How is the value of any property affected by these 6 categories

A little while ago CheckMyStreet conducted a small survey asking estate agents and property professionals about what impact certain characteristics has on perceived property value. There were six categories of interest:

  • Local amenities
  • Crime Rate
  • Sales/Rental demand
  • Council Tax
  • Letting Performance
  • Sales Performance

Local Amenities

Unsurprisingly the most clear answer was Local Amenities with 70% of responses rating this between 7 and 9. amenities

Crime rate

Crime rate was another deciding factor in our research showing a wider cluster of responses from 4-10, with most answers being close to 10. You can see current crime rate per postcode on CheckMyStreet.

crime

Sales and Rental Demand

Demand attracted over 60% of votes between 9 and 10 as having the most impact.

demand

Council tax

Council tax, often forgotten and thought at very last moment attracted middle ground with 68% of responses between 3 and 6

council

Letting performance

Estate agents and property professionals placed lettings performance between 5 and 10 at 86% of all responses. However the cut isn’t quite clearly seen as the distribution is over 5 weighting points.

letting

Sales Performance

Sales performance sees a similar distribution but with 92% of responses being withing the 5-10 cluster. This is the most concentrated cluster of answers we have received making this factor probably the most significant.

sales

 

 

At Check My Street we give you all the information you need when choosing somewhere new to live. We bring together data from a wide variety of sources and filter that information into an easy to read fact sheet of the location’s vital statistics, and it’s 100% free. To give you a complete overview of what the area has to offer; we analyse sold property prices, current rent costs, bus links, nearby train stations, local crime statistics and broadband speeds.

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