A study has found that having a larger range of takeaway restaurants in the vicinity could lower a home’s value by tens of thousands of pounds.
Financial services company Raisin UK analysed the number of takeaway and food delivery services across the UK and compared the prices of homes in those areas in line with rising house prices nationally.
It found that cities and towns with fewer than 40 takeaways per 100,000 people had the highest average house price, at £447,049, whereas in areas with 40 to 60 takeaways per 100,000 people, average house prices fell by over £43,337.
The largest fall in house prices was in areas with between 80 and 100 takeaway options per 100,000 people, dropping values by an average total of £77,374. When the number of takeaway options hit more than 100 per 100,000 people, the average local house price fell to around £255,595,
Eye loves a good takeaway after a busy week writing about property, so it looks like this weekend’s destination will be Bournemouth, which has been crowned the UK’s takeaway capital – but just for a visit, rather than taking up residence.
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