The UK areas where homes are selling the most above list price  The UK areas where homes are selling the most above list price 

The UK areas where homes are selling the most above list price 

  • Homes in East Renfrewshire are selling the most above list price over every other area in the UK 
  • East Dunbartonshire is second in the rankings, with prices rising at an average of around £34,155 more than they were originally listed for 
  • Cambridge is selling homes the third most above list price 

New research has found the UK areas selling homes the most above list price, with East Renfrewshire taking the lead. 

The study by experts at moving platform Getamover.co.uk analysed historical Zoopla data for homes sold at a different amount than the list price. The average sale price, average listing price and the difference between the two were considered to reveal which areas see the most homes above their original list price and how much more on average.  

It found that East Renfrewshire has the highest number of properties sold above the list price in the UK. On average, a home in East Renfrewshire is sold for £272,187, but homes are listed initially at an average price of £235,479. This means that potential buyers who are looking to purchase a house in this area are seeing an average price increase of £36,708

East Dunbartonshire takes second place, with the average home in this area selling for £262,979 compared to its £228,824 list price. The average difference between its sale price and what it originally listed is £34,155

Cambridge comes third on the list, where homes sell for around £31,662 more than originally listed. The average sale price for a home in Cambridge is £779,219, but houses tend to be listed for around £747,557. 

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In fourth place is Edinburgh, with an average selling price of £329,51; homes in this city tend to be listed at £298,887. The price increase tends to leave potential buyers needing an additional £30,627 more than anticipated. 

Completing the top five is East Lothian, where homes tend to be listed on average at around £255,219. Despite the original list prices in the area, homes typically sell for £284,675, which is £29,456 more than the original price range. 

The City of London is seeing houses sold on average at £807,500. However, homes are typically listed at around £849,983, which is a £42,483 reduction in price.  

On the other hand, Manchester is listing houses at £228,138 on average, but the properties on the market are selling at an average of £234,848, which is £6,711 more than the average list price. 

The top 10 areas in the UK where homes are selling the most above list price  

Rank Area Average Selling Price of a House (£) Average Listing Price of a House (£) Average Price Increase from Original Listing (£) 
East Renfrewshire                272,187               235,479                         36,708  
East Dunbartonshire                262,979               228,824                         34,155  
Cambridge                779,219               747,557                         31,662  
City of Edinburgh                329,514               298,887                         30,627  
East Lothian                284,675               255,219                         29,456  
Stirling                258,061               230,189                         27,872  
City of Glasgow                190,742               163,177                         27,564  
South Ayrshire                173,987               152,970                         21,017  
Kensington and Chelsea             3,103,765            3,083,947                         19,818  
10 Argyll and Bute                224,520               205,126                         19,394  

Commenting on the findings, David Burrows, head of Getamover.co.uk,

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“Buying a home is expensive no matter where in the UK you choose to settle down, but a fantastic investment, this study gives huge insight into the most desired areas of the country and where you might find yourself having to pay rather a lot more than the original list price. 

Typically in the UK, the best time to purchase or sell a property is during spring or summertime. By avoiding the colder winter and autumnal months, the risk of having to move during adverse weather conditions like snow and ice is less likely, making a more seamless completion of the sale and getting you in or out of your new home in no time. 

Interestingly, despite London being the most populated city in the UK, it struggles to sell homes above the original list price compared to similar popular areas such as Manchester and Glasgow, which rank higher in the rankings. House prices are also affected by the seasons. Prices are higher at certain times of the year, often spiking in the summer months, especially July, in comparison to the colder months mainly after the Christmas period. It has been found that there are more buyers in the market in spring and summer which means prices do not need to be discounted.” 

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