A PROPERTY report revealed the postcodes where properties are fetching up to 120 per cent of the asking price, with the top postcode in Northumberland.

Estate agent comparison site GetAgent's report revealed insights including most and least expensive postcodes, the most popular month to put a home on the market, the UK postcodes achieving more or less than their asking price - and how quickly UK sellers sell their homes.

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Data shows properties in Haltwhistle averagely achieve 120 per cent of the asking price - meaning buyers are offering 20 per cent more than marketed prices.  

With the average two-bed property marketed with an asking price of £278,144, house sellers could see bids of up to £333,700 if they were to receive offers of 120 per cent - £55,600 more than the original price.

Homes in Appleby-in-Westmorland in the Eden district of Cumbria achieved well above the average asking price, with buyers offering 119 per cent of the original offer.

Prices are harder to achieve in Saundersfoot, Calver and Blunsdon postcodes, securing on average 80 per cent of total asking prices.

Other areas achieving below asking price include Alston, Cumbria, and Pimlico, London. 

Colby Short, co-founder and CEO of GetAgent said: "As experts in selling a home, we know how stressful it can be to find a buyer for your property. By sharing some of our own consumer data and the trends we’ve observed over the past year; we’re hoping we can provide house sellers with some valuable insight, and top tips, in what is often a very confusing and tense time. 

"Despite the turbulent year of 2022 having had an adverse effect on many homeowner’s selling prices, it’s been really positive to see that sellers in many areas of the UK were able to achieve significantly more than their original asking prices - with some northern areas of the country achieving up to 120 per cent of theirs. Similarly, our data showed that last year some house-sellers in the UK breezed through the selling process in an average of just 30 to 50 days, showing that it’s still very achievable to find the perfect buyer with minimal stress."

Read more at https://www.getagent.co.uk.