Nine in 10 homeowners who sold in 2023 made 25% in profit
The average profit made by home sellers in 2023 was £74,000, reports Zoopla this week.
Nine in 10 homeowners who sold in 2023 made 25% in profit, with the average seller of a £275,000 property earning £74,000.
Zoopla reports that the average seller in 2023 put their property on the market after nine years. In that time, their homes earned them between £30,000 to £137,000, depending on where they lived.
In London, the average seller made £137,000, which works out at just over £15,000 for each year of ownership.
In Yorkshire & The Humber average gains at sale were £52,000.
Zoopla analysed a sample of over 10,000 Land Registry entries from the past 12 months to see how much profit sellers made last year. A total of 93% of sellers made a profit.
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