New research has shown some of the most unwanted homes in the country, with some sitting on the market for over 10 years.
The research, done by Moverly, revealed that despite the boom in people buying and selling houses during the pandemic, some properties just won't shift. In Leeds, one city centre flat has been on the market for three years.
Flats in the city centre are usually highly sought after, with the rental and buying market often quite a cut-throat experience for those looking to move. But, one property, on the river for £127,000 seems to have had little interest in the years it has been up for sale.
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Moverly analysed property stock on Rightmove to find the homes that have been listed for the longest time across each area of the British housing market.
Found on Neptune Street, the property features what the estate agents call an "exceptional" living space in a large one-bedroom apartment. The property has easy access to the motorway and has a lounge and dining area with a luxury fitted kitchen.
Further into the property there is the double bedroom, a deluxe bathroom, wood flooring and sealed double glazing. The flat also sits on the waterfront by the River Aire, making it quite a prime location in Leeds city centre.
The £127,000 flat is part of a 2005 conversion of an original Victorian building, boasting natural light and an open space. Despite these features, the property has been on the market for over 1,000 days, first appearing on Rightmove in March 2020.
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.
"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."
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