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Research shows why size matters

PUBLISHED: 23:47 28 July 2010 | UPDATED: 17:37 20 February 2013

NEW research by Savills into geographical property values when broken down into price per square foot will help homeowners considering an improvement project calculate how much profit they could expect.

NEW research by Savills into geographical property values when broken down into price per square foot will help homeowners considering an improvement project calculate how much profit they could expect.
Lucian Cook, director of the agencys residential research, points out, Simple average house prices tend to favour rural locations over urban areas where a concentration of smaller houses or flats can suppress the average price.
Looking at a pound per square foot analysis allows us to iron out these variations in stock and see much more clearly which locations attract real value.
The new map reveals startling differences. Top priced Kensington & Chelsea where property is worth just under 1,400 per sq ft is 15 times more expensive than Blaenau Gwent where the average value is 89 per sq ft.
Highest priced in Hertfordshire are St Albans where the price per sq ft is 335 and Barnet where the price is 403.


Cast your eye down the per sq ft table for Hertfordshire to discover the size of your investment:


St Albans:335
Hertsmere:325
Three Rivers:309
East Hertfordshire:280
Welwyn Hatfield:274
Watford:266
Dacorum:264
North Hertfordshire:225
Stevenage:174

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