Most people who have ever bought or sold property know about the ‘Waitrose effect’. Which is to say that if there is a store nearby, it is one of the first things estate agents mention.
So it was no surprise when a recent Lloyds Bank report put a figure on the Waitrose effect - 12 per cent, or nearly £40,000, on the average property. That’s what you can add to the value if there is a certain supermarket beginning with ‘W’ in the area.
Of course, there are plenty of factors which add value to a property. Some are plain common sense, others are downright bonkers. Here’s how they stack up.
Bishop's Stortford: 4 High Street, Bishops Stortford, Herts. CM23 2LT• Sales & Lettings: 01279 657 666
Stansted Mountfitchet: 33 Cambridge Road, Stansted, Essex. CM24 8BX• Sales & Lettings: 01279 815 511
Great Dunmow: 34 High Street, Great Dunmow, Essex. CM6 1AH• Sales & Lettings: 01371 874415
© 2017 David Lee Estates Limited Company Registered No. 5147913 Registered Office 50 St.Mary’s Crescent, London, NW4 4LH. Registered in England. All rights reserved. Powered by