{"id":289,"date":"2020-06-14T13:16:20","date_gmt":"2020-06-14T12:16:20","guid":{"rendered":"https:\/\/www.benhams.com\/press-release\/?p=289"},"modified":"2022-12-26T07:37:17","modified_gmt":"2022-12-26T07:37:17","slug":"these-are-the-most-expensive-places-in-the-uk-to-own-a-sofa","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/press-release\/buying\/these-are-the-most-expensive-places-in-the-uk-to-own-a-sofa\/","title":{"rendered":"These are the most expensive places in the UK to own a sofa"},"content":{"rendered":"

\"PerillaThe latest research by lettings and estate agent, Benham and Reeves, has revealed that your sofa is swallowing up as much as \u00a311,000 of your property\u2019s value, when it comes to house prices per square foot.<\/p>\n

Benham\u2019s research found that on average, the cost of buying a home across the UK sits at \u00a3288 per square foot, up from \u00a3278 just a year ago. With the average two seater sofa coming in at 8.4 sqms, it\u2019s costing UK homebuyers \u00a32,417 in property prices when considering the space needed and the cost per square foot. <\/p>\n

With space hard to find and prices carrying a premium, London is predictably home to the UK\u2019s most expensive sofas.<\/p>\n

In Kensington and Chelsea where the property price per square foot is as high as \u00a31,356, a simple two-seater sofa will swallow up \u00a311,389 worth of property value. Westminster (\u00a39,530), Camden (\u00a38,382), Hammersmith and Fulham (\u00a37,582) are also amongst the most expensive sofa hotspots, with Elmbridge the most expensive outside of London (\u00a34,372). <\/p>\n

At the other end of the scale, with a property price per square foot of just \u00a386, a sofa in Blaenau Gwent takes up \u00a3722 worth of property value. <\/p>\n

However, it\u2019s homebuyers in Fife who have seen the property cost of their sofa increase by the largest margin over the last year. With the property price per square foot increasing from \u00a3121 to \u00a3192 in just 12 months, the overall cost of a sofa in Fife has jumped 59%; that\u2019s nearly \u00a3600. <\/p>\n

Homebuyers in Burnley, Pendle and Hyndburn have also seen some of the largest increases in the property cost of their sofa. <\/p>\n

However, it\u2019s not all bad news for sofa dwellers. Those moving into a new home in Angus, South Lakeland, Hinckley and Bosworth and East Devon have all seen the property cost for the space required for a sofa fall between five and 15 percent. <\/p>\n

Director of Benham and Reeves, Marc von Grundherr, commented:<\/strong><\/p>\n

\u201cThere\u2019s no denying the sofa is an essential item, as we\u2019ve come to realise during lockdown, and one that the vast majority of us will want in our homes. <\/p>\n

However, as a nation we\u2019re obsessed with house prices and so we wanted to highlight the varying cost of property values at a ground level.<\/p>\n

In some areas, steep house price growth means your sofa alone is now a lot more expensive in property price terms when compared to a year ago. <\/p>\n

