Research by MoveStreets, the property portal designed for the mobile generation, has revealed how much more homebuyers are willing to pay for a Home Alone house in the current market.
Of course, they don’t mean a house fit with Kevin McCallister as an additional house guest, but the style of the home itself. Georgian style homes carry serious curb appeal in the UK and, as a result, they sell for a far higher price.
MoveStreets analysed the asking price of Georgian style homes currently on the market across 15 major cities and how this asking price compares to the rest of the surrounding housing market.
The research shows that on average across these 15 major cities, a Georgian style home will set you back £727,903 on the current market. That’s £203,745 more than the average asking price of non-Georgian style homes in the same area – a 39% premium.
Liverpool is home to the highest Georgian home house price premium. The property type carries an average asking price of £633,306 in the city, 123% higher than other style homes in the area.
Newcastle is home to a Georgian property price premium of 90%, the second-highest of all cities on the list, while Oxford completes the top three, where Georgina homes command 61% more than the rest of the surrounding market.
In Nottingham (55%) and Cardiff (50%), the asking price of Georgian homes currently on the market also sits at 50% or more than the cost of buying a non-Georgian home.
York is home to the lowest Georgian property price premium of all cities analysed by MoveStreets. Even still, at £564,292, a Georgian home in York will still set you back 15% more than the cost of buying across the rest of the surrounding market.
Adam Kamani, CEO and Co-Founder property portal of MoveStreets, commented: “Georgian homes carry serious curb appeal and it’s easy to see why. Of course, they also tend to be far larger than your average home and, as we know from the pandemic, buyers are happy to pay up for more space.
It’s interesting to see that two of the three Georgian house price hotspots are located in the North. This is probably due to a restricted level of Georgian style property stock rather than a hotbed of fanatical Home Alone homebuyers.”