Living on a colourful street could add thousands of pounds to your home’s overall value, according to new research.
On average, a property on a colourful street was shown to be worth 20% more than on a less colourful street.
For self builders and aspiring homeowners analysing where to live, the findings offer an intriguing insight that could help to maximise your home’s value.
(MORE: Self Build: The Complete Guide)
Paula Higgins, Chief Executive of the HomeOwners Alliance, said “While we can’t all persuade our neighbours to redecorate their exterior walls in pink, green and orange, to boost our street’s value, it is worth bearing in mind the premium you will pay for a vibrant street. As little as a few metres away from a colourful road, there could be a huge saving to be made.”
Painting the Town Red
The findings were based on up-to-date local data and Land Registry sold date, which Homeowners Alliance used to calculate the average valuation figures.
Depending on where you live, a home on