UK’s most unwanted homes on sale for more than a DECADE – but would you snap them up?
BRITAIN'S most unwanted home has been looking for a buyer since February 2009.
New research by packing provider revealed which homes have been listed for the longest time across each area of the British housing market.
The pandemic saw a huge property boom which saw prices and demand hit historic highs.
But, while most sellers enjoyed quick sales and secured handsome prices during the boom, not everyone was so lucky.
Here we take a look at the unlucky sellers who have found shifting their property the toughest.
London, £349,995, 14 years
The longest active listing in London, and Britain, has been on the market for 5,139 days.
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It is a in East London with a current asking price of £349,995.
It was first put up for sale on February 16 2009.
Havant, £140,000, 14 years
Things are just as bad for the unlucky seller of this one-bed retirement flat in Havant, Hampshire.
It’s been on the market since July 4 2009 (5,001 days) and has a current asking price of £140,000, making it the least wanted home in the South East.
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Durham, £64,950, 13 years
The North East’s least loved property is a two-bed terrace in Peterlee, Durham.
Despite an accessible asking price of just £64,950, it has been sitting on the market for 4,627 days having been originally listed on July 13 2010.
Bury, £100,000, 12 years
The oldest listing in the North West is this which has been on the market for 4,328 days.
Wales, £700,000, 8 years
The most unwanted homes in Wales and the East Midlands have both been on the market since 2016.
Meanwhile the oldest listings in the West Midlands, East of England, and Yorkshire & Humber have been on the market since 2017.
Bristol, £250,000, 4 years
Finally, the least loved home in the South West is this in Bristol which has been waiting for a buyer for 1,659 days.
Moverly co-founder Ed Molyneux, commented: “It’s been long understood and just as long maligned that Britain’s homebuying process is utterly archaic and, therefore, takes far too long to complete, leaving both sellers and buyers frustrated and leading to all manner of unwanted occurrences such as broken chains and fall-throughs.
“But in order to even start this old-fashioned transaction process, you’ve actually got to find a buyer which is something that the owners of these unwanted homes are no doubt desperate to do by now.
“It might come as a surprise to hear that, during our nation’s much-reported housing shortage, perfectly good homes can sit on the market for more than a decade without finding a buyer, but there are any number of reasons why this might be.
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“The asking prices might be too high; the property itself might be too unique or quirky, requiring an acquired taste; or perhaps they're in a state of such disrepair that nobody is willing to touch them.
“It’s also possible that the homes have simply not been marketed in a manner that attracts the buyers that the property itself deserves.”