29% of average Londoner's salary spent on estate agent fees!

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Published on

Metro coverage of online estate agents SellMyHome's research

Here at SellMyHome.co.uk we did some interesting research and discovered that 29% (over a quarter) of the average Londoner's net salary can be spent on selling a property via a high street estate agent - and that doesn't even include VAT, moving home or indeed purchasing a new property.

Average London House Price - £403,792

Average High Street Estate Agent Fee @1.8% - £7,268

Average Cost of a Solicitor - £768

Average London Net Salary - £27,693

Selling Cost as a % of overall net salary - 29%

To us, this seemed shocking and something which we felt needed to be shared with both Londoners and indeed homeowners across UK. The result was a full page in today's Metro! Our phones are off the hook and we're thrilled that our #propertyrevolution message is being spread. It just goes to show that using an onling estate agent to sell your home really will save you many thousands of pounds.


Looking to rent your home instead? Try RentMyHome.co.uk