Across England and Wales so far in 2019, renters paid 55% more per square foot to live in a flat over a terraced house, while buyers paid a 50% premium.
Price on a square foot basis has been widely used in the sales market for many years. Although not as well recognised in the lettings market, it is becoming an increasingly important measure for investors to be able to compare properties and search for new opportunities.
Using Land Registry data and Dataloft Rental Market Analytics, we are able to compare prices per square foot for both properties sold or rented. In this example, we have looked at the average price of flats compared to terraced houses on a price per square foot basis for properties sold or let in 2019 to date.
Our research reveals that in eight out of ten regions in England and Wales, the rental premium achieved for flats over terraced houses is higher than the sales premium. Highest differentials (which are likely to translate into higher yields) can be found in the East Midlands, East, London, South East, South West and West Midlands regions.
This site complies with the Privacy and Electronic Communications (EC Directive) Regulations 2003 relating to cookies. Click here to find out more and to manage cookies on this site.
Instant Online Valuation
Interested in your property value?
We won't share your information.
Your Valuation in the region of...
Unfortunately we do not have enough data to give you an accurate valuation.
Your local Newton Fallowell property expert will be in touch to arrange an accurate valuation taking into account improvements to your property,
the local market and more. Or arrange a valuation now by clicking here.
Whilst this instant valuation provides a guideline, your local Newton Fallowell property expert will be in touch to provide a more accurate valuation taking into account improvements to your property, the local market and more.