The new house ‘must-haves’

Close to good schools, walking distance to a train or tram station and a south-facing back garden are all desirable attributes that can add £1000s to the value of your home.

Research by Lloyds Bank revealed that living close to a major supermarket, such as Tesco, can add around £22,000 to the value of a home.

If you’re lucky enough to be close to a Waitrose this is bumped up by an eye-watering £40,000.

You would be wrong if you thought that a new sports stadium being built would damage nearby property prices, and that it is best to steer clear from them when house hunting.

Research by economists found that the construction of a new stadium actually raises property prices by 15 per cent.
Zoopla found average prices of property close to Manchester United’s Old Trafford rose by more than six per cent in 2017, the highest rise of all Premier League stadiums.

Furthermore, if your dream house is near a golf course, you could be looking at a 56% increase to the value of the property.

If you are worried about this fluctuating terribly during a property market crash, don’t be! Homes near golf courses have shown to maintain a 7% increase compare to homes in regular estates.

‘Warren’s’ are apparently the most expensive roads according to Zoopla, with houses fetching more than double the national average.

At the other end of the scale, ‘Streets’ are much more affordable at nearly £100,000 less than the average.

One piece of advice that is standard across all boards is that humourous names that may be popular on the internet, are not so popular to live on.

And our advice is to avoid embarrassing or rude street names such as Slag Lane and Butts Avenue which can sell for less.

Research by Lloyds found living in a market town meant paying an average premium of £30,788 with prices in market towns on average 12 per cent higher than the county average.

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