In addition to property prices alone, it\u2019s important to remember that sometimes less is often more. This is particularly true in built up cities like London, where finding the right balance between furnished and cluttered is key when making the most of your home and getting your money’s worth.\u201d <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Least affordable sofa property spots based on price per sq ft<\/strong>\n <\/th>\n<\/tr>\n<\/thead>\n
Location<\/strong><\/td>\nAverage property price per sq ft<\/strong><\/td>\nSofa Cost per sq ft (8.4)<\/strong><\/td>\n<\/tr>\n
Kensington and Chelsea<\/td>\n\u00a31,356<\/td>\n\u00a311,389<\/td>\n<\/tr>\n
Westminster<\/td>\n\u00a31,135<\/td>\n\u00a39,530<\/td>\n<\/tr>\n
Camden<\/td>\n\u00a3998<\/td>\n\u00a38,382<\/td>\n<\/tr>\n
Hammersmith and Fulham<\/td>\n\u00a3903<\/td>\n\u00a37,582<\/td>\n<\/tr>\n
Islington\t<\/td>\n\u00a3794<\/td>\n\u00a36,672<\/td>\n<\/tr>\n
Southwark\t<\/td>\n\u00a3783<\/td>\n\u00a36,573<\/td>\n<\/tr>\n
Wandsworth\t<\/td>\n\u00a3771<\/td>\n\u00a36,480<\/td>\n<\/tr>\n
Tower Hamlets\t<\/td>\n\u00a3745<\/td>\n\u00a36,254<\/td>\n<\/tr>\n
Richmond upon Thames<\/td>\n\u00a3733<\/td>\n\u00a36,155<\/td>\n<\/tr>\n
Hackney<\/td>\n\u00a3731<\/td>\n\u00a36,139<\/td>\n<\/tr>\n
Lambeth<\/td>\n\u00a3706<\/td>\n\u00a35,929<\/td>\n<\/tr>\n
Brent<\/td>\n\u00a3667<\/td>\n\u00a35,606<\/td>\n<\/tr>\n
Haringey<\/td>\n\u00a3643<\/td>\n\u00a35,397<\/td>\n<\/tr>\n
Barnet\t<\/td>\n\u00a3607<\/td>\n\u00a35,100<\/td>\n<\/tr>\n
Merton\t<\/td>\n\u00a3574<\/td>\n\u00a34,820<\/td>\n<\/tr>\n
Lewisham<\/td>\n\u00a3567<\/td>\n\u00a34,760<\/td>\n<\/tr>\n
Kingston upon Thames<\/td>\n\u00a3564<\/td>\n\u00a34,740<\/td>\n<\/tr>\n
Ealing<\/td>\n\u00a3558<\/td>\n\u00a34,687<\/td>\n<\/tr>\n
Waltham Forest<\/td>\n\u00a3551<\/td>\n\u00a34,628<\/td>\n<\/tr>\n
Elmbridge<\/td>\n\u00a3520<\/td>\n\u00a34,372<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
United Kingdom<\/strong><\/td>\n\u00a3288<\/strong><\/td>\n\u00a32,417<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Biggest annual change in sofa property price footprint<\/strong>\n <\/th>\n<\/tr>\n<\/thead>\n
Location<\/strong><\/td>\nAverage property price per sq ft<\/strong><\/td>\nSofa Cost per sq ft (8.4)<\/strong><\/td>\nChange (%)<\/strong><\/td>\n<\/tr>\n
Fife\t<\/td>\n\u00a3192\t<\/td>\n\u00a31,613\t<\/td>\n59%<\/td>\n<\/tr>\n
Burnley<\/td>\n\u00a3103<\/td>\n\u00a3862\t<\/td>\n17%<\/td>\n<\/tr>\n
Pendle<\/td>\n\u00a3109<\/td>\n\u00a3913<\/td>\n14%<\/td>\n<\/tr>\n
Hyndburn<\/td>\n\u00a3122<\/td>\n\u00a31,025<\/td>\n12%<\/td>\n<\/tr>\n
Merthyr Tydfil<\/td>\n\u00a3114\t<\/td>\n\u00a3960<\/td>\n12%<\/td>\n<\/tr>\n
Liverpool\t<\/td>\n\u00a3156<\/td>\n\u00a31,311<\/td>\n12%<\/td>\n<\/tr>\n
South Tyneside<\/td>\n\u00a3148\t<\/td>\n\u00a31,246<\/td>\n12%<\/td>\n<\/tr>\n
Torfaen\t<\/td>\n\u00a3171<\/td>\n\u00a31,436<\/td>\n10%<\/td>\n<\/tr>\n
Corby<\/td>\n\u00a3188<\/td>\n\u00a31,579<\/td>\n10%<\/td>\n<\/tr>\n
