The January sales on the high street are fully underway and the housing market is no exception. There are some highly attractive property bargains available, according to experts.
It comes ahead of Brexit at the end of the month, with buyers in some locations reducing the prices of their homes in a bid to secure a sale amid the political uncertainty – while others have simply overpriced their homes in the first place.
The discounts on offer range from £4.7million in London to £35,000 in the village of Mynytho in Wales.
Price slash: The January sales on the high street are fully underway – and there are also some property bargains to be had
Property website Rightmove has picked 10 homes for sale that have seen their asking prices all drop up to around 30 per cent, from across the country.
Miles Shipside, property expert at Rightmove, said: ‘There are hidden gems waiting to be found right across the country and, at this time of year, there are likely to be bargains to be had.
‘But spend your time wisely doing proper research and you may just find the home of your dreams for a cheaper price than you imagined.’
Jeremy Leaf, north London estate agent and a former RICS residential chairman, says: ‘We have seen “on the ground” since the election more confidence among buyers and sellers in the future direction of the housing market.
‘Demand can only remain pent-up for so long as mortgage rates at near record lows and inflation is being contained, contributing to improving affordability.
‘There are certainly opportunities for those sellers who recognise the importance of flexibility and are realistic when agreeing terms and getting a move on.’
Rightmove has picked 10 homes for sale that have all seen their asking prices reduced
1. St John’s Wood, London – £4.7m reduction
This five-bedroom property in London’s fashionable St John’s Wood was initially put on the market for £15.5million, but has since seen its price tag drop to a guide price of £10.8million.
It is a drop of 30.32 per cent, which translates to an eye-watering £4.7million in monetary terms.
The house was built 25 years ago by the current owner and is described by the estate agent handling the sale – Beauchamp Estates – as a ‘country-style family home’.
The five-bedroom house is in London’s fashionable St John’s Wood and was built 25 years ago
It is a light property that includes period features and plenty of entertaining spaces
The staircase on the ground floor leased to the five bedrooms upstairs
2. Copse Hill, London – £1.15m reduction
This detached property in South West London comes with planning consent to replace it with two new family homes.
It previously had an asking price of £3.8million, but this currently stands at £2.65million, after the price was dropped by a total of 30.26 per cent – the equivalent of £1.15million.
The house is in West Wimbledon and is being sold via estate agents Hamptons International.
The detached house has five bedrooms and is in West Wimbledon, near Wimbledon Village
The property comes with planning consent to replace it with two new family homes
3. Maidstone, Kent – £215k reduction
If you’re looking for renovated Georgian townhouse that costs less than £500,000, this property could fit the bill.
It was initially for sale for £710,000, but has since seen its price drop to £495,000, a reduction of 30.28 per cent or £215,000. The sale is being handled by estate agents Purplebricks.
This renovated Georgian townhouse in Maidstone, Kent, now costs less than £500,000
The renovated interior retains some attractive original features such as the sash windows
There is a large space dedicated to a mini-bar with a bar stools to entertain friends
The bright cinema room has red seating and a dark coloured feature wall
The bright interiors continue in the bedrooms with orange and grey featuring heavily
4. Farnhill – North Yorkshire, £214,950 reduction
This three-bedroom detached house enjoys breathtaking views of the Aire Valley, and yet it is within easy reach of West Yorkshire and East Lancashire business centres.
The price has been reduced by 30.71 per cent, or £214,950, from £699,950 or £485,000. The sale is via estate agents Dacre Son & Hartley.
The three-bedroom house is called Crag Top House and boasts a quiet location
What a picture! It also enjoys breathtaking views of the Aire Valley, in Yorkshire
The dated interior requires updating, and could become a welcoming family home
There is a garden room with a door to the spacious grounds that include several outbuildings
One of the outbuildings has been turned into a games room with a fitness space
5. Billingshurst – West Sussex, £190k reduction
This four-bedroom barn conversion in West Sussex centres around a vaulted living area with a feature fireplace.
The property has seen its price reduced from £1,475,000 to £1,285,000, a drop of 12.88 per cent or £190,000. It is on the market via estate agents Knight Frank.
The property is access via a long shared drive and boasts a countryside setting
The four-bedroom barn conversion in West Sussex was converted in 1986
There is a swimming pool and a separate oak pool house with a steam room
Inside of the barn conversion, the living area centres around a feature fireplace
6. Kington, Herefordshire – £175,500 reduction
This Grade II listed semi-detached house in Hertfordshire has five bedrooms, stables, workshops and a large double garage.
It was initial on the market for £575,000, but following a 30.52 per cent price drop of £175,500, it can now be snapped up for £399,500 via estate agents Chancellors.
This Grade II listed semi-detached house in Hertfordshire has five bedrooms
Inside the property, there is an abundance of original features, including wooden beams
7. Tunbridge Wells, Kent – £145k reduction
This property is a split level masionette in a period building, with the access to the apartment from the communal entrance or private side access.
It has seen a 30.53 per cent price drop, from £475,000 to £330,000. It equates to a reduction of £145,000.
The estate agent handling the sale of the Tunbridge Wells flat is Martin & Co.
This flat, which is in a period building, has seen a 30.53 per cent price drop
The modern kitchen has clean lines and a small breakfast bar where a person can sit
The main living area in the flat has a large window, high ceilings and a fireplace
8. Ross-on-Wye, Herefordshire – £140k reduction
This Grade II listed townhouse has six bedrooms and is within a few hundred yards of the centre of Ross-on-Wye.
It is currently for sale for £325,000, having initially been listed for £465,000, meaning a price reduction of 30.11 per cent or £140,000. The sale is via Morris Bricknell estate agents.
This Grade II listed townhouse is within a few hundred yards of the centre of Ross-on-Wye
Same ownership@ The property has been owned by the current owner for 47 years
9) Mynytho, Wales – £35k reduction
This chapel for sale is is only a few miles from the Welsh seaside resort of Abersoch, and it could make a lovely family home subject to the necessary planning consents.
It is currently for sale for £80,000, down from £115,000. It is a 30.43 per cent drop, or the equivalent of £35,000.
This chapel for sale is is only a few miles from the Welsh seaside resort of Abersoch.
It would need a complete renovation if it is going to be transformed into a family home
10. South Kensington, London – £700k reduction
This first floor flat in London’s South Kensington has two bedrooms and impressive high ceilings.
It has been reduced from an initial asking price of £2,199,999 to its current level of £1.5million. It is a drop of 31.79 per cent, or a substantial £699,999 in monetary terms. The sale is being handled by Foxtons estate agents.
This first floor flat in London’s South Kensington has impressive high ceilings
It has a good sized outdoor space on this terrace and is near the shops on Gloucester Road
Natural wood touches: It has two bedrooms with wooden floors and wooden shutters