Properties in East Renfrewshire have been selling higher above the listing price than any other area in the UK, new research from Getamover.co.uk has revealed.
Getamover.co.uk analysed historical Zoopla data for homes sold at a different amount than the list price.
The average sale price, average listing price and the difference between the two were considered to reveal which areas see the most homes above their original list price and how much more on average.
On average, a home in East Renfrewshire sold for £272,187, but homes were listed initially at an average price of £235,479.
Potential buyers looking to purchase a house in this area saw an average price increase of £36,708.
East Dunbartonshire took second place, with the average home in this area selling for £262,979 compared to its £228,824 list price, a difference of £34,155.
Cambridge was third on the list, with homes selling for around £31,662 more than originally listed.
The average sale price for a home in Cambridge was £779,219, but houses tend to be listed for around £747,557.
In fourth place was Edinburgh, with an average selling price of £329,51; homes in this city had an average listing price of £298,887, leaving a gap of £30,627 more than anticipated.
Completing the top five was East Lothian, where homes were listed, on average, at around £255,219, but typically sold for £284,675, which is £29,456 more than the original price range.
The City of London saw houses sold on average at £807,500. However, homes were typically listed at around £849,983, which is a £42,483 reduction in price.
On the other hand, Manchester was listing houses at £228,138 on average, but the properties on the market were selling at an average of £234,848, which is £6,711 more than the average list price.
David Burrows, head of Getamover.co.uk, said: “Buying a home is expensive no matter where in the UK you choose to settle down, but a fantastic investment, this study gives huge insight into the most desired areas of the country and where you might find yourself having to pay rather a lot more than the original list price.
“Typically, in the UK, the best time to purchase or sell a property is during spring or summertime.
“By avoiding the colder winter and autumnal months, the risk of having to move during adverse weather conditions like snow and ice is less likely, making a more seamless completion of the sale and getting you in or out of your new home in no time.
“Interestingly, despite London being the most populated city in the UK, it struggles to sell homes above the original list price compared to similar popular areas such as Manchester and Glasgow, which rank higher in the rankings.
“House prices are also affected by the seasons. Prices are higher at certain times of the year, often spiking in the summer months, especially July, in comparison to the colder months mainly after the Christmas period.
“It has been found that there are more buyers in the market in spring and summer which means prices do not need to be discounted.”