Ashfield<\/td>\n\u00a3173<\/td>\n\u00a31,453<\/td>\n9%<\/td>\n<\/tr>\n
Nottingham\t<\/td>\n\u00a3202<\/td>\n\u00a31,700<\/td>\n9%<\/td>\n<\/tr>\n
Knowsley\t<\/td>\n\u00a3142<\/td>\n\u00a31,194<\/td>\n9%<\/td>\n<\/tr>\n
Oldham\t<\/td>\n\u00a3154\t<\/td>\n\u00a31,296<\/td>\n9%<\/td>\n<\/tr>\n
Middlesbrough\t<\/td>\n\u00a3129\t<\/td>\n\u00a31,084<\/td>\n8%<\/td>\n<\/tr>\n
Rotherham\t<\/td>\n\u00a3153\t<\/td>\n\u00a31,284\t<\/td>\n8%<\/td>\n<\/tr>\n
Sandwell\t<\/td>\n\u00a3164\t<\/td>\n\u00a31,376\t<\/td>\n8%<\/td>\n<\/tr>\n
Trafford<\/td>\n\u00a3253\t<\/td>\n\u00a32,125\t<\/td>\n8%<\/td>\n<\/tr>\n
Erewash<\/td>\n\u00a3195<\/td>\n\u00a31,641<\/td>\n8%<\/td>\n<\/tr>\n
Newark and Sherwood<\/td>\n\u00a3199<\/td>\n\u00a31,673<\/td>\n8%<\/td>\n<\/tr>\n
Melton<\/td>\n\u00a3219<\/td>\n\u00a31,840<\/td>\n8%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
United Kingdom<\/strong><\/td>\n\u00a3288<\/strong><\/td>\n\u00a32,417<\/strong><\/td>\n3%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Most affordable sofa property spots based on price per sq ft<\/strong>\n <\/th>\n<\/tr>\n<\/thead>\n
Location\t<\/strong><\/td>\nAverage property price per sq ft\t<\/strong><\/td>\nSofa Cost per sq ft (8.4)<\/strong><\/td>\n<\/tr>\n
Blaenau Gwent<\/td>\n\u00a386<\/td>\n\u00a3722<\/td>\n<\/tr>\n
Burnley<\/td>\n\u00a3103<\/td>\n\u00a3862\t<\/td>\n<\/tr>\n
Pendle<\/td>\n\u00a3109<\/td>\n\u00a3913<\/td>\n<\/tr>\n
Rhondda Cynon Taf<\/td>\n\u00a3110<\/td>\n\u00a3921<\/td>\n<\/tr>\n
County Durham<\/td>\n\u00a3114<\/td>\n\u00a3957<\/td>\n<\/tr>\n
Merthyr Tydfil<\/td>\n\u00a3114<\/td>\n\u00a3960<\/td>\n<\/tr>\n
Angus<\/td>\n\u00a3116<\/td>\n\u00a3974<\/td>\n<\/tr>\n
Neath Port Talbot<\/td>\n\u00a3118<\/td>\n\u00a3994<\/td>\n<\/tr>\n
Hartlepool\t<\/td>\n\u00a3119<\/td>\n\u00a31,000\t<\/td>\n<\/tr>\n
Blackpool\t<\/td>\n\u00a3120<\/td>\n\u00a31,010\t\t<\/td>\n<\/tr>\n
Hyndburn\t<\/td>\n\u00a3122\t<\/td>\n\u00a31,025\t\t<\/td>\n<\/tr>\n
Copeland<\/td>\n\u00a3126\t<\/td>\n\u00a31,057\t\t\t<\/td>\n<\/tr>\n
Blackburn with Darwen<\/td>\n\u00a3126\t<\/td>\n\u00a31,061\t\t\t<\/td>\n<\/tr>\n
Kingston upon Hull<\/td>\n\u00a3129\t<\/td>\n\u00a31,081\t<\/td>\n<\/tr>\n
Middlesbrough<\/td>\n\u00a3129<\/td>\n\u00a31,084<\/td>\n<\/tr>\n
Sunderland<\/td>\n\u00a3132<\/td>\n\u00a31,110<\/td>\n<\/tr>\n
Carmarthenshire<\/td>\n\u00a3132<\/td>\n\u00a31,110<\/td>\n<\/tr>\n
North East Lincolnshire<\/td>\n\u00a3134<\/td>\n\u00a31,122\t<\/td>\n<\/tr>\n
Rossendale<\/td>\n\u00a3136<\/td>\n\u00a31,142<\/td>\n<\/tr>\n
Doncaster\t<\/td>\n\u00a3137\t<\/td>\n\u00a31,148<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
United Kingdom<\/strong>\t<\/td>\n\u00a3288<\/strong><\/td>\n\u00a32,417<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Biggest annual change in sofa property price footprint<\/strong>\n <\/th>\n<\/tr>\n<\/thead>\n
Location<\/strong><\/td>\nAverage property price per sq ft<\/strong><\/td>\nSofa Cost per sq ft (8.4)<\/strong><\/td>\nChange (%)<\/strong><\/td>\n<\/tr>\n
