Property prices have increased 105 fold during the Queen's 60 year reign and 16 times since the Silver Jubilee in 1977, according to new research from Hamptons International.
At a time when the nation is gearing up for a weekend of street parties and celebration, the Hamptons International research analysed the cost of a home in 1952, 1977 and 2012.
In 1952, the average price of a home in the UK was just £1,520 and £9,737 in 1977, compared with £160,000 today. The research found that the average price of a home in London has risen 134 fold since 1952 and 21 fold since 1977. In 1952, the average price of a London home was £2,650, in 1977 it had risen to £16,493 compared with the average price of £354,300.
Adam Challis, Head of Research at Hamptons International, commented on the findings "Britons are well known for their love affair with bricks and mortar and our jubilee property price analysis goes some way to prove just what a reliable investment property has been over the long-term. A 105 fold increase in the value of the average home in the UK over a 60 year period equates to a profit of just over £7 a day. This profit is inflated even more in London, where price growth represents £16 a day over a 60 year period, representing a rather healthy return on investment."
Hamptons International is selling a number of properties which were for sale and/or built in the 1950s:
Description: An imposing country house which had recently been considerably enlarged to provide a home of exceptional style and quality. The property benefits from nine bedrooms, five bathrooms, a three bedroom detached cottage and over 10 acres of land. The winery currently produces wine for private use of the owners. The whole process happens on site from growing, pruning, resting and labeling.
Agent: Hamptons International Sussex Country House 01403 262828.
Previously for Sale in March 1952 (marketing price unknown as sold at auction)
Albermarle House, Guildford
Description: On the market for the first time since being built in 1950 a detached 3 bedroom house which is in need of complete modernisation and has potential to extend, subject to obtaining the