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Three bedroom properties are the fastest property investments to sell in the UK property market according to the latest data released by estate agent comparison site GetAgent.
The website pulls data from all of the major portals which they then cross-reference with the Land Registry using proprietary algorithms to create a comprehensive record of what is selling, where, for how much and how long they take to sell.
The fastest selling properties were found to be three bedroom, taking on average just 122 days to sell.
Close behind three bedroom properties for speed of sale came two bedroom properties, taking just 4 days longer at 126 days.
Four bedroom properties are the next most popular option for homebuyers taking an average of 141 days, with one-beds taking 150 days, with five-beds the longest of all at 173 days.
The optimum ace to sell property quickly is Scotland. The nine quickest areas for three bedroom property sales are all located in Scotland, with Lanarkshire the quickest of the lot with an average selling time of 55 days.
Outside of Scotland, Mansfield is the quickest with an average selling time of 72 days, followed by Ashfield (73 days) and Salford (73 days).
Three bedroom properties are also the quickest to sell in the capital with an average selling time of 148 days. Bexley was the quickest London borough at 98 days, followed by Sutton (100 days), Waltham Forest (103 days), Barking and Dagenham (108 days) and Havering (118 days).
Founder and CEO of GetAgent.co.uk, Colby Short, commented: ‘Three-bed homes are hot property in current market conditions and as a result, those with one to sell can expect a quicker transaction than others in the market, even in London.
‘A three-bed is typically the first family foot on the ladder for growing families and often the last time a buyer will upsize for the long-term, if not completely. That’s why they’re consistently in high demand but there is a real lack of suitable stock currently on the market, as well as an insufficient level being delivered by housebuilders to meet this demand.
‘As a result, three-bed homes are bucking wider market trends to sell much faster than the rest and will continue to do so.’