Home Selling Properties completing on Valentine’s Day sell for 8% more

Properties completing on Valentine’s Day sell for 8% more

If anyone is in need of a bit of love this Valentine’s Day it’s the UK property market having been ghosted, neglected and avoided by buyers and sellers for the best part of the last three years. The property market has been spreading the love to those completing on Valentine’s Day despite this. 

Valentine’s Day Sold Prices

Based on sold price records, we’ve looked at the average sold price on 14th February over the last three years and how it compared to transactions across England and Wales over the rest of the year. 

The data shows that last year, over 2,000 homebuyers sealed the deal on V.Day with those homesellers breaking it off with their current property doing so with an average sold price of £317,993, 8% more than sold prices across the rest of the year. 

The previous year V.Day sold prices hit 3331,062, a 12% jump above the rest of the year, with 2017 seeing an increase of 7% in sold prices on V.Day when compared to the rest of the year. 

Most Expensive and Least Expensive

There apparently someone out there for everyone and the same applies within the nation’s property market. 

Last year the difference between the most and least expensive Valentine’s Day sales was a huge 30,979%, with the most expensive sale, a terraced house in Kensington and Chelsea’s St James’s Garden, going for £5,905,000. The most affordable was the sale of a terraced house in Durham’s Wheatley Hill for just £19,000. 

If you’re looking for that special someone that will stick with you through thick and thin, the good and the bad, and remain consistently reliable, look no further then the nation’s property market. 

While we’ve seen some tough times of late, the future is looking bright now we’ve broken up with the EU, and our departure has helped us discover a newfound level of confidence where buying and selling is concerned.

However, if you have been lucky enough to secure a sale on Valentine’s Day over the last three years, chances are you’ve defied the Brexit blues and sold for a higher price than you might have throughout the rest of the year.

Valentine’s day average sold prices
Year Valentine’s Day Sold Prices Valentine’s Day Sales Overall average price % difference Vday vs overall
2019 £317,993 2205 £294,489 8%
2018 £331,062 1858 £294,429 12%
2017 £309,532 1556 £290,321 7%
Most expensive Valentine’s Day property sales
Year Price property type street district county
2019 £5,905,000 T ST JAMES’S GARDENS KENSINGTON AND CHELSEA GREATER LONDON
2018 £3,545,000 D WILDWOOD ROAD BARNET GREATER LONDON
2017 £2,875,000 F BOURDON STREET CITY OF WESTMINSTER GREATER LONDON
Most affordable Valentine’s Day property sales
Year Price property type street district county
2019 £19,000 T GREENHILLS TERRACE COUNTY DURHAM COUNTY DURHAM
2018 £27,000 T ROYDS STREET HYNDBURN LANCASHIRE
2017 £19,000 T DENT STREET HARTLEPOOL HARTLEPOOL

Leave a Reply