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Nabby81

Living Near An Aldi Increases Your Properties Value

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http://www.lutontoday.co.uk/news/has-your-home-got-the-aldi-effect-1-7587748

Is your nearest supermarket an Aldi? It could be doing more than just saving you money on your groceries... New branches of the supermarket add an additional £5,000 to local property values within months of a store opening, compared to the national average, research has revealed.


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Who commissioned it?

What was the sample size?

Is it statistically significant?

Was it a blind survey that removed bias?

Hmm

The original report is here. http://www.myhomemove.com/news/the-aldi-effect-adding-an-additional-5-000-to-the-value-of-your-property-within-weeks-of-a-new-store-opening

The words in that report use, to such effect... house prices....rocketing by 133%.

Make your own mind up.

Edited by 200p

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£5 grand is ok, but if you live near a prison such as Wormwood Scrubs your property price value would have gone up by £25k approx every year for the last 12 years.

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE%5E3832802&searchLocation=W12+0AE&radius=0.25&referrer=listChangeCriteria

I suggest the savvy investor or family looking to make some easy money look to move near borstals or halfway houses to cash in on this phenomenon.

Failing that living next to Nuclear power stations boosted the price of your property up to 2006/7, maybe this will catch on again.

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET%5E2550886&searchLocation=Hinkley+Point&radius=1.0&referrer=listChangeCriteria

Edited by Crumbless

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