Market evaluation by property agent comparability website, GetAgent.co.uk, reveals that homebuyers should buy a fort for a similar value as a Kensington flat because the nation’s weirdest and wacky houses present a real various to the capital’s equally wacky home costs.
GetAgent has analysed the altering worth of the UK’s most out of the extraordinary residence varieties – from castles to houseboats – to see what extraordinary properties London consumers may afford in the event that they determined to go away the capital metropolis.
The analysis reveals that UK castles are managing to fend off a cooling property market by rising in worth by 27.8% up to now yr.
The typical value for a fort is at the moment £2.1 million in comparison with £1.7 million final yr. This enhance of virtually half 1,000,000 means castles at the moment are 650% costlier than your common UK residence.
Anybody with terribly deep pockets may need to contemplate this £1.9m fort at the moment on the market in Wooler, Northumberland. Whereas wildly costly, that is nonetheless dramatically lower than you’d at the moment pay for a terraced residence in Kensington which averages £2.6 million.
However with castle-living out of attain for all however a handful of mega-wealthy consumers, it could be price having a look on the subsequent smartest thing – a fort.
The typical value of a fort has fallen by -19.3% up to now yr to take a seat at a present worth of £700,000. Whereas that is 143.5% above the typical UK home value, it stays considerably lower than the typical value of a flat in Prime Central London.
This £700K sea fort in Hampshire dates to the 1800s and comes at a snip in comparison with a flat in Kensington & Chelsea which at the moment prices a whopping £1.1m.
Consumers who need to depart London for a style of nation dwelling may seize themselves a barn conversion for a mean of £470,723, though costs have climbed by 10.1% since final yr.
This implies, you might decide up this 4-bed barn conversion in Yorkshire for less than barely greater than you’d at the moment pay for the typical flat in London.
Nevertheless, for a mean value of £894,618, you might forgo the barn conversion and absolutely decide to nation dwelling by buying a farm.
Farm costs have elevated by 14.1% up to now yr, however you’ll be able to nonetheless get one thing like this seven-acre gem in Devon for a paltry £650,000 – lower than you’d pay for a semi-detached residence in London.
Probably the most reasonably priced kind of bizarre residence stays the houseboat, the worth of which has fallen by -10.9% up to now yr to at the moment sit at a mean of £100,144.
This makes them the best buy for anybody who’s seeking to get a foot on the property ladder with a funds too small for London’s market and is keen to take captaincy of a vessel like this 40-foot floating residence.
Co-founder and CEO of GetAgent.co.uk, Colby Quick mentioned, “London’s housing market is uniquely costly, so why not cut up from the capital and purchase one thing distinctive in a significantly better method?
“These bizarre, great houses don’t play by the identical guidelines as the standard housing market as a result of the extra distinctive a property is, the much less its worth is tied to the ebb and stream of the nation’s financial fortunes.
“Folks should scrimp and save for many years to scrape collectively sufficient to purchase a modest London residence, so why not look additional afield and purchase one thing that really rewards all of these years of laborious work and sacrifice?”