While some properties get snapped up within hours of hitting the market, others can take a little longer to become someone’s new home.
Properties which have been waiting for a buyer for some time could mean you are in a better position to haggle the price down, so there’s a chance you could grab a bargain.
A welcome prospect, particularly in the current climate.
House prices have fallen for the first time this year, though this is likely more due to holidays than interest rate rises.
— Rightmove (@rightmove) August 17, 2022
Find out more in our monthly House Price Report here - https://t.co/7LDcewCDMR pic.twitter.com/GGfBV0ZzpR
Of course, one of the reasons a property might not be selling is because the vendor is asking too high a price and is unwilling to come down on it, so it’s important to do you research on the current market and compare prices to recent sales in the area.
Isle of Wight properties on the market the longest
These are five properties on the Rightmove website which are among those showing to have been waiting the longest for a buyer.
The Broadway, Totland Bay
Flat - one bedroom
Guide price: £145,000
Listed on Rightmove: January 7, 2019
A top-floor flat with views from all rooms.
For more information on this property, visit the Rightmove website.
Drill Hall Road, Newport
Ground floor flat - one bedroom
Offers in excess of: £110,000
Listed on Rightmove: August 11, 2021
A ground-floor flat convenient for schools, churches and Newport's shops and facilities.
For more information on this property, visit the Rightmove website.
Cowes, Isle of Wight
Apartment - two bedrooms
Guide price: £335,000
Listed on Rightmove: August 11, 2021
This first-floor apartment benefits from a highly convenient location, a short walk from the shops, restaurants and sailing facilities of Cowes.
For more information on this property, visit the Rightmove website.
Ashey, Ryde
Upper floor apartment - three bedrooms
Price: £295,000
Listed on Rightmove: August 31, 2021
A spacious, recently-converted first-floor apartment with a private entrance, seaward facing lounge/diner and wraparound balcony.
For more information on this property, visit the Rightmove website.
Medina Gardens, Cowes
Flat - two bedrooms
Price: £275,000
Listed on Rightmove: October 8, 2021
A top-floor furnished apartment in a modern building in the heart of the town.
For more information on this property, visit the Rightmove website.
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