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New Report Reveal The Postcode Premiums Of The World’s Greatest Landmarks

March 5, 2021 Business News No Comments Email Email

The new Lucrative Landmarks Report from the mortgage experts at money.co.uk analyses the value of property neighbouring 32 of the world’s most iconic landmarks, 20 National Parks, 11 theme parks and seven official wonders of the world. Then compared them to the nearest city’s average house price, creating a Proximity Premium Score*.

The research found homes with the most visited landmarks on their doorstep list for an average price of £2,015,014, that’s 246% more than the area’s average.

Living near a theme park could increase the value of your home by 97% on average.

From Disney to Legoland, the mortgage experts at money.co.uk have determined which theme parks could double the value of homes in the neighbourhood. Each park can score a maximum of 11 points, giving a top score of 66.

Disney Doubles Your Money

Topping the list is Hong Kong Disneyland Resort, scoring 49/66. The closest three-bed homes to the parks are listed at a magical £894,689, that’s 93% more than the average property in Hong Kong at £462,514. The Walt Disney World Resorts scored low on both pollution and traffic levels, making it the most desirable theme park on the list and the most expensive.

Living near one of the seven Disney resorts worldwide could double the value of your home (105%), but Shanghai Disneyland Resort adds the biggest markup to neighbouring properties; 63% above the Shanghai average price.

Legoland can be lucrative too, where property prices soar by 104% on average depending on the location.

Legoland California is top of the blocks, with properties listed for £1.4m, 64% more than properties close to Legoland Windsor.

15 Most Lucrative Landmarks to Live By: 

Landmark

Neighbouring Property Price (£)

Score /32

Closest City Property Price (£)

Score /32

Proximity Premium (%)

Score /32

Traffic & CO2 Score /64

Total Score

Arc de Triomphe

Paris

France

£5,397,384

29

£1,189,836

26

▲ 354%

26

35

116

Chateau de Chillon

Vaud

Switzerland

£3,234,505

23

£1,578,179

27

▲ 105%

19

46

115

Buckingham Palace

London

United Kingdom

£5,470,000

31

£3,575,000

30

▲ 53%

13

38

112

Palaces of Westminster

London

United Kingdom

£5,470,000

30

£4,225,000

31

▲ 29%

10

40

111

Eiffel Tower

Paris

France

£3,284,596

25

£937,621

24

▲ 250%

24

37

110

Times Square

New York

USA

£4,422,171

27

£381,577

15

▲ 1059%

31

29

102

Brandenburg Gate

Berlin

Germany

£1,124,968

17

£141,211

3

▲ 697%

29

51

100

The Louvre

Paris

France

£3,197,117

23

£2,669,599

28

▲ 20%

9

39

99

Sydney Opera House

Sydney

Australia

£1,487,563

19

£486,608

21

▲ 206%

23

30

93

Prague Castle

Prague

Czech Republic

£664,114

12

£429,270

18

▲ 55%

14

46

90

The White House

Washington DC

USA

£6,983,047

32

£279,907

7

▲ 2395%

32

11

82

La Sagrada Familia

Barcelona

Spain

£623,820

10

£312,835

8

▲ 99%

17

47

82

Trevi Fountain

Rome

Italy

£1,822,640

21

£358,375

11

▲ 409%

28

20

80

St. Basil’s Cathedral

Moscow

Russia

£3,719,879

26

£3,361,679

29

▲ 11%

8

17

80

The Acropolis

Athens

Greece

£1,332,915

18

£139,309

2

▲ 857%

30

25

75

Source: Money.co.uk

The White House is the most lucrative landmark when we look at the proximity premium figure in isolation. Living in a property fit for a President would cost 2395% more than living in D.C.

The Lucrative Landmarks Report also looked at the volume of traffic and CO2e around the landmark, to assess how pleasant a landmark might be to live around.

Scoring high for both traffic and pollution levels, living in a property neighbouring Edinburgh Castle can decrease property value by 3%, despite being the top historical attraction in the Scottish capital.

Salman Haqqi, money.co.uk’s personal finance expert, added: “If you are in the market for a property near a landmark, choosing the right one is essential. Some homeowners will love being next to an iconic tourist attraction. However, others might find the pollution, traffic and footfall overwhelming.

“Our report has found that globally, landmarks can be a fantastic selling point, helping the sale price to outperform the average price for the area.

“Before starting the search for your new home, make sure you have a budget so you know the maximum amount you can afford to spend or borrow based on your deposit and mortgage offer.”

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