The Loughborough Property Market

How do you Effectively Market Your Home in Loughborough With Hundreds For Sale at Any Time?

With many houses for sale in Loughborough and wider East Midlands property market at any given moment, it is imperative that your marketing strategy is comprehensive and relevant to the local market. This guide to the property market in Loughborough filled with advice and information that should help you to make the best possible decisions during the house selling process.

The town of Loughborough located in the Charnwood borough of Leicestershire has a population of around 60,000. The town is the second largest settlement in the county, after Leicester. Close the to Nottinghamshire border, Loughborough is perhaps best known for its famous university.

Loughborough developed an international reputation for bell making over many centuries, and bells from the town are in some of the most iconic buildings in Britain, including York Minster and St Paul’s Cathedral. The economy in the city today is dominated by services – retail and hospitality are the single biggest employment sectors in Loughborough today. Many of the town’s largest retail stores are on Market Place and Market Street, including The Rushes Shopping Centre, located in the centre of the city by the Churchgate area, home to most of the UK’s most recognisable brands. The University of Loughborough and the NHS are the single largest employers in the area.

A chronic shortage of housing in Loughborough has been driving up property prices in the area for several years. Demand for property in the town is also high – but none of this means you can take a quick house sale for granted. If you need to sell a house fast in Loughborough, you just can’t rely on the open market to deliver – no matter how strong it is at present. But by selling your property to Flying Homes, you could get your hands on the proceeds within a week or two. We buy houses on behalf of wealthy investors for up to 100 percent of market value – in any condition. So whether you’re fighting off repossession, relocating for a new job or trying to avoid costly repair bills, we can help.

The initial asking price you set is crucial when marketing houses for sale in Loughborough

The Loughborough property market is performing reasonably well at the moment, and the next few years will be an excellent time to sell a house in the town. The average price of a home in Loughborough mid-March 2017 is £190,000. But it’s important to take this news with a pinch of salt. The current uncertainty about the future of the UK economy (after Brexit) could put the brakes on house price growth over the coming months. If you want to sell a house quick in Loughborough, you’ll need to maximise the interest in it – and this will require the setting of a competitive asking price.

Exactly what constitutes a competitive asking price for a home in Loughborough depends on recently sold house prices in the immediate area. Most homeowners will leave the job of researching the local market to their estate agent, but you can find sold house prices for Loughborough yourself by using the Rightmove website. You can hone your search for home sales data in Loughborough by entering your postcode on the Zoopla internet site, and The Land Registry web portal provides access to government data on property transactions nationally.

Why you need to adopt a comprehensive approach to marketing when house selling in Loughborough

The Loughborough real estate market favours the seller at the moment. It seems that a chronic lack of new homes in the area is forcing supply down – which is giving house prices a boost. An economic slowdown rises in interest rates and new rules on borrowing are just three of the issues that could slow demand for homes in Loughborough. It is, therefore, essential that you have a thorough marketing plan in place – and the right person to execute it.

Regardless of the cost, it is usually a good idea to hire an estate agent to sell a house on the open market. Estate agents in Loughborough know the area inside out, and they will be able to use their vast experience during the negotiating process to maximise the sale price your property achieves. And most agents will be able to call upon a ready-made network of marketing contacts – while will speed up the whole process. Selling your property yourself will save you some money in the short term, but it could lead to an inferior sale price unless you have the time, know-how and contacts required.

But if your top priority is to sell a house quickly in Loughborough, there can never be any guarantees on timescales on the open market – even if you have an accomplished agent representing your interests. Sell your home directly to Flying Homes, however, and you might be able to get your hands on the proceeds within 14 days. We pay an average of between 90 and 94 percent of market value for the property we buy – at a time when other UK homebuyers are paying between 60 and 70 percent. The homebuyers we represent have the cash required to proceed with the purchase of your home today, which is ideal if your circumstances call for the quickest sale possible.

Is there a productive time of year to sell a house in Loughborough?

There isn’t a lot of credible evidence linking sale prices to the time of year. Houses don’t sell for more in the summer than during other seasons of the year. So unless you know of an impending development in your area, you should list your house for sale in Loughborough at the time of year that suits your plans for the future.

There is a way to use the season to your house selling advantage – and it involves making seasonal changes to your home’s decor, layout and facilities. House buyers usually go house hunting with a clear set of priorities in mind, some of which will be related to the current season. By appealing to these priorities, there’s a good chance you’ll be able to widen the audience for your home – helping you to sell it more quickly.

What factors have the potential to increase house prices in Loughborough?

Loughborough is a town with a population of around 60,000, so it should be no surprise that there are several mini property markets within it. Although most reports talk of modest house price growth in Loughborough, the market in your particular part of the town may be performing a little differently because a wide range of local issues combines to set average prices in a specific neighbourhood. For instance, property prices in your street might be slightly higher than the Loughborough average because of the proximity of a school with consistently good OFSTED ratings. And new recreational facilities might also give average selling prices a boost. Localised crime levels can have a positive and adverse effect on local property values. And there is a reasonable chance that the Loughborough Town Centre Masterplan has a positive impact on local house prices in the future.

Things to do in Loughborough

One of the most famous buildings in this old town is Loughborough Town Hall, which is home to regular art exhibitions, music concerts, plays and comedy shows. If you’ve ever wondered how you make gin, use your time in Loughborough to visit the 45 Gin School, which is a working gin distillery that provides a fascinating insight into the process. Enjoy a great day out for people of all ages can be enjoyed at Queen’s Park, which is home to the Carillon Tower War Memorial Museum and the Charnwood Museum. The park is a great place to take relaxing strolls and relax, and there’s a great maze to get lost. One of the most popular attractions in the town is Loughborough Market, which is open every Thursday and Sunday. Over 100 market traders sell everything from clothing to DVDs at very low prices. There’s also a farmer’s market in the town on the second Wednesday of each month.

When your home is only one of many houses for sale in Loughborough, don’t take your chances on the open market. Sell your property directly to Flying Homes, and you could have the proceeds in your bank account within a week or two. Call us today to arrange a free, no-obligation house valuation. Protection Status