Is your address on the winning side?
New Bank of Scotland research has found that the price of homes close to Scottish Premiership grounds have risen by nearly a third in the past decade, as opposed to a 20% increase generally. The biggest jumps have been around the grounds of Inverness Caledonian Thistle, Aberdeen, Dundee and Celtic.
Living near a cash-rich English Premiership ground can be even more of a goldmine. South London homes around Crystal Palace’s stadium increased in value by £50,000 in a year.
A Lloyds Bank survey revealed that homes near a Waitrose store cost 12% more than other properties in the same area. Sainsbury’s added 10%, Tesco 8%, Marks and Spencer 7%, Co-op 7%, Iceland 4% and Morrisons 3%. Asda had no effect but the value of homes near a Lidl dropped by 2%, and those near an Aldi dipped by 3%.
If you want to live in a Warren you’d better save up. Zoopla research indicated that houses in Warrens were double the national average of £280,000 at just over £600,000, while Chase addresses came in at almost £500,000. But Terraces, at £195,000, and Streets, at £185,000, weren’t quite so expensive.
A previous report compiled by Wetherell estate agents showed crescents in central London commanded a premium of 40%.
Watery views are also massively sought after. Knight Frank found that sea views could add 66% to a property’s price, a harbour view 81% and an estuary view 82%.
The Royal Institute of Chartered Surveyors revealed that a bad school report can knock £20,000 off the cost of an average property. A top secondary nearby added £21,000, according to Lloyds.
Another report by estate agents Savills suggested an even bigger boost, with properties close to good schools fetching 25% more than those which aren’t as well situated.
Wind farms can blow 12% off a house price, according to a report by the London School of Economics.
If you live in house number 13 in your street, you may rightly feel unlucky – the average selling price is £6500 less than neighbouring properties.
Zoopla also found that odd-numbered houses sold for £538 less than even-numbered equivalents.
And having a house name, rather than a number, can add up to 5%.
Messy kids can make for an untidy lack of profit when selling. ING Direct research found that a child’s messy bedroom could slash £8000 off the value of an average house.
And smelly, intimidating or simply too many pets in a house can reduce the asking price by 5%.
Halifax Home Insurance said that living next to anti-social neighbours shaved £31,000 off the average property price.
Flaking paintwork, or other signs of wear and tear, could take 5% off the selling price.
A Home Search report suggested that a tidy garden could add 20% to a property’s value.