1 bed, 2 bed or 3 bed homes – Which Sell the Best in East Grinstead?

In the late Spring, it was taking on average 91 days from the property coming on the market for it to be sold subject to contract (and that was based on every Estate Agent in East Grinstead) … and today … now unsurprisingly, it takes 152 days...

We are asked by a number of landlords and homeowners what difference the type of property (i.e. Detached/Semi/Terraced/Apartment) makes to saleability and also the saleability of property by the number of bedrooms. As I have said before, whether you are an East Grinstead landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home; finding a buyer and selling your property can take an annoyingly long time… but anything you can do to mitigate that is helpful to everyone.

So, I did some research on the whole of the East Grinstead property market .. and these were my findings … to start with by type (i.e. Detached/Semi/Terraced/Apartment)….

<img src=/sites/default/files/imagecache/full_width/screen_shot_2018-12-11_at_13.47.46.png" alt="" title="" class="imagecache-full_width" />

As you can see, the star players are the terraced/town house and semi-detached variants of East Grinstead property, whilst apartments are more sticky.

Next I looked at what the number of bedrooms does to the saleability of East Grinstead property..

… and as you can see the five bedroom properties seem to be taking the longest time to sell ..and to answer the question in the title .. it’s three bedroom properties!

So, what does this mean for East Grinstead buy-to-let landlords and homeowners?

There is no doubt that there is a profusion of properties on the market in East Grinstead compared to 18 months ago … it’s not because more houses are coming on to the market, it’s because they are also taking a little longer to sell. This makes it slightly more a buyer’s market than the seller’s market we had back in 2014/15/16. Therefore, in some sectors of the East Grinstead property market, it is much tougher to sell, especially if you want to sell your East Grinstead home fast.

Therefore, to conclude, on the run up to the New Year, if you are looking to buy and plan to stay in the buy to let market a long time, perhaps take a look at the East Grinstead properties that are sticking as there could be some bargains to be had there? Want to know where they are .. drop me a line and I will tell you a nifty little trick to find all the properties that are sticking.

Kate Boyes MRICS

Kate Boyes FARLA MRICS

Group Director

Kate has been letting and managing property for 15 years, having established Alexandre Boyes Residential Lettings in 2003 and Alexandre Boyes Estate & Block Management in 2007. Kate is fiercely proud of the reputation both teams have in Tunbridge Wells & East Grinstead. Kate launched a national product, Resident, in August 2014 being an online property management software that is now utilised by Alexandre Boyes clients enabling them to log in and transparently view information on their blocks of flats and estates.

Kate has a first class honours degree in Land Management from the University of Reading specializing in Investment & Finance, and trained at Nelson Bakewell (now Capita Symonds), a Property Consultancy, in London. She qualified as a Chartered Surveyor in 2004, and is a Fellow of ARLA. She became a Board member of ARLA in June 2015, representing Kent, Essex, Norfolk, Suffolk & Cambridgeshire.

"Our aim over the last 20 years has been to develop Alexandre Boyes into the 'go to' local agent, the alternative choice to the major brands. Contemporary, fresh marketing combined with genuine traditional values and service, and most importantly in depth local as well as professional knowledge make us the obvious choice."

Kate's role at Alexandre Boyes lettings focuses on valuations and new business, procedures & policies, and marketing. In block management she advises on new business, and oversees policy and procedures internally. When she isn't working (which is not very often!) she can be found enjoying a glass of wine at Sankeys or spending time with her three children at home in Sussex.