Bradford and Sheffield are the best places in the UK to sell your home

Sheffield is the best place in England and Wales to sell a home as home sellers have achieved 99.2 per cent of their original asking price in the last year.

Homes in Sheffield are selling at the closest to the asking price in the whole of England and Wales

This is followed by Bradford, where sellers got 98.6 per cent of the asking price.

The average sale price in Sheffield was £185,042 and in Bradford £59,061. In the research, by GetAgent.co.uk, Bradford had on average some of the lowest house prices.

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Nationally, home sellers have secured 95.8 per cent of the asking price in the last 12 months, with the average home selling for £13,303 below the original asking price of £319,789.

Kensington and Chelsea, where homes are the most expensive with an average asking price of £1,274,175, saw homes sell at 93.1 per cent of the asking price, a difference of £87,408.

The trend in recent years in many parts of London is that homes would sell for more than 100 per cent of the asking price, but this has fallen back.

Founder of GetAgent.co.uk, Colby Short, said: “It’s been a pretty turbulent time for buyers and sellers across the property market over the last year, in particular. For those home sellers that did brave it and decided to sell, the vast majority have managed to secure a very good percentage of asking price.

“Even in the worst-performing areas, 92 per cent is no kick in the teeth and demonstrates that even in much tougher periods property is still a very stable investment.

“With buyer demand now flooding the market, the pendulum should shift back towards the seller and we should see the asking price achieved breach the 100% mark in a number of areas once again.”

The housing market has surprised many people by being buoyant and bouncing back after the initial lockdown period.