You Won't Believe What Makes Some Properties More Expensive

Published: 17/05/2019

There are a number of factors that come into play when deciding how much to put a house on the market for. Location; the property’s condition; how many bathrooms and bedrooms it has; whether there is a balcony or yard; are some of the first things that come to mind.

However, new research has suggested these factors aren’t the only important considerations made by buyers when they decide how much they are willing to pay for a flat or house.

National fast sale estate agent Springbok Properties analysed property sale records of the properties it sold in 2018. The results were interesting...

It turns out, the price of a property is influenced by its address. And no, we don’t mean location. We mean the address number - be that number 1 or 1001.

The survey set out to discover which house numbers were more valuable than others. Here is what was found:

Top 10 most expensive house numbers in 2018:

1.    713 - £612,847

2.    711 - £580,643

3.    709 - £508,833

4.    855 - £411,200

5.    529 - £407,850

6.    715 - £405,000

7.    417 - £392,738

8.    665 - £385,750

9.    694 - £381,000

10. 607 - £366,411

The research suggested that a single digit home is less likely to make as much money compared to one with two digits or more. Their research states that just one single digit number was spotted in the top 50 most expensive house numbers this year (this was a number 1).

As for flats, the research suggested that people much prefer to buy numbers in the hundreds.

Top 10 most expensive flat numbers in 2018

1.    500 - £808,446

2.    237 - £713,181

3.    190 - £683,463

4.    251 - £658,830

5.    194 - £524,131

6.    1 - £520,808

7.    510 - £512,615

8.    37 - £512,592

9.    195 - £473,700

10. 220 - £462,288

Founder and CEO of Springbok Properties, Shepherd Ncube, stated that some buyers will pay over the odds for a particular number due to sentimental reasons or avoid others because they are superstitious.

What does this research mean for buyers and sellers?

While we’re not entirely sure how scientific these findings are, they are nonetheless thought-provoking.

The research findings do go to show that modern buyers value properties that are located on a top floor, in regards to those located in modern built-up buildings.

Nonetheless, a number of factors will determine how much a house costs and what deal you are able to negotiate.

If you’re in the market for a bargain however, it could be worth searching for single digits!

Advice for house hunters and first-time buyers

House Viewing Tips 

How To Save For A House Deposit 

What is Right to Buy? 

What is Conveyancing?

Other property reads

The Best Places to Buy a House in 2019 

Weird Smart Gadget For Your Home 

Great Places To Buy A House Outside London

Who are GWlegal?

GWlegal are a property solicitors based in Liverpool, specialising in buying or selling, remortgage, declaration of trust, bridging and buy-to-let landlords.

If you have a legal matter you wish to discuss don’t hesitate to get in touch. You can call us on 0345 373 3737 email us with your question.

Who are GWlegal? We’re a national firm with local values.

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Content correct at time of publication.

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