Manor House Price Now 11 Times Higher than National Average

The average cost of a manor house is now £2,102,344 which is 11 times higher than the national average, according to the latest sale price analysis from Jackson-Stops & Staff.

The estate agent, which has 44 offices throughout the UK, states that the manor house cost is almost double the sale price of the average UK farmhouse, which has an average sale price of £1,089,857.

Meanwhile the least expensive of the three typically English homes is the cottage, although the data also reveals that they do not offer the best value for money.

On average, the old rectory style cottage comes in at £234 per sq ft, while the roomier barn conversion sosts around £288 per sq ft. Therefore, on this basis, cottages are more expensive at £320 per sq ft.

While manor houses cost £1 million more than a farmhouse on average, they provide better value for money in terms of a price per sq ft basis (£343) which is just £23 more than a chocolate box style cottage (£320).

Barn conversions are on average £378,066 cheaper than old rectories, which is more than the average sale price of a typical property in the UK.

However, in terms of price per sq ft, old rectories provide greater value for money. Although barn conversions attract a higher sq ft premium because of their large open plan entertaining areas that fit in well with dinner party culture and modern lifestyles.

Chairman of Jackson-Stops & Staff, Nick Leeming, commented that their research illustrates the feudal hierarchy that remains present in terms of the most popular quintessentially English homes.

He believes that for large families who are in a position to invest in a historic property, manor houses offer the best value for money in terms of the space they provide rather than the cheaper farmhouse.

The survey also revealed that the typical chocolate box cottage is the cheapest but they do not offer the best value for money with regard to size.


Latest Issue

BDC 318 : Jul 2024