Cambridge is the fastest selling hotspot in the UK for houses, with the average time to agree a sale just 27 days, compared with 65 across the country.

National website, Rightmove, reports that Cambridge is ahead of the fastest selling London boroughs, Lewisham and Sutton, both 29 days, and Waltham Forest, 31 days.

Powys in Wales is home to the slowest moving properties, where sellers can expect an average time between first listing and sale agreed of 113 days.

Andrew Bradshaw of Bradshaws Residential in Cambridge said: “In the current market we are finding a number of buyers for many properties within two weeks or even a week in some cases.

“Cambridge has always been viewed as a safe bet with the University and big businesses investing in the city, and with the upcoming additional railway station things are only likely to move even more quickly.

“The appeal of the area does mean that stock is extremely low. We have one interested buyer looking to move from Wales to Cambridge, but they’ve had their property on the market in Wales for over a year with no sign of it selling, and we have others who have already sold their property elsewhere and are renting until a property to buy comes available in the city.”

Across the country, the average has fallen from 75 days to 65 compared with last year.

Warwick (33 days) and St Albans (34 days) also make the fastest selling top ten.

In the slower selling markets properties could be for sale for an average of more than 100 days before a deal is made, with areas in Wales and the North making up the majority of the list.

The new data includes all properties that were changed to Sold Subject to Contract by agents during April to June 2014, and measures the interval of time since they were first listed for sale on Rightmove.

Miles Shipside, housing market analyst said: “Our study looks at the average time from first listing, to being confident enough in the buyer’s ability to proceed, to actually mark it up as sold subject to contract. So although some sellers might find a potential buyer in a few days, the averages reflect the time taken to carry out thorough checks to minimise the risk of the sale falling through.

TOP TEN FASTEST SELLING LOCATIONS

Cambridge – 27 days

Lewisham – 29

Sutton – 29

Waltham Forest – 31

Warwick – 33

Hackney – 34

St Albans – 34

Greenwich – 35

Bexley – 35

Bromley – 35

TEN SLOWEST SELLING LOCATIONS

Powys – 113

Gwynedd – 112

Sefton – 106

Fylde – 105

Wakefield – 103

Forest of Dean – 103

Conwy Wales – 102)

Rochdale – 100

Allerdale – 100

Bradford – 98