Homes built during the 20th and 21st centuries typically sell for less, with those constructed in the 2000s commanding the lowest average values of £328,230.
Properties built during the 2020s sell for 16pc more than this, in part because of the new-build premium and their greater energy efficiency, but also because the 2000s saw the construction of more flats, which typically cost less.
David Fell, of Hamptons, says: “While buyers pay a premium for the style of architecture, higher values also reflect the location, with the oldest architecture often found in prime town and city centre locations.”
Gorgeous Georgian homes
Joanna Cocking, of the Private Office at Hamptons, says the symmetry, classical proportions, sash windows and high ceilings of Georgian homes give them a timeless appeal.
“Some people say they look like the houses we drew as children and we see especially strong demand for Georgian rectories, which can command a premium of around 10pc,” Cocking explains. “In areas where this architecture is rarer, we tend to see competitive bidding between buyers.”
Georgian emerged as the most popular historical architectural style in a recent client survey by Savills.
The estate agency found that properties in conservation areas (districts of special architectural or historic interest) command an average house price premium of 32pc.
Among the most desirable and expensive heritage cities cited by Savills are Bath and Edinburgh, and “the appeal of both owes much to the quality of their Georgian architecture”, says Lucian Cook, of the agency.
