While challenges such as affordability and interest rates persist, the balance of supply and demand, coupled with innovative marketing approaches, has created a favourable environment for savvy homeowners and buyers alike.

Nationally, the average asking price has risen by 1.7% month-on-month to £366,189, marking the largest January increase since 2020. This reflects renewed confidence, driven by a record number of sellers entering the market, 11% more than this time last year​. In Bassetlaw, where property prices are typically lower than the national average this trend is especially significant as homes in the £300,000-£500,000 range are now attracting "second-steppers" and "top-of-the-ladder" buyers, groups that are showing more robust activity this year​.

Locally, the number of sales agreed has also increased, buoyed by motivated buyers eager to move early in the year. Nicholsons data shows that competitively priced properties, enhanced by professional presentation and marketing, are attracting significant interest, often resulting in multiple viewings within days of being listed.

Bassetlaw offers a unique blend of rural charm and strong connectivity, making it highly desirable for professionals and families alike. The area benefits from easy access to commuter links, excellent schools, and a mix of historic and modern homes. These factors, combined with the rising demand seen nationally, have contributed to heightened activity in the local market.

Key observations for Bassetlaw include:

The mortgage market remains a challenge, with average five-year fixed rates at 4.75% and affordability constraints continuing to impact buyer behaviour​. This has led to more cautious decision-making, particularly among first-time buyers and those at the lower end of the market. However, mid-range and premium properties in Bassetlaw have seen steady activity, driven by buyers who are less affected by affordability pressures.

For sellers, working with an experienced agent who understands pricing strategy is critical. Overpricing can lead to extended time on the market, especially in a climate where buyers are acutely price-conscious. Nicholsons expertise ensures that properties are priced to sell while maximising value​.

In today’s competitive market, reducing the risk of a sale falling through is more important than ever. Nicholsons SecureMove method offers a solution to this common concern. By introducing reservation agreements, SecureMove:

For those considering selling, now is the time to act. The combination of increased buyer activity and Nicholsons proven marketing methods, including:

These tools not only attract buyers but also encourage competitive bidding, achieving the best possible price for your property.

The property market is poised for a promising year, but challenges remain. The April stamp duty changes could affect demand, particularly in the mid-range market, while high mortgage rates may continue to restrict affordability for some buyers​. However, with early indicators pointing to a busy start to the year, sellers who act now stand to benefit from a motivated pool of buyers.

At Nicholsons, we are committed to guiding you through the process with expertise and care. Our tailored approach, combined with the SecureMove method, ensures a seamless and stress-free sale.

Thinking of Selling? Whether you’re ready to sell or simply exploring your options, contact Nicholsons today. Let us help you achieve the best result with expert advice, innovative marketing, and unparalleled local knowledge.