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GetAgent: Areas with fewer takeaways per person home to higher house prices

Jessica Bird

May 1, 2020

takeaways

Areas of England with a lower density of takeaways are home to as much as 43% higher house prices, according to research by estate agent comparison site GetAgent.co.uk.

The research analysed the number of takeaways per 100,000 people situated in local authorities across England, alongside average house prices in areas with certain takeaway thresholds.

In areas with more than 100 takeaways for every 100,000 residents, average property price sat at £216,606.

This climbed 23% to an average price of £266,818 when the number of takeaways sat at between 80 and 100.

For areas with a density of between 60 and 80 per 100,000 people, the average price of properties increased a further 25% to £332,389.

With between 40 and 60 takeaways, prices rose another 3%, and 11% in areas with fewer than 40.

In areas with the lowest threshold, prices averaged at £378,855, 43% more than those at the top end.

Founder and CEO of GetAgent.co.uk, Colby Short, said: “As a nation, we love a takeaway, but it seems as though a high number of takeaways results in a lower price secured for your property.

“There are, of course, two ways of looking at this.

“A high number of fast-food outlets is denting the price you might be able to secure for your home.

“Or, you can get on the ladder for a lot less money in areas where you’re surrounded by your favourite takeaway options.

“So there is a silver lining for some.

“But fear not, while takeaways do attract late-night crowds [you’re] unlikely to see your personal property purchase directly impacted unless you live right next door.

“This difference in price will be down to much wider influences from the area as a whole, as well as geographical factors.

“In fact, if you live nearby to a particularly good take away, you can even flip it on its head and use it as a selling point for potential buyers.”


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