When it comes to boosting the value of properties, property features can make a major difference.
Estate agent comparison site, GetAgent.co.uk, has revealed that corner plot properties achieve as much as 81% more compared to the average property.
Corner plot properties dominate the market
The statistics show that the average British home commands £289,807 in current market conditions. Corner plot properties are selling for an average of £399,505. This 38% increase is £109,698 more than the average seller.
Reasons for the drastic price difference could be the additional space they offer compared to a regular plot.
These plots also provide homebuyers with more parking, light and ventilation.
In London, a corner plot property could secure 81% more than the general average house price of £537,920. At £972,341, these London properties generate the highest prices.
In the South East, a corner plot is likely to secure 46% more than the average house price in the region. Other parts of England also seeing the largest price premiums include North West (44%), Wales (40%), the West Midlands (39%), and the North East (39%).
Co-founder and chief executive officer of GetAgent.co.uk, Colby Short, commented: “We’ve become accustomed to homes flying off the shelves at alarming rates and for some astonishing prices in recent times, as a huge influx of buyers have fought it out for an inadequate level of property for sale stock."
"But even still, it pays to know what appeals to buyers before entering the market and the features and selling points that will not only differentiate you from the rest, but also help you secure a far higher sold price, even when compared to your next door neighbour."
"A corner plot property will certainly help you do this and the additional space, parking potential and privacy are just some of the reasons that a corner plot property will be in high demand amongst potential buyers."
"The good news is that you don’t have to be a property expert to maximise your property’s unique selling points. Any good estate agent should both recognise these unique features and advice on the price premium they can fetch in your local market, allowing you to price your property and market it appropriately.”