All out of homes – estate agent temporarily ‘sold out’ of all housing stock

An estate agent has been ‘marketing properties so well’ in a Worcestershire town that it has temporarily ‘sold out’ of all housing stock.

Nicol & Co says its new offices in Malvern have already completed on 49 properties since opening in January this year and now have a further 17 homes under offer.

Erica Hinwood, Nicol & Co’s sales manager, who works from the offices at 61 Court Road, said her team’s ‘swift and successful activity’ meant they had ‘sold out of all our stock’.

“We currently don’t have anything for sale, as every single one of the properties we have been marketing for sale is under offer,” Hinwood explained.

“This is only a snapshot in time, and we have got new listings in the pipeline, with customers at various stages of signing their homes up with us.

“But this very temporary situation where we have ‘sold out’ of all our stock reflects on the swift and successful activity by the team here in the Malvern office.”

The last property sold, subject to contract, by the team at Nicol & Co’s Malvern office was a five-bedroomed, detached house which was on the market for £575,000.

Amanda Hermiston, the seller of the property, said: “Right from the outset they worked tirelessly on selling our property, pitching it just right to the marketplace, and then no call went unanswered, and none of our needs went unmet.

Hinwood’s team in the Malvern office includes sales consultant Charlotte Rowe and sales progressor Hannah Sheppard, with their hard work recently recognised when they won a Gold Award for the town in the British Property Awards.

Hinwood added that new stock that they soon hope to bring to market includes a property in Powick that requires modernisation, a ‘lovely Victorian cottage’ in between Leigh Sinton and Malvern, and a low-cost home in Upton upon Severn.

Matt Nicol, managing director of Nicol & Co, which also has branches in Droitwich and Worcester, commented: “This is great work by our Malvern team who are quickly and professionally selling everything that comes into the office.

“We are proud of their top performance and now look forward to their continued success in Malvern and across Worcestershire.”