Mansfield homes are among the fastest selling in the country
Mansfield has been named as a property hotspot in England and Wales – with homes in the area taking little more than a month to sell.
Figures from property website Zoopla show homes across the district are being snapped up within 33 days of going on the market – putting it in 13th place nationally in the fastest moving market, according to the research.
The fastest selling homes across Mansfield are two-bedroom, semi-detached properties and are typically selling for anywhere between £100,000 and £150,000.
Zoopla suggests the figures are due to a rush for home-buyers to ‘clinch a deal’ before the end of the extended stamp duty holiday in September.
But ‘extremely busy’ estate agents in Mansfield say lockdown has been a major factor.
Neil Temple, residential director at David Blount, described the market as ‘quite surreal’.
"There are a number of reasons to consider,” he said. “People have had time to reflect on their lives during lockdown. There have been many things we could never have factored in for.
"People have wanted to move to have more outdoor space, sadly, lockdown saw more people divorcing and some have died prompting sales, others are down-sizing to release capital, probably earlier than they would have done.
"There’s been investment in the area too, large employers have come, like Amazon, it gives people optimism to move here.
"The outlook for the Mansfield and Ashfield has never been so positive, and with how the area is now being viewed.
“The average house price in Mansfield is around £150,000 to £160,000. People’s expectations over the speed of sales is changing.
"Some houses sell in four to six, weeks, obviously some faster some slower, but not long ago the expectation was three to six months.”
John Sankey, who has run his estate agency since 1968, said the past 12 months have been ‘incredible’.
He said: “I have never experienced anything like this. We have had an incredible period during lockdown, with many people still wanting to move house.
"When the stamp duty holiday finishes, we are likely to have a much quieter period, because to be honest, it has just been frantic. If you put a house on the market you will probably be inundated with potential buyers.
"At the end of the day we are largely a house-owning nation.”