Competing with Hundreds of Houses for Sale in Newcastle-under-Lyme
The Newcastle-under-Lyme housing market has struggled to recover from the huge shock caused by the 2008 banking crisis. With many hundreds of houses for sale in Newcastle-under-Lyme, If you need to secure a quick house sale in Newcastle-under-Lyme, you should take a comprehensive approach to marketing and set a competitive asking price – this guide to selling homes in the local market should help you in both respects.
Although house prices in Newcastle-under-Lyme have stagnated for a number of years, there are some signs that the outlook is improving slightly. But if you need to sell a property quickly in Newcastle under Lyme, you might need to look for alternatives to the traditional way of selling property in the UK. At Flying Homes, we also work on behalf of wealthy investors who want to buy houses without fuss or delay. This means we can pay up to 100 percent of market value, and in many cases, process property purchases within just seven days.
Why your initial asking price is so important when selling houses in Newcastle-under-Lyme
There is a commonly held misconception that house prices in this part of the Midlands have been stagnating for up to twenty years. However, figures on the Housing.org.uk website revealed that house prices for houses for sale in Newcastle-under-Lyme actually rose from around £68,000 in 2001 to £145,000 in 2011. This was a rise of 114 percent in just a decade. However, wages rose by just 31 percent during the same period. In simple terms, the gap between house price growth and wage growth has widened by 63 percent in a decade. Local house buyers are more price-conscious than ever before, and they need to know that they are getting value and the potential for house price growth in the future. For this reason, you should set your initial asking price at a level that is competitive with recent house sales in your area.
Due to the price-sensitive nature of the property market for houses for sale in Newcastle-under-Lyme, it is vital that you take your time to research recent sold house prices in the streets around you. This will give you an idea of what people are willing to pay for homes in your neighbourhood – and you can set your asking price accordingly. Most people will leave this research in the hands of a capable estate agent or house buying specialist, but because there are so many useful tools and resources on the Internet, there is nothing stopping you from doing your own research. For instance, government figures on recent house sales can be accessed on The Land Registry website. And you can find a myriad of property transaction data for your area of Newcastle-under-Lyme on the Rightmove website. Entering your postcode on the Zoopla website will enable you to access accurate information on sold house prices in your specific area of Newcastle-under-Lyme.
Adopt a comprehensive approach to marketing when house selling in Newcastle-under-Lyme
Although there have been promising signs that house prices in the town are moving in the right direction, it is still worth bearing in mind that both lenders and buyers are suspicious about asking prices, and they’re more likely than ever before to delve into the detail in order to ensure they’re getting value for money. The growing gap between wages and house prices, the prospect of interest rate rises by the end of 2015 and new rules on mortgage affordability from the Bank of England have suppressed demand somewhat. Indeed, according to data on the Home website, detached homes in Newcastle-under-Lyme were spending an average of around 200 days on the market in February 2015. If you need to sell a house quick in Newcastle-under-Lyme, you will need to do everything in your power to showcase your home in a positive light.
Marketing is still as important as ever on the open market, and this may not be the best time to sell a house without an estate agent. The recovery of house prices for houses in Staffordshire is still relatively fragile, so expertise and experience is needed if you’re going to maximise the sale price your house achieves. Of course, there is nothing stopping you from going it alone on the open market, but you will need to have the local knowledge, negotiating skills, contacts and time required to make a success out of what is a very complex process. However, by putting your house sale in the hands of an estate agent with a broad range of houses for sale in Newcastle-under-Lyme, you can relax in the knowledge that everything is being done to maximise the final selling price your property achieves. This might be expensive, but the extra value unlocked in your home could make it the most cost-effective move available to you.
Sadly, there are some things that even a top estate agent can’t guarantee on the open market – and they include promises on timescales and selling prices. If you need to sell a house quickly in Newcastle-upon-Tyne, we are here to help. We can pay up to 100 percent of market value for homes in any condition. We remove several stages from the house selling process, including marketing, advertising, property viewings and price negotiations. This means we are sometimes able to conclude property purchases in just a week or so.
Choosing when to sell a house in Newcastle-under-Lyme
Unless you or your estate agent knows something very specific about the local property market, you should sell your house at the time the meets your needs. Some homeowners delay the listing of their house for sale in the hope that selling during a particular season will mean a higher sale price is achieved – but there is very little evidence to prove that such as link exists. According to the Home website, October was the busiest month of the year to April 2015 for house sales in Newcastle-under-Lyme. But there is every chance that sales will peak during different months in future years. You can make the prevailing season work to your advantage by making some seasonal alterations to your home’s colour schemes, layout and features. This should widen the appeal of your property and help you to find a buyer more quickly.
What can affect house prices in Newcastle-under-Lyme?
Before you start to make important decisions with regard to the sale of your home, you should bear in mind that house price growth can vary from street to street in large urban areas of the UK. Although growth may have been a little disappointing in recent years, the picture might be a little different in your street. You can only be certain about the price potential of your home by researching house sales in your specific street on the Zoopla and Rightmove websites.
Seemingly innocuous details can often lead to very localised spikes in house price growth. Some issues have the potential to significantly increase house prices in specific areas, and knowing what these issues are will help you to tailor an effective marketing strategy for the market. For instance, if you live within the catchment area of a school in receipt of excellent OFSTED reports, you might be able to secure a premium for your property from parents. And there is also a chance you can add value to your home by drawing the attention of prospective buyers to low crime levels. There might be issues specific to Newcastle-under-Lyme with the potential to increase property values in the future, including a major regeneration project and plans to build luxury student accommodation for international students coming to Newcastle-under-Lyme.
Newcastle-under-Lyme is a thriving market town located in the ceremonial county of Staffordshire. Part of the large North Staffordshire conurbation, the town has a population of more than 75,000, and it is almost indistinguishable from the city of Stoke-on-Trent.
During the early stages of the 20th century, the towns of Tunstall, Burslem, Longton, Fenton, Hanley and Stoke were amalgamated to form the City of Stoke on Trent, yet Newcastle-under-Lyme remained independent – despite its proximity to the other towns in the area.
Newcastle-under-Lyme grew up around the cotton, silk and hat industries. During the Industrial Revolution, however, the commercial emphasis shifted to iron casting, brick making, coal mining and engineering. Despite the success of the pottery industry in neighbouring Stoke, the industry never really took off in Newcastle-under-Lyme. There was also a major pipe making sector in the town – rivalling the international centres for the craft in Chester, York and Hull.
There are still some heavy industries employing local people in the area, including iron processing, textiles and machinery manufacture. However, most people are employed in the service sector. Castle Walk is the retail hub of Newcastle-under-Lyme, but the town still suffers with unusually high levels of unemployment. The town’s street market is hugely successful, however, and it has been open for business since the 12th century.
Things to do in Newcastle-under-Lyme
Newcastle-under-Lyme is home to some stunning urban gardens, which won the town a national award at the Royal Horticultural Society Britain in Bloom competition. If you want to see perhaps the finest collection of flora in the town, pay a trip to the beautiful Queen Elizabeth Garden. You can peruse a huge array of local artefacts and artworks by taking a trip to Brampton Park, which is home to the Borough Museum and Art Gallery. This exceptional visitor attraction is set in a picturesque park, and it includes a full-scale replica of a Victorian Street – complete with its own ironmonger’s and chemist’s store. If you want to watch a professional stage production in unique surroundings, make sure you book for an evening of entertainment at the New Vic Theatre. This was Europe’s first ‘in the round’ theatre, and it puts the actors right in the middle of avid theatregoers. A great way to spend a leisurely day in Newcastle-under-Lyme is to browse the massive collection of local produce and wares at the town’s historic market.
If a quick house sale is your top priority, Flying Homes can help as we buy any house in the UK. With so many houses for sale in Newcastle-under-Lyme, selling yours fast may prove difficult. Call Flying Homes for help and advice, We buy houses quickly and without fuss, so you can make solid plans for the future. Call one of our house buying experts today to arrange your no-obligation quote.