You are here: Home - Uncategorized -

Everybody hates bad neighbours

0
Written by:
30/01/2006

Squatters are the most-hated type of neighbour, followed by students. Christina Jordan finds out more

While it may be important to consider ‘location, location, location’ when you are buying a property, it’s also a good idea to have a peek over the garden fence.

In fact, who lives next door can be just as important as deciding where to live, and how much to pay, according to a survey from propertyfinder.com.

The research reveals that nightmare neighbours can take thousands off the value of a property. People were asked to choose the best and worst types of neighbours from a range of categories.

Squatters top the list of neighbours from hell, with 90% of respondents voting them as worst, but students came a close second with 63% of the vote. Families with teenagers came third on the list, with 36% the vote. Young flat sharers’ disruptive lifestyles mean that they polled fourth worst.

Childless couples, pensioners and singles were voted the perfect neighbours.

Respondents were also concerned that unsuitable neighbours damage property prices by a lack of interest in the upkeep of their properties, dragging down property prices for surrounding homes.

Potential house buyers believe that squatters next door devalue properties by 16.3%, and students by a sizeable 10.1%. This equates to a massive £16,078 off the average house price. Party-prone flat-sharers affect property values by £6,828 while childless couples were thought to boost neighbouring values by over 4%.

Nicholas Leeming, director of propertyfinder.com commented: “Students are notorious for having a good time and living in messy conditions, but our results show a greater concern among householders regarding the detrimental effect students can have on the price of their property. Our neighbours have a very significant influence on our quality of life, especially in urban areas, and increasingly, house hunters are prepared to pay a premium for a quiet, trouble-free life.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Time running out for chip and pin solution

Nearly a million people could be left without the ability to pay for their purchases due to the looming chip...

Close