When browsing property listings, you might notice a curious trend: two homes on the same street, with seemingly similar specifications, can have significantly different asking prices. This can be baffling for both buyers and sellers. But in reality, several subtle and not-so-subtle factors influence these price differences—even within a few metres of each other.
1. Condition and Upgrades
The most obvious reason is the internal condition of the home. A recently renovated kitchen, modern bathrooms, energy-efficient windows, or a converted loft can all drastically increase a home’s value. Meanwhile, a neighbouring property with outdated interiors might fetch far less, even if its square footage is identical.
2. Plot Size and Layout
Homes might appear similar from the front, but differences in garden size, off-street parking, or whether it’s a corner plot can all have an impact. A home with a larger south-facing garden or more privacy may command a premium.
3. Extensions and Permissions
Has one home added a rear extension, conservatory, or garage conversion? If so, it's likely worth more—especially if planning permission for further expansion is also in place.
4. Ownership History and Urgency
Sometimes the fluctuation is driven by motivation. A homeowner needing a quick sale may price more competitively. Others may simply overvalue their home based on emotional attachment or unverified assumptions.
5. School Catchment Nuances
You’d be surprised how even a few metres difference can change whether a property falls within a popular school catchment area. These boundaries can be invisible but have a real impact on price.
6. Noise and Exposure
Being closer to a busy junction, bus stop, or commercial building—even by a few doors—can decrease desirability. Meanwhile, a quieter position or better aspect can be seen as a valuable premium.
7. Neighbourhood Dynamics
The condition of neighbouring properties and even the reputation of nearby homeowners can influence perceived value. A well-kept street front gives buyers a sense of a more desirable area.
Final Thoughts
Street-level analysis is crucial in understanding property values. At BU Homes, we specialise in reading between the lines to assess true market worth. Don’t rely on postcode averages—get a tailored valuation based on what really counts.
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www.buhomes.co.uk
Are you looking at selling your Solihull home? BU Homes is an independent Solihull Estate Agent based in Olton. We will provide you with the best marketing to reach buyers, providing stunning virtual tours, floors plans and professional photography to sellers. We were the 'Gold' winners at the British Property Awards for the Solihull region. Book your free property valuation today.