Angus\t<\/td>\n\u00a3116<\/td>\n\u00a3974<\/td>\n-15%<\/td>\n<\/tr>\n
South Lakeland<\/td>\n\u00a3227<\/td>\n\u00a31,903<\/td>\n-5%<\/td>\n<\/tr>\n
Hinckley and Bosworth<\/td>\n\u00a3240<\/td>\n\u00a32,016<\/td>\n-5%<\/td>\n<\/tr>\n
East Devon<\/td>\n\u00a3264<\/td>\n\u00a32,218<\/td>\n-5%<\/td>\n<\/tr>\n
Kettering<\/td>\n\u00a3193<\/td>\n\u00a31,617<\/td>\n-3%<\/td>\n<\/tr>\n
South Norfolk<\/td>\n\u00a3239<\/td>\n\u00a32,008<\/td>\n-1%<\/td>\n<\/tr>\n
St Albans<\/td>\n\u00a3516<\/td>\n\u00a34,333<\/td>\n-1%<\/td>\n<\/tr>\n
Chelmsford<\/td>\n\u00a3351<\/td>\n\u00a32,948<\/td>\n-0.3%<\/td>\n<\/tr>\n
Charnwood<\/td>\n\u00a3216<\/td>\n\u00a31,810<\/td>\n-0.2%<\/td>\n<\/tr>\n
Birmingham<\/td>\n\u00a3293<\/td>\n\u00a32,457<\/td>\n-0.2%<\/td>\n<\/tr>\n
Warwick<\/td>\n\u00a3309<\/td>\n\u00a32,597<\/td>\n-0.1%<\/td>\n<\/tr>\n
Rushmoor<\/td>\n\u00a3348<\/td>\n\u00a32,923<\/td>\n0.1%<\/td>\n<\/tr>\n
Warrington<\/td>\n\u00a3208<\/td>\n\u00a31,747<\/td>\n0.2%<\/td>\n<\/tr>\n
Hertsmere<\/td>\n\u00a3496<\/td>\n\u00a34,162<\/td>\n0.2%<\/td>\n<\/tr>\n
Richmond upon Thames<\/td>\n\u00a3733<\/td>\n\u00a36,155<\/td>\n0.3%<\/td>\n<\/tr>\n
Southwark\t<\/td>\n\u00a3783<\/td>\n\u00a36,573<\/td>\n0.3%<\/td>\n<\/tr>\n
Kingston upon Thames<\/td>\n\u00a3564<\/td>\n\u00a34,740<\/td>\n0.3%<\/td>\n<\/tr>\n
West Oxfordshire<\/td>\n\u00a3333\t<\/td>\n\u00a32,799<\/td>\n0.3%<\/td>\n<\/tr>\n
Wandsworth<\/td>\n\u00a3771<\/td>\n\u00a36,480<\/td>\n0.4%<\/td>\n<\/tr>\n
Winchester<\/td>\n\u00a3407<\/td>\n\u00a33,421<\/td>\n0.4%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
United Kingdom<\/strong><\/td>\n\u00a3288<\/strong><\/td>\n\u00a32,417<\/strong><\/td>\n3%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    \n
  • Furniture footprint sourced from Shurgard<\/li>\n
  • Property price data and annual change sourced from PropertyData<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    The latest research by lettings and estate agent, Benham and Reeves, has revealed that your sofa is swallowing up as much as \u00a311,000 of your property\u2019s value, when it comes to house prices per square foot.<\/p>\n","protected":false},"author":1,"featured_media":290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[464,462],"tags":[],"class_list":["post-289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-landlords-investors"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/comments?post=289"}],"version-history":[{"count":3,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/289\/revisions"}],"predecessor-version":[{"id":1184,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/289\/revisions\/1184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media\/290"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media?parent=289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/categories?post=289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/tags?post=289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}