 for more details

Local prices
Pricewise the latest Land Registry data has shown a 1.1% increase in prices between February and March (the latest they publish - for the whole Hillingdon Borough). That’s a 17% increase on 12 months before!
It might be less of a seller’s market but that doesn’t mean that prices are levelling off just yet.