Properties completing on Valentine’s Day sell for 8% more <3

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. But the latest research by lettings and sales agent, Benham and Reeves, has found that 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, Benham and Reeves 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 home sellers 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 £331,062, 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

Apparently there’s 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.

Director of Benham and Reeves, Marc von Grundherr, commented: 

“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 than 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

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Home and Living

10 Tips for Moving Home

Moving home is an exciting yet challenging experience, requiring careful planning and organization. The moving process can be stressful if not handled properly, from sorting belongings to managing time. These 10 tips aim to make your move smooth and stress-free, helping you easily settle into your new space. 1. Start Planning Early The earlier you…
Read More
Breaking News

A third of UK homes for sale are ‘chain-free’ reports Zoopla

Recent tax changes and incoming council tax premiums for second homes have unsettled property investors and second homeowners with some now looking to sell One week on from the Autumn budget, buyer enquiries for homes that are chain-free are 33 per cent higher compared to those not advertised as chain-free 41 per cent of two…
Read More
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker 06/11/24

The average 5-year fixed mortgage rate is now 4.66%, down from 5.33% a year ago The average 2-year fixed mortgage rate is now 4.92%, down from 5.76% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.69%, down from 5.40% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.91% a year ago The average monthly mortgage payment on a…
Read More
Overseas Property

Top reasons to consider buying a luxury villa in Phuket Thailand

Those who have worked hard for many years are often looking for ways to invest their cash so that they can enjoy life to the max in their advancing years. Some might decide to dabble in the stock market or insurance policies to enhance their savings, while others might look to purchase something more physical…
Read More
How to add value to your home
Estate Agent Talk

5 Top Tips for Running a Business From Home

Have you ever wanted to start and run your own business from home? Although it’s an incredibly rewarding experience, it can be tough to set up and know where to start, especially if you have no business experience or background! Whether you want to run a small business, or have grand ambitions for eventual expansion,…
Read More
Estate Agent Talk

The Importance of Time Management for Real Estate Investors

Time is one of the most valuable assets for real estate investors, especially when juggling multiple projects, clients, and market trends. Without a strong grip on time management, getting bogged down in tasks that don’t drive growth is easy. You see, every minute spent on admin tasks or low-value activities is a minute that could…
Read More