Latest must-have for home buyers is in short supply

Latest must-have for home buyers is in short supply


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New research has found that London homes with patios have become highly sought after, with 41% of those currently listed being snapped up by eager buyers. 

However, only 8% of properties currently on the market in London offer this feature.

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The analysis examined current live listings data from Zoopla.

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Overall, 40.8% of homes featuring a patio and currently listed for sale have been marked as sold subject to contract. Outer London boroughs have more to offer. 

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Waltham Forest emerges as the hottest location, with almost two-thirds (64.8%) of patio homes already secured by buyers. Bexley (58.5%), Sutton (56.9%), Redbridge (55.5%), and Havering (54.1%) also demonstrate robust demand, with over half of all patio-equipped properties already finding a buyer.

In terms of stock availability, Havering leads with 19.1% of for sale stock offering a patio, followed closely by Bromley (18.5%) and Hillingdon (15.8%). Bexley (13.1%) and Harrow (13.9%) also provide relatively high proportions of homes with patios.

Conversely, buyers searching in the City of London face the toughest challenge, with patio-equipped homes making up just 1.4% of available properties. Tower Hamlets (1.6%) and Newham (2.8%) also rank among boroughs offering the lowest availability of patio-equipped housing.

Marc von Grundherr, Director of Benham and Reeves – the agency which commissioned the survey – comments: “Outdoor space continues to be a prized asset among London homebuyers and renters alike, especially during the warmer months and since the Covid pandemic.

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“Our analysis highlights how homes with patios are being snapped up at pace, meaning those looking to sell a property complete with a patio should have no problem securing a buyer.

“Of course, with availability varying widely by borough, those hoping to secure a summer-ready home may need to broaden their search or be prepared to act decisively when suitable properties become available.”

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