A new study shows houses in postcodes belonging to significant military buildings, such as the Churchill War Rooms and Bletchley Park, tend to have higher prices.
Analysis by estate agent Benham and Reeves sees UK postcodes of military importance command higher house prices compared to the general area. The new study analysed house price data in ten military locations. On average, property prices were £618,225, which is vastly higher than the UK average. Houses in postcodes of significant military buildings are 155% more expensive than the current average in Great Britain.
The most significant price rise is in the area of Hampshire’s Beaulieu Palace – a former finishing school for special ops agents. The New Forest location has the postcode S042, in which house prices are currently 107% higher than the wider area.
The study revealed the second-highest house price postcode is that of The Frythe in Hertfordshire. The Frythe was used during the war as a secret research factory which manufactured army vehicles and camouflage equipment. Today, house prices in the postcode area 69% costlier than its neighbouring postcodes.
We, of course, cannot fail to mention the iconic Churchill War Rooms – an underground complex that housed the government command centre during World War II. House prices in the local of the Churchill War Rooms run in around £1.4 million, 49% higher than average in the SW1 postcode in Westminster.
The director of estate agents Benham and Reeves, who conducted this study, is Marc von Grundherr. He emphasised that these costlier prices “aren’t so much an indicator of buyer demand, but more a demonstration of the pride taken in maintaining these locations and remembering the significant roles they played in their day.”
The average overall UK house price is forecast to hit £362,350 by 2045, if the market is to continue to see property prices rise at the same rate, according to new research by estate agent Barrows and Forrester. Despite the coronavirus pandemic putting a short halt to the market, it has returned with a boom and shows no signs of slowing. Estate agents predict hose prices will continue to rise, and figures suggest that Britain’s property boom will progress.
