‘Phil and Kirstie effect’ is likely to boost demand for homes in Leamington

Tue 11 Sep 2018

The “Phil and Kirstie’ effect is likely to boost demand for the limited number of properties for sale in Leamington, believes estate agency ehB Residential, which made an appearance on TV’s Location, Location, Location last week.

Presenter Phil Spencer explained that demand for a limited supply of homes available in the town meant that those which were available were snapped up almost as soon as they went on the market, with many going at open days.

His comments are backed by ehB Residential MD Edward Bromwich, who says those putting their homes up for sale this autumn are likely to be overwhelmed with viewings.

“The fact that Phil was highlighting the difficulty of finding a house in the town, combined with the national publicity now given to its charms via the programme, means now is a good time to sell.

“Autumn is traditionally the busiest time for people to put their houses on the market. That ‘start of term’ feeling has a lot to do with it, along with people wanting to move into their new home by Christmas.

“And now that property pundit Phil has spelled out the speed at which the market is moving, this autumn may be even more popular.”

Phil and Kirstie were in town searching for a three-bedroom home for a young couple and their daughter – with a1930s semi in Wathen Road for sale through ehB Residential instantly winning their hearts.

They almost literally drooled over the joys of living in Leamington and pointed out that prices in the town had risen by 5.9% over the past year - the second highest rise in England - making house price £94,000 above the national average.

Rightmove statistics show ehB Residential was the highest performing estate agency in Leamington terms of both new instructions and sales in the first half of 2018 – beating 53 other agencies to top place.