Two-bedroom terraced homes typically sell in less than month, making them the fastest-selling property type in England and Wales, according to Zoopla.
The property website said that this property type has remained the fastest selling property type for six months in a row, with the average buying time standing at 27 days.
Thie average selling time for homes is generally 32 days, meaning it takes two-bedroom terraced properties an average of five days less to sell.
Comparatively, larger detached homes with four bedrooms or more take 40 days to sell on average, Zoopla said.
Zoopla’s time to sell measures the time between the first property listing sale a buyer and seller agreeing a sale.
Two-bed terraced homes continue to be the fastest-selling properties in more expensive regions like London and the East of England.
However, they have also become the fastest-selling property type in more affordable areas, which could indicate a change in buyer requirements, said Zoopla.
For example, two-bed terraced houses are the fastest selling properties in Yorkshire and Humber (24 days) and the West Midlands (26 days).
They are also selling fast in Wigan (17 days) and in Bristol and Manchester, where the average sale time is 19 days.
The relative rarity of these types o properties is driving competition among buyers, said Zoopla, as two bedroom terraced homes have made up only 7% of property listings over the past few months.
Marc von Grundherr, director of estate agent Benham and Reeves said: “Terraced homes are hot property in the current market, and they tend to get snapped up very quickly for a number of reasons.
“Their primary appeal is the middle ground they offer between apartment living and larger homes. Whilst they tend to boast the same number of bedrooms as most apartments, it’s the greater degree of living space and that all important outdoor area that give them the edge, making them the ideal property for those looking to to take the next step to a more family suitable property.
“Another key draw of terraced homes is that they more centrally located in major towns and cities where space is limited, whereas larger semi-detached and detached homes are often found further afield.
