Zoopla reveals where the ‘Knowsiest Neighbours’ live

March 6, 2012 at 11:51 AM 2 comments

As a nation we’re obsessed with property and property values. We want to know what prices people paid, current asking prices and we’re constantly keeping an eye out for our dream home. However, we’re spotting an increasing trend of homeowners not only tracking the market value of their own home but also keeping an eye on the value of their neighbours’ properties.

We firmly believe here at Zoopla that there is a clear advantage to staying ‘in the know’ when it comes to property. Knowing when to buy or sell and how much to pay or ask for is the key to a successful property transaction and can avoid the pitfalls of overpaying or being stuck for longer than expected.

Our latest research shows that homeowners’ obsession with house prices and monitoring the value of their homes shows no sign of waning. We give homeowners and buyers the tools to super charge their knowsey tendancies by providing free property value estimates on every UK home along with over 17 million sold prices. With information as a valuable commodity, those ‘in the know’ about local house prices and trends are likely to have a significant advantage when transacting in the property market.

The latest data reveals that homeowners in Harpenden, Pinner and Reigate are the ‘knowsiest neighbours’ in Britain (in other words, those most in the know about local property values) whilst residents in Aberystwyth, Birkenhead and Saltburn-by-the-Sea are the least ‘knowsey neighbours’ (least bothered about keeping track of local property prices).

We’ve also unearthed the ‘knowsiest street in Britain’, Newton Road Birmingham, B43, where residents regularly checked the value of their own homes and neighbouring properties on Zoopla.co.uk more frequently over the past 12 months than anywhere else in the country. The data from Zoopla also shows that ‘knowsiness’ increases with property values with most of the ‘knowsiest’ streets and areas having property values well above the national average.

Areas with ‘Knowsiest neighbours’ in Britain

Rank Location Average Property Value
1 Harpenden, Hertfordshire £577,848
2 Pinner, London £443,458
3 Reigate, Surrey £407,038
4 Maidenhead, Berkshire £380,142
5 Farnham, Surrey £423,457
6 Caterham, Surrey £342,423
7 Stanmore, London £441,084
8 Teddington, London £499,001
9 Ascot, Berkshire £598,767
10 Weybridge, Surrey £598,767

Source: Zoopla.co.uk (February 2012)

Areas with least ‘Knowsey neighbours’ in Britain

Rank Location Average Property Value
1 Aberystwyth, Ceredigion £184,342
2 Birkenhead, Merseyside £94,804
3 Saltburn-by-the-Sea, North Yorkshire £128,561
4 Barrow-in-Furness, Cumbria £110,291
5 Wednesbury, West Midlands £106,470
6 Peterlee, Durham £90,171
7 Felixstowe, Suffolk £183,272
8 Cleethorpes, Lincolnshire £115,258
9 South Shields, Tyne & Wear £116,972
10 Salford, Greater Manchester £120,491

Source: Zoopla.co.uk (February 2012)

‘Knowsiest neighbours’ in Britain

Rank Street Average Property Value
1 Newton Road, Birmingham, B43 £191,080
2 Uxbridge Road, London, W5 £413,219
3 Burrells Wharf Square, London E14 £310,682
4 The Avenue, London, E4 £292,044
5 Battersea Park Road, London, SW8 £335,213
6 Torbay Road, Harrow, HA2 £305,443
7 Kingston Road, London, SW19 £331,385
8 Scarisbrick New Road, Southport, PR8 £163,909
9 Loughborough Road, Nottingham, NG2 £194,330
10 Chase Side, Enfield, EN2 £280,486

Source: Zoopla.co.uk (February 2012)

As always, please feel free to share and use this research, all we ask is that you credit the source as Zoopla.co.uk and link to Zoopla.co.uk. Thank you.

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Entry filed under: House Prices, Property values. Tags: , , .

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2 Comments Add your own

  • 1. EPC  |  March 6, 2012 at 12:55 PM

    Good post but…

    A neighbours sale price doesn’t really give the true value of your own home there are lots of things to take into consideration ie

    1. Sold prices on-line are months behind true prices.
    2. Condition of property.
    3. Extensions, conversions, porches etc.
    4.Possible quick sale.
    5.epc rating.
    6 Cash buyer.

    and plenty more…..

    Thanks for the post.

    Reply
    • 2. Lawrence Hall  |  March 6, 2012 at 1:06 PM

      Hi EPC,

      Thanks for commenting. We agree about the sold price. It does however give you a large part of the story. Couple this with property values from Zoopla and local info from local agents and you’re likely to have a pretty good idea.

      Reply

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