Thu 23 Apr 2015
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.