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Rightmove’s UK top 10 fastest moving areas 2018 mapped with quick house sale locations

Is there a correlation between the UK’s fastest moving areas (Rightmove research), and homeowners needing a speedy sale of their property?

The Map illustrates Rightmove’s 2018 fastest moving locations together with Flying Homes quick house sale hotspots:
One notable common feature emerging is that when the locations are plotted on a map most of the locations are within a radius of 40/50 miles (North and South) of the M62 motorway which stretches from Knotty Ash in Liverpool, Merseyside in the West to North Cave, near Hull in the East Riding of Yorkshire, a distance of 107 miles.

The latest analysis from Rightmove appears to confirm that there is a connection between the UK’s fastest moving locations and quick sale hotspots.

The Flying Homes survey into ‘quick home sale hotspots’ identified the top 10 locations as:

  1. Barnsley
  2. Doncaster
  3. Oldham
  4. Preston
  5. Rotherham
  6. Chesterfield
  7. Halifax
  8. Hartlepool
  9. Wigan
  10. Grimsby

The Rightmove survey reveals the top 10 fastest moving locations in 2018 as:

  1. Newport
  2. Oldham
  3. Scunthorpe
  4. Rochdale
  5. Leigh
  6. Wrexham
  7. Southport
  8. Colwyn Bay
  9. Dewsbury
  10. Birkenhead

At first glance from TABLE A, there doesn’t appear to be much of a correlation between the towns in the quick home sale hotspots and the fastest moving locations, (apart from Oldham in Lancashire appearing at number 3 and  2, respectively).

TABLE A

TownQuick Sale RankFastest Moving RankCounty
Chesterfield6 Not rankedDerbyshire
Barnsley1 Not rankedSouth Yorkshire
Doncaster2 Not rankedSouth Yorkshire
Rotherham5 Not rankedSouth Yorkshire
Dewsbury Not ranked9West Yorkshire
Halifax7 Not rankedWest Yorkshire
Newport Not ranked1Gwent
Colwyn Bay Not ranked8Conwy
Birkenhead Not ranked10Merseyside
Southport Not ranked7Merseyside
Wrexham Not ranked6Clwyd
Preston4 Not rankedLancashire
Oldham32Greater Manchester
Wigan9 Not rankedGreater Manchester
Rochdale Not ranked4Greater Manchester
Leigh Not ranked5Greater Manchester
Grimsby10 Not rankedLincolnshire
Scunthorpe Not ranked3Lincolnshire

 

In TABLE B (below) the ‘County’ location for both quick sale hotspots and fast-moving areas is identified. Apart from Lincolnshire, It is predominantly the Northern Counties of South Yorkshire, West Yorkshire, Lancashire and Greater Manchester which account for fast moving locations / quick sale hotspots.

Other Rightmove ‘fast-moving areas’ which do not rank very well as ‘quick sale’ hotspots are Wrexham, Colwyn Bay and Newport (North and South Wales, respectively) and Southport in Merseyside. It’s worth mentioning that property is generally cheaper in Merseyside and North Wales which tends to correlate generally with quick home sale hotspot locations.

TABLE B (Identifies just the UK Counties for both quick sale hotspots and fastest moving locations).

TownCounty
ChesterfieldDerbyshire
BarnsleySouth Yorkshire
DoncasterSouth Yorkshire
RotherhamSouth Yorkshire
DewsburyWest Yorkshire
HalifaxWest Yorkshire
NewportGwent
Colwyn BayConwy
BirkenheadMerseyside
SouthportMerseyside
WrexhamClwyd
PrestonLancashire
OldhamGreater Manchester
WiganGreater Manchester
RochdaleGreater Manchester
LeighGreater Manchester
GrimsbyLincolnshire
ScunthorpeLincolnshire

The top 10 dataset for the Flying Homes quick sale hotspots overlapped with fast-moving locations identifies Oldham in both datasets. At County level, Lancashire/ Greater Manchester feature highly (in the towns of Preston and Wigan – quick sale hotspots, join Rochdale and Leigh –  fast moving locations).

What can be deduced from the analysis together of quick home sale locations and quickest moving areas?

The analysis may confirm some or all of the following:

  1. House sellers desperate for a quick house sale will push through the sale of their home in the shortest timeframe.
  2. House buyers recognise they have a bargain property and want to secure their purchase and complete in a short timescale.
  3. Both buyers and sellers (and specifically in Oldham), recognise their mutual wish for property transactions to finalise quickly.
  4. Local searches, etc, may be faster in the above locations, therefore property sales finalise quicker.

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