These are the most expensive places in the UK to own a sofa
The latest research by lettings and estate agent, Benham and Reeves, has revealed that your sofa is swallowing up as much as £11,000 of your property’s value when it comes to house prices per square foot.
Benham’s research found that on average, the cost of buying a home across the UK sits at £288 per square foot, up from £278 just a year ago. With the average two-seater sofa coming in at 8.4 sqft, it’s costing UK homebuyers £2,417 in property prices when considering the space needed and the cost per square foot.
With space hard to find and prices carrying a premium, London is predictably home to the UK’s most expensive sofas.
In Kensington and Chelsea where the property price per square foot is as high as £1,356, a simple two-seater sofa will swallow up £11,389 worth of property value. Westminster (£9,530), Camden (£8,382), Hammersmith and Fulham (£7,582) are also amongst the most expensive sofa hotspots, with Elmbridge the most expensive outside of London (£4,372).
At the other end of the scale, with a property price per square foot of just £86, a sofa in Blaenau Gwent takes up £722 worth of property value.
However, it’s homebuyers in Fife who have seen the property cost of their sofa increase by the largest margin over the last year. With the property price per square foot increasing from £121 to £192 in just 12 months, the overall cost of a sofa in Fife has jumped 59%; that’s nearly £600.
Homebuyers in Burnley, Pendle and Hyndburn have also seen some of the largest increases in the property cost of their sofa.
However, it’s not all bad news for sofa dwellers. Those moving into a new home in Angus, South Lakeland, Hinckley and Bosworth and East Devon have all seen the property cost for the space required for a sofa fall between five and 15 percent.
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Least affordable sofa property spots based on price per sq ft
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Location
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Average property price per sq ft
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Sofa Cost per sq ft (8.4)
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Kensington and Chelsea
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£1,356
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£11,389
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Westminster
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£1,135
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£9,530
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Camden
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£998
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£8,382
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Hammersmith and Fulham
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£903
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£7,582
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Islington
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£794
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£6,672
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Southwark
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£783
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£6,573
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Wandsworth
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£771
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£6,480
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Tower Hamlets
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£745
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£6,254
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Richmond upon Thames
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£733
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£6,155
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Hackney
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£731
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£6,139
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Lambeth
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£706
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£5,929
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Brent
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£667
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£5,606
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Haringey
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£643
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£5,397
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Barnet
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£607
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£5,100
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Merton
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£574
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£4,820
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Lewisham
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£567
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£4,760
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Kingston upon Thames
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£564
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£4,740
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Ealing
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£558
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£4,687
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Waltham Forest
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£551
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£4,628
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Elmbridge
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£520
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£4,372
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United Kingdom
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£288
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£2,417
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Biggest annual change in sofa property price footprint
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Location
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Average property price per sq ft
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Sofa Cost per sq ft (8.4)
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Change (%)
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Fife
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£192
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£1,613
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59%
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Burnley
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£103
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£862
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17%
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Pendle
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£109
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£913
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14%
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Hyndburn
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£122
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£1,025
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12%
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Merthyr Tydfil
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£114
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£960
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12%
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Liverpool
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£156
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£1,311
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12%
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South Tyneside
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£148
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£1,246
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12%
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Torfaen
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£171
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£1,436
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10%
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Corby
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£188
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£1,579
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10%
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Ashfield
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£173
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£1,453
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9%
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Nottingham
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£202
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£1,700
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9%
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Knowsley
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£142
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£1,194
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9%
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Oldham
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£154
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£1,296
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9%
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Middlesbrough
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£129
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£1,084
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8%
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Rotherham
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£153
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£1,284
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8%
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Sandwell
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£164
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£1,376
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8%
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Trafford
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£253
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£2,125
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8%
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Erewash
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£195
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£1,641
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8%
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Newark and Sherwood
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£199
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£1,673
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8%
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Melton
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£219
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£1,840
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8%
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United Kingdom
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£288
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£2,417
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3%
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Most affordable sofa property spots based on price per sq ft
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Location
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Average property price per sq ft
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Sofa Cost per sq ft (8.4)
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|
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Blaenau Gwent
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£86
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£722
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Burnley
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£103
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£862
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Pendle
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£109
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£913
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Rhondda Cynon Taf
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£110
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£921
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County Durham
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£114
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£957
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Merthyr Tydfil
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£114
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£960
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Angus
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£116
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£974
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Neath Port Talbot
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£118
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£994
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Hartlepool
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£119
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£1,000
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Blackpool
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£120
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£1,010
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Hyndburn
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£122
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£1,025
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Copeland
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£126
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£1,057
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Blackburn with Darwen
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£126
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£1,061
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Kingston upon Hull
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£129
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£1,081
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Middlesbrough
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£129
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£1,084
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Sunderland
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£132
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£1,110
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Carmarthenshire
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£132
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£1,110
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North East Lincolnshire
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£134
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£1,122
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Rossendale
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£136
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£1,142
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Doncaster
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£137
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£1,148
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United Kingdom
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£288
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£2,417
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Biggest annual change in sofa property price footprint
|
|||
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Location
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Average property price per sq ft
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Sofa Cost per sq ft (8.4)
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Change (%)
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Angus
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£116
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£974
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-15%
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South Lakeland
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£227
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£1,903
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-5%
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Hinckley and Bosworth
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£240
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£2,016
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-5%
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East Devon
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£264
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£2,218
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-5%
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Kettering
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£193
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£1,617
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-3%
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South Norfolk
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£239
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£2,008
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-1%
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St Albans
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£516
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£4,333
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-1%
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Chelmsford
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£351
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£2,948
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-0.3%
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Charnwood
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£216
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£1,810
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-0.2%
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Birmingham
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£293
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£2,457
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-0.2%
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Warwick
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£309
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£2,597
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-0.1%
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Rushmoor
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£348
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£2,923
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0.1%
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Warrington
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£208
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£1,747
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0.2%
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Hertsmere
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£496
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£4,162
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0.2%
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Richmond upon Thames
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£733
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£6,155
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0.3%
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Southwark
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£783
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£6,573
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0.3%
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Kingston upon Thames
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£564
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£4,740
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0.3%
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West Oxfordshire
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£333
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£2,799
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0.3%
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Wandsworth
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£771
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£6,480
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0.4%
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Winchester
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£407
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£3,421
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0.4%
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United Kingdom
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£288
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£2,417
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3%
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