People sometimes assume February is a quiet month for property. It isn't, and this year less so than most.
Base Rate Held at 3.75%
On 5 February, the Bank of England's Monetary Policy Committee voted 5-4 to hold the base rate at 3.75%. It was a close call — four members wanted a cut — but the message to buyers and sellers is what matters: rates have settled, and that certainty is doing a lot of heavy lifting.
Mortgage lenders had already priced this in. Two-year fixes remain broadly stable. What that means round here is simple: buyers who were "waiting to see" through November and December have started making offers.
What We're Seeing in Chorley
Enquiries picked up sharply from mid-January. Family homes in Astley Village, Euxton and Whittle-le-Woods have been particularly busy — proceedable buyers looking for a move-in-ready summer. Well-priced homes are agreeing sales inside a fortnight.
The stock shortage that's shaping the national picture is showing up locally too. If your home is in the £180k–£300k bracket in central Chorley, there are more registered buyers than there are properties to show them.
Thinking of Selling This Spring?
February is when the smart sellers start. Photography, floorplans and Rightmove copy take a week or two to get right, and you want to be live by the first week of March when the spring surge properly begins.
If you'd like an honest valuation of your home in Chorley, we're happy to come out for a chat. No pressure, no obligation, just proper local advice.