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    Top 10 Most Profitable Landmarks to Live Next To

    Did
    you know that living near some of the country’s most loved landmarks can
    increase the value of local homes
    ?

    This
    research was uncovered by thinkmoney who analysed the house prices of homes
    with the postal district of the most reviewed tourism sights in the UK’s major
    cities. They then compared the results to the average house price in each to
    reveal if Britain’s landmarks can really add value to your home. https://www.thinkmoney.co.uk/news-advice/is-your-home-worth-more-if-you-live-near-a-landmark-0-8734-0.htm

    Key
    Stats:

    • Living near some of the UK’s
      best-rated tourist spots can boost your property’s value by up to 60%.
    • The most profitable landmark to
      live nearby is Wolverhampton’s ‘National Trust Wightwick Manor’. Living in
      the same postal code can increase your
      house price by 60% (£310,701) when compared to the average cost of a
      Wolverhampton property.  
    • Comparatively, living near
      ‘Cardiff Castle’ has the most detrimental effect on the value of local
      home’s. Living within the same postal code can decrease
      a property’s value by 22% (£56,62) when compared to the average
      cost of a Cardiff property.  

    Here are thinkmoney’s calculations in full.  

    Top 10 Most
    Profitable Landmarks to Live Next To
    Position City Landmark % Increase of Local House
    Value
    Price Increase (Compared to
    the average cost of a house in the city)
    1 Wolverhampton National
    Trust Wightwick Manor
    +60% £310,701
    2 Glasgow Hunterian
    Art Gallery
    +44% £152,525
    3 Bristol Clifton
    Suspension Bridge
    +42% £245,952
    4 Sheffield Botanical
    Gardens
    +36% £119,192
    5 Gateshead Angel
    of the North
    +30% £41,623
    6 Bradford Bronte
    Parsonage Museum
    +24% £42,505
    7 Coventry Warwick
    Arts Centre
    +22% £62,084
    8 Belfast Titanic
    Quarter
    +16% £29,735
    9 Birmingham Cadbury’s
    World
    +10% £22,456
    10 Edinburgh Edinburgh
    Zoo
    +10% £17,441

    Expert
    Comments:

    Zoe Patrick,
    Director of Sales & Letting at Patrick Oliver, said: “Living near a
    local landmark can help sell your home, but it does depend on the landmark! As
    some will love being next to an icon, others will find the crowds and attention
    associated with tourism spots too much. Therefore, whilst landmarks can add an
    intrinsic value, there are so many other factors that will always be considered
    as well”

    Benjamin Heginbotham,
    Director of Architectural Design firm The Practical Planning Company, also
    stated that “there are many factors that can help sell a property, but a
    house located near a popular landmark provides bragging rights like nothing
    else, primarily because of the view it offers. Of course, if you’re not lucky
    enough to own a property in a landmark location, and your view is more car park
    than a castle, there are still plenty of ways to add value to your home and
    make it easier to sell.”

    Interested
    in the full findings? Thinkmoney have also analysed whether living near
    football stadiums can decrease house value: https://www.thinkmoney.co.uk/news-advice/is-your-home-worth-more-if-you-live-near-a-landmark-0-8734-0.htm