These are strange times for sure, odd in fact. However, odd may not be such a bad thing, particularly if you have a property to sell.
The latest research by the estate agent comparison site, GetAgent.co.uk, has found that a little oddness goes a long way in the world of property. The firm analyzed sold price records across England and Wales over the last 12 months, cutting the residential market in two based on whether the property had an odd or even number.
The research shows that properties with an odd number not only accounted for a higher number of transactions, but they also sold for a higher price.
There have been 235,600 residential property transactions over the last year to have sold with an odd number, 1.8% more than the 231,355 even-numbered homes sold.
GetAgent also looked at how the two compare across the UK’s major cities. Manchester ranks as the oddest home selling hotspots with a property price premium of £17,000 paid for odd-numbered homes when compared to even.
London ranks second, with £15,000 more paid in the capital for odd-numbered homes in the last year, while Liverpool completes the top three with odd-numbered homes selling for £11,500 more.
It’s not all bad news if you own an even-numbered home though, in some cities, they still command a higher price.
Homes in Oxford selling with even numbers went for £20,000 more than odd-numbered homes over the last year, while they also sold for £5,000 and £4,400 more on average in Birmingham and Bristol respectively.
Colby Short, Founder, and CEO of GetAgent.co.uk commented: “The fact that odd-numbered homes sell for more on average across England and Wales is rather fitting given the year we’ve just had.
“It might seem strange that a particular type of number will command a higher price but it can still be hugely influential during the homebuying process. Everything from views on odds and evens, sentimental value, and even superstitions can play a part in what a buyer is willing to offer, or even buy in the first place.
“However, a house number can also hold more value due to the property itself. For example, you’ll often find one side of the street will house odd numbers with evens on the opposite side. As a result, one or the other might benefit from features such as a south-facing garden or balcony and this can help boost value.
“Of course, to some, it’s still just a number. So it’s not advisable to pin your hopes on securing a higher sold price solely due to the fact you live at number one and not number two.”