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Outside factors that may influence your property's value

Most of us know what we can do inside our home to increase its value - declutter, neutral decor, a new boiler and so on - but are you aware of environmental factors that can help your property appreciate' You may have heard of the Waitrose effect but it's not just an upmarket store that causes house prices to rise. Take Sudbury in Suffolk, for instance. The market town recently joined an exclusive property group - entering the top 10 of millionaire hotspots in 2014. More than five houses for sale in Sudbury changed hands for in excess of £1 million last year - making it the only area outside of London and the immediate commuter belt to do so. Why' Fringe benefits One Suffolk estate agent has called it the 'Cambridge effect' - citing unsustainable house prices and demand in the scholarly city for the displacement of buyers out into Suffolk. Winkworth is monitoring house prices in all the major cities in the East of England and we're charting any 'ripple effect' - where desirability spreads from a core and the search for property radiates out. It helps if your neighbourhood has a train station with direct links to cities and to London. Schools Families are absorbed by school league tables as much as they are with house price indexes, so if your community is home to well-ranked schools (ask about the Ofsted grading and check the Sunday Times league tables), make sure this is highlighted in your property particulars. Market town status The East of England is home to some stunning market towns and if you're living in one with a property to sell, take a bow. Lloyds found that properties in market towns were typically worth £25,000 more than similar properties in other towns in the area. Food glorious food We have become a nation of gastronomes and dining out is seen as a way of life for some. A primelocation.com study in 2012 found that house prices in areas with Michelin-starred restaurants were 50% more than the regional average. And finally, Waitrose No year is complete without property experts estimating how much a local Waitrose adds to the value of a property. Lloyds Bank has come up with the latest figure, claiming that a Waitrose in the local vicinity can add 12% to your home's value. As an East of England estate agent with five branches across the region, we have become experts at noting what developments and local improvements have an effect on house prices. This is important for everyone in the property market. For sellers, it's good to know what's in the pipeline so it can be used as a selling feature (thus realising the true value of your property); for purchasers of East England property for sale it's uplifting to know appreciation prospects might lie ahead; for landlords it's more about what appeals to tenants and keeps an investment's long-term returns healthy, and for tenants it's about moving to area with potential and a great infrastructure. If you would like to know more about the developing East England property market and for a list of properties for sale in Hertfordshire, Suffolk, Norfolk and Lincolnshire, contact Winkworth today.

Most of us know what we can do inside our home to increase its value - declutter, neutral decor, a new boiler and so on - but are you aware of environmental factors that can help your property appreciate'

You may have heard of the Waitrose effect but it's not just an upmarket store that causes house prices to rise. Take Sudbury in Suffolk, for instance. The market town recently joined an exclusive property group - entering the top 10 of millionaire hotspots in 2014. More than five houses for sale in Sudbury changed hands for in excess of £1 million last year - making it the only area outside of London and the immediate commuter belt to do so. Why'

Fringe benefits

One Suffolk estate agent has called it the 'Cambridge effect' - citing unsustainable house prices and demand in the scholarly city for the displacement of buyers out into Suffolk. Winkworth is monitoring house prices in all the major cities in the East of England and we're charting any 'ripple effect' - where desirability spreads from a core and the search for property radiates out. It helps if your neighbourhood has a train station with direct links to cities and to London.

Schools

Families are absorbed by school league tables as much as they are with house price indexes, so if your community is home to well-ranked schools (ask about the Ofsted grading and check the Sunday Times league tables), make sure this is highlighted in your property particulars.

Market town status

The East of England is home to some stunning market towns and if you're living in one with a property to sell, take a bow. Lloyds found that properties in market towns were typically worth £25,000 more than similar properties in other towns in the area.

Food glorious food

We have become a nation of gastronomes and dining out is seen as a way of life for some. A primelocation.com study in 2012 found that house prices in areas with Michelin-starred restaurants were 50% more than the regional average.

And finally, Waitrose

No year is complete without property experts estimating how much a local Waitrose adds to the value of a property. Lloyds Bank has come up with the latest figure, claiming that a Waitrose in the local vicinity can add 12% to your home's value.

As an East of England estate agent with five branches across the region, we have become experts at noting what developments and local improvements have an effect on house prices. This is important for everyone in the property market. For sellers, it's good to know what's in the pipeline so it can be used as a selling feature (thus realising the true value of your property); for purchasers of East England property for sale it's uplifting to know appreciation prospects might lie ahead; for landlords it's more about what appeals to tenants and keeps an investment's long-term returns healthy, and for tenants it's about moving to area with potential and a great infrastructure.

If you would like to know more about the developing East England property market and for a list of properties for sale in Hertfordshire, Suffolk, Norfolk and Lincolnshire, contact Winkworth today.

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