More choice for buyers: 159 homes for sale, the most this year, though sales agreed picked up to 7 last week.
Widcombe & Bathwick's weekly property news, from Jack and Luke Flower.
This week at Flower Property
Properties for sale
The week in numbers
Sales
On the market = homes available to buy now, not those under offerSelling? Buyers have more to choose from than at any point this year, so price it right from day one. The busiest band last week was £350,000 to £500,000, with four sales agreed.
Buying? Choice is up and some sellers are open to offers, especially on homes that have been listed for a while.
Lettings
On the market = homes available to rent now, not those let agreedLetting? Still tipped towards landlords: only 23 homes to rent, the fewest this year, and 18 let in the last month against 21 new. Rents have levelled off, with two of last week's three lets agreed between £1,500 and £2,000pcm.
Renting? Be ready to commit the day you view: references, deposit and a decision.
Green Park, Bath · £380,000
Two bedrooms, share of freehold, no work needed. At £2,250pcm it would let above the local three-month average of £1,926pcm.
The last three months
One number per chart, week by week. The orange dot is last week and the dashed line is the three-month average.
Homes for sale
Sales agreed each week
Price per square foot
Homes to let
Lets agreed each week
Average rent agreed
Who has the upper hand? Homes coming on against homes selling
What we've been up to
The bigger picture
Widcombe and Bathwick, side by side
| WidcombeBA2 4 | BathwickBA2 6 | |
|---|---|---|
| Homes listed | 43 | 146 |
| Share already under offer | 56% | 41% |
| Median asking price, available | £625,000 | £450,000 |
| Median days on the market | 72 | 97 |
| New listings, last 7 days | 2 | 3 |
| Price cuts, last 14 days | 1 | 11 |
Widcombe is the tighter market: more than half of what is listed is already under offer, homes sell faster and only one seller has cut their price in a fortnight.
Bathwick has far more choice and more price cuts, which is where buyers will find room to negotiate.
Homes listed includes homes already under offer, and the areas follow Rightmove's Widcombe and Bathwick boundaries, which is why the totals differ from the weekly figures above.
What homes actually sold for
Each point is the middle sale price over the 12 months to that date, which smooths out the lumpiness of a few big sales. Land Registry records sales two to three months after completion, so the latest figures will firm up.
The last 12 months, by type
| Median | Sales | vs year before | |
|---|---|---|---|
| Flats | £350,000 | 87 | +1% |
| Terraced | £700,000 | 69 | −5% |
| Semi-detached | £865,000 | 35 | +21% |
| Detached | £910,000 | 34 | −24% |
Where the money went
Over half of all sales were above £500,000, and one in five was over £1m.
What's on in Widcombe & Bathwick
Practical Retrofit: Natural Materials
Widcombe Social Club · FreeShort practical talks on improving older homes, from Go Green Widcombe.
See the details →Bath Rugby v Exeter Chiefs
The Recreation Ground · PremiershipFriday night rugby at the Rec, a short walk over Pulteney Bridge.
Buy tickets →Eric Ravilious and the Artists of the Chalk Downs
The Holburne Museum · With admissionA new exhibition of English landscape, running until 10 January.
Find out more →Off the Wall Films: Deaf (Sorda)
Widcombe Social Club · £9, members £7Community cinema in the heart of Widcombe.
Book a seat →Find the part of Bath that suits you
Twenty questions, about three minutes: find the part of Bath or the villages that suits how you want to live, with real prices, trains, schools and pubs.
Take the quizPop in, the kettle's on
We're at 2 Sussex Place on Widcombe Parade, two minutes from Bath Spa station. No appointment needed.
+44 7886 214 323 · jack@flowerproperty.co.uk · @jackflowerproperty
