A recent study by estate agent search engine GetAgent revealed that British landmarks add the most value to homes in their area.
The study looked at the top 50 tourist attractions and analyzed which increased or decreased the value of nearby homes when compared to the wider area.
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GetAgent gathered data from Rightmove on the average price of properties sold in the area over the past year and created the top 10 list below.
Top 10 attractions that increase the value of your home
Tourist attraction town/city average real estate price (near tourist attraction) Average real estate price (wide area) difference (%)1 Natural History Museum, London £3,406,125 £2,195,805 £1,210,32036%2 Royal Botanic Gardens, London £919,693 £445,319 £474,374107%3 Needles £620,000 £ 395,032 £224,96857%4 Loch Inverness £416,400 £205,627 £210,773103%5 Britain’s smallest house Conwy £500,000 £301,182 £198,81866%6 Bombay Sapphire Distillery Whitchurch £400,000 £220,626 £179,37481%7 Albert Docks Liverpool £373,600 £199,004 £174,59688%8 Eden Project Bodelba £505,000 £331,642 £173,35852%9 Warwick Castle Warwick £450,000 £333,000 £117,00035%10 Tintern Abbey Tintern £470,250 £369,102 £101,14827%
Top 10 causes of lower home value
Tourist attraction town/city average real estate price (near tourist attraction) Average real estate price (wide area) difference (%)1 St. Paul’s Cathedral London £510,000 £855,856- £345,856-40%2 Windsor Castle Windsor £400,000 £591,189- £191,189-32%3 Royal Observatory Greenwich London £427,000 £595,662-£168,662-28%4 Shakespeare’s birthplace Stratford Upon Avon £247,500 £413,396-£165,896-40%5Hampton Court Palace London £507,286 £656,921-£149,635-23%6 Scott Memorial Edinburgh £194,000 £309,615-£115,615-37%7 Big Pit National Coal Museum Blaenavon £103,200 £194,236-£91,036-47 %8 York Minster York £218,200 £305,347-£87,147-29%9 Caernarfon Castle Caernarfon £94,500 £180,404- £85,904-48%10 Aerospace Bristol Bristol £301,271 £380,252- £78,981-21%
It’s no wonder London landmarks feature prominently in the top 10 landmarks that increase the value of your home, with Kensington’s Natural History Museum increasing its value by £1 million.
St. Paul’s has been identified as the landmark causing the greatest loss of housing in the neighborhood, but given that St. Paul’s is located in the heart of a city where housing is scarce, the data A low set can obscure the difference.
