Takeaways hurt house prices

April 30, 2020

The latest research by estate agent comparison site GetAgent, has found that areas with a lower density of takeaways are home to house prices as much as 75% higher than areas with a larger number.

With many of us turning to takeaways during the lockdown as the next best thing to eating out, a high volume of takeaways may well be smiled upon, however, research shows you may not be smiling if you’re a homeowner.

GetAgent looked at the total number of takeaways in local authorities across England and the density based on the number of takeaways per 100,000 of the population.

GetAgent then looked at the average house prices across these local authorities at certain takeaway thresholds.

The research shows that in the highest threshold, areas with over 100 takeaways for every 100,000 people living there, the average property price sits at a lukewarm £216,606.

This then climbed 23% to an average property price of £266,818 as the number of takeaways per 100,000 people dropped to between 80+ and 100.

In areas where there was an even lower density of takeaways of between 60+ and 80 per 100k people, the average price of a property increased a further 25% to £332,389.

Property prices climbed a further 3% in areas with 40+ to 60 takeaways per 100k people and again by another 11% in areas within the lowest threshold of takeaways of 40 or less per 100k people. In this lowest threshold property prices averaged a meaty £378,855, 75% more than in the sample of areas home to the highest number of takeaways per population of 100k.

 

Number of takeaways per 100,000 people/population
Average House Price
Difference
100+
£216,606
N/A
80+ to 100
£266,818
23%
60+ to 80
£332,389
25%
40+ to 60
£342,129
3%
40 or less
£378,855
11%
Total change between top and bottom threshold
75%

 

Sources
Average house price
Density of fast food outlets

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Letting Agent Talk

Landlords and tenants advised to work together to get through extreme heatwaves

With some areas set to be hotter than Portugal this week, lettings and estate agents across the UK are issuing advice to protect properties ahead of extreme weather Prolonged periods of hot weather across the UK are placing additional pressure on homes, from overheating and poor ventilation to damage caused by extreme temperatures. Today, lettings…
Read More →
Estate Agent Talk

Nearly half of UK home listings fail to sell

A London estate agent has warned that thousands of homeowners across the UK are pricing themselves out of the market by setting asking prices that no longer reflect what buyers are willing to pay. The warning comes after new analysis by Zoopla, covering more than two million property listings between 2023 and 2026, found that…
Read More →
Rightmove logo
Breaking News

Lowest number of new build developments coming to market since 2017

New analysis from the UK’s largest property platform Rightmove reveals that the number of new build housing developments coming to market is at its lowest level since January 2017 The figures are despite the government’s target to build 1.5 million homes over the course of this parliament Higher mortgage rates continue to set a challenging…
Read More →
Estate Agent Talk

What Every Estate Agent Should Tell Clients Before Moving Day

For most estate agents, the job is done once contracts are exchanged, completion takes place, and the keys are handed over. For your client, however, that’s when one of the biggest challenges begins. Moving day has the power to turn months of excitement into an incredibly stressful experience, or a smooth finish to what has…
Read More →
Breaking News

Breaking Property News 9/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   PropTech is evolving but WhatsApp is still winning the Property transaction battle A home-moving process that a decade of PropTech failed to fix   Thought leadership by Olivier Jauniaux Founder of NestLink There are a particular series of messages, somewhere in every property chain, that decides whether…
Read More →
Breaking News

Heatwaves haven’t diminished love for south-facing gardens

The latest research from Yopa reveals that despite 81% of people saying they have been avoiding their garden during the recent heatwaves, south-facing gardens continue to be the preferred orientation of choice for UK homeowners, attracting house price premiums of over £20,000 on average. However, the insight from Yopa also suggests that should heatwaves become…
Read More →