Tuesday, Jun 29, 2010
The latest boost to property prices
Metro: Homes with 'hill' in address are worth more
Homes with the word ‘hill’ in the address are typically worth more than twice as much as ones located on a Street.The average cost of a home on a Hill is £341,466, well up on the national average of £217,624 and the typical value of homes on a Street of £155,515, according to property website Zoopla.co.uk. Living on a Lane also appears to boost the value of a property, with the cost of homes on a Lane averaging £328,378, followed by houses on a Mews at £294,869. Homes which are located on a Park or a Green are also typically worth more than average at £283,069 and £269,861 respectively. Other names which appeared to have a positive impact on the value of a property included Mill, School and Green.
Posted by jack c @ 03:10 PM (916 views) Add Comment
9 Comments
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1. dill said...
It's when I see utter duff like this, that I realise how much the UK has lost the plot. Even more so when it's prepared to entertain this kind of information from a source such as Zoopla. Not enough is said on here about the dubious nature of the "values" that are ascribed to properties on Zoopla's websites, which, in my opinion, could easily be alleged to be misleading. The fact that contributors here rarely mention it, is possibly a relief - as it might suggest that everyone else largely ignores it as well. And rightly so.
2. jack c said...
My wife has just re-decorated the house (2 coats of premium quality magnolia) and added some new cushions (Aubergine of course as this is the "in" colour) to the living room. Have since rang the local EA's and asked for a valuation on my renamed Park Green Hill Lane House and it's already gone up £10k in 10 minutes - who needs to work at this rate.
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. Deadjune said...
Zoopla drivel holds a lot of water if it supports sellers' delusions.
I recently tried to explain to one of them how unreasonable (and infuriating) is to expect to earn £100,000 over what he paid in February 2007 for his 4 bed semi, and the absolute argument was "this is how much Zoopla valuates it".
Once again... there is no hope in the UK
5. peter said...
Just wonder here whether we are looking at cause - or effect.
One suspects the latter!
6. Ulfar said...
It wouldn't be anything to do with a house being on a hill is at a vastly reduced risk of flooding.
7. cyril said...
This is what they call a bandwagon story - basically just something stupid to get some free coverage of zoopla. Like a survey by Andrex about how many sheets of bog roll people use to wipe their ar se!
8. p. doff said...
They could have saved the ink and just printed the words 'location, location, location'.
recap - 'adjudged frothy'
9. drewster said...
Errrrr... it's in Metro, what did you expect? Free newspapers are worth the price you pay for them!