When shopping for a home, it being in a fairly location – ideally with a surprising view – is probably going on the prime of lots of our want lists, irrespective of how out of attain it could be virtually.
However current analysis has proven that if shopping for a property in a brilliant ‘Instagrammable’ (cool-speak for ‘fairly’) location is a non-negotiable for you, you may anticipate to pay a severe premium, in comparison with a home in an odd location.
After conducting a examine of two,000 adults, and brushing Instagram for the most-tagged UK areas, Hammonds Furnishings (opens in new tab) lately created an inventory of the 125 most picturesque locations within the nation. They then awarded every place an ‘affordability’ rating out of 100, assessing the city’s worth in comparison with the nation common.
The analysis left them with an inventory of prettiest locations within the UK, that additionally supply nice worth for cash.
How far more will you pay for a house in one of many UK’s prettiest areas?
Sadly, it discovered that properties within the very prettiest areas bought for an whopping common of £471,860 – virtually £200,000 greater than the common UK property worth.
Which means, for those who’re eager to dwell in one of many prettiest locations within the nation, you may anticipate to pay, on common, £195,000 extra, than for those who selected to dwell elsewhere.
Damaged down even additional, it implies that home-buyers eager for a surprising location pays as much as 70% extra for his or her property than the common UK home worth. Eek!
Would you continue to stump up the cash for the situation/view?
(Picture credit score: Future PLC/ Douglas Gibb)
Fortunately, the examine additionally took inventory of the beautiful areas of that the UK supplied the very best worth for cash – offering each a fairly location and a reasonably inexpensive home worth. So which areas got here out on prime?
10 fairly locations within the UK that provide the very best value-for-money
Margate in Kent bagged the primary spot, with pictures of the situation having been tagged 959K instances (ergo, Instagrammable) – and the home worth common being simply £286,716, which is 26% decrease than the county of Kent’s common.
One other Kent location got here in second place – Dover, having been tagged 631K instances on Insta, and the place properties are price on common £274,982.
(Picture credit score: Getty )
Subsequent up is Portmeirion, Gwynedd, in North-West Wales.
Home costs right here will set you again £172,875 on common, which is greater than £100k lower than the UK common worth – making it an incredible choice for these seeking to transfer someplace picturesque on a finances.
So these are the highest 10 Instagrammable areas across the UK that provide the very best value-for-money – however what about people who supply the worst value-for-money?
It’s going to seemingly come as no shock that dear Cornwall and Gloucestershire dominate the record, with appearances from cities in Norfolk, Oxfordshire, and Sussex too.
(Picture credit score: Getty / Andy Roland)
Snowshill in Gloucestershire takes the primary spot, having been tagged 15K instances on Instagram – with a home worth of a whopping £867,500, 148% increased than the common UK home worth.
Coming in an in depth second is Kingham within the stunning Cotswolds, with a median £960,772 home worth, and third was Decrease Slaughter, additionally within the Cotswolds area, with a median home worth of £845,000.
So would any of those areas be price the additional price for you? Or would you somewhat go for the higher worth areas?
