How much for the keys to No.10?

by Property 118

9:06 AM, 12th December 2019
About 8 months ago

How much for the keys to No.10?

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How much for the keys to No.10?

Ahead of Thursday’s election Stone Real Estate have looked at the property cost of the Number 10 and where is home to the highest price paid for the number across England and Wales looking at current market data for the real No.10 Downing Street as well as the average sold price for homes with the number across the nation.

No.10 Downing Street

With an estimated size of 3,800 square feet and based on the current value for each of these square feet in that particular postcode, the bricks and mortar value of No.10 Downing Street is an estimated £5.3m. However, with the real size unknown and the property not only famous but unobtainable for everyone but the PM, the actual value is unknown but likely to be much higher.

Where’s home to the most expensive No.10?

While the value of No.10 Downing Street requires a bit of guestimation, the most expensive No.10 property sold of late was also in London, in Kensington and Chelsea’s Ilchester Place, and it sold for a tidy £12.8m.

The highest average No.10 cost is Bedfordshire

Looking across the nation, Bedfordshire is home to the highest average sold price for property with the No.10, going for £881,445.

Cheshire comes in second with No.10 properties going for an average of £564,250, closely followed by Greater London (£515,000), Surrey (£425,000), Hertfordshire (£408,998), Buckinghamshire (£374,000), Oxfordshire (£366,500), West Sussex (£329,975), Essex (£322,250) and Dorset (£320,000).

In London

The lowest average you’re going to pay is in Barking and Dagenham at £327,050. However, at the other end of the scale, the No.10 averages an impressive £2.3m in Westminster, £1.9m in Kensington and Chelsea, and £1.3m in Camden

County Durham is home to the most affordable average No.10

If you want a more affordable slice of the No.10 action, head to County Durham or South Yorkshire where a property numbered as such will cost you less than £150,000.

Founder and CEO of Stone Real Estate, Michael Stone, commented:

“Who would have thought the average cost of a number ten property could vary by as much as £700,000 across the nation and sell for as much as £12.8m at the top end of the market?

While these are unlikely to be die-hard fans of politics numbers and names can have a big influence on homebuyer decisions, and we’ve highlighted before how the number 13 previously suffered with a lower sold price due to buyer superstitions.

You’d be forgiven for thinking that recent political events may have had the same impact on the number 10 although it seems to be more in demand in some areas than it is in others.”

Number 10 Downing Street      
10 Downing St, Westminster, London SW1A 2AA      
Postcode: SW1      
Ave £ per sq ft: £1,405      
Approx size: 3,800 Sqft      
Estimated value: £5,339,000      
Price source: Property Data      
Size Source: Country Life      
         
Most expensive No.10s sold since 2018
Town County Postcode Price  
ILCHESTER PLACE GREATER LONDON W14 8AA £12,850,000  
CHAUCER ROAD CAMBRIDGESHIRE CB2 7EB £5,600,000  
NEVILL PARK KENT TN4 8NW £3,775,000  
LYNDHURST ROAD DEVON EX2 4PA £2,390,000  
SIR HARRYS ROAD WEST MIDLANDS B15 2UY £1,575,000  
GRANBY ROAD NORTH YORKSHIRE HG1 4ST £1,550,000  
PHEASANT RISE GREATER MANCHESTER WA14 3HL £1,388,000  
WESTGATE NOTTINGHAMSHIRE NG25 0JH £1,010,000  
STANWELL ROAD WALES CF64 3EA £850,000  
HERITAGE GARDENS TYNE AND WEAR NE3 5AF £795,000  
         
Average Sold Price by Area for No.10 Properties      
Location Average Sold Price      
Bedfordshire £881,445      
Cheshire £564,250      
Greater London £515,000      
Surrey £425,000      
Hertfordshire £408,998      
Buckinghamshire £374,000      
Oxfordshire £366,500      
West Sussex £329,975      
Essex £322,250      
Dorset £320,000      
Hampshire £315,000      
Kent £295,000      
Cambridgeshire £292,998      
East Sussex £280,000      
City of Bristol £276,000      
Wiltshire £268,000      
Warwickshire £258,248      
Northamptonshire £249,498      
Gloucestershire £247,000      
Devon £245,000      
Herefordshire £243,000      
Worcestershire £234,000      
Suffolk £230,000      
Rutland £226,498      
Leicestershire £225,000      
Norfolk £224,995      
Isle of Wight £222,500      
Somerset £220,500      
Cornwall £210,000      
Shropshire £210,000      
Staffordshire £209,000      
North Yorkshire £206,000      
East Riding of Yorkshire £182,000      
Nottinghamshire £178,500      
Derbyshire £178,250      
West Midlands £175,000      
Lincolnshire £172,500      
Greater Manchester £170,000      
Lancashire £164,473      
Cumbria £162,000      
Northumberland £160,000      
West Yorkshire £159,950      
Merseyside £155,000      
Tyne and Wear £152,750      
South Yorkshire £145,000      
County Durham £110,000      
         
Average Sold Price by borough for No.10 Properties      
Borough Median Price (number 10s)      
Westminster £2,330,000      
Kensington and Chelsea £1,962,500      
Camden £1,353,501      
Richmond £782,684      
Wandsworth £781,250      
Hammersmith and Fulham £732,500      
Islington £691,500      
Merton £645,000      
Tower Hamlets £643,000      
Barnet £615,000      
Brent £600,000      
Ealing £549,720      
Haringey £545,000      
Kingston £533,000      
Lambeth £530,000      
Lewisham £515,000      
Hackney £500,000      
Croydon £490,000      
Southwark £482,000      
Bromley £480,000      
Redbridge £480,000      
Waltham Forest £467,750      
Enfield £465,000      
Harrow £460,000      
Hillingdon £455,500      
Greenwich £427,500      
Sutton £422,250      
City of London £390,000      
Newham £386,000      
Hounslow £384,750      
Havering £376,500      
Bexley £335,000      
Barking and Dagenham £327,050      

 

  • Date sourced from the Land Registry Price Paid Data Set


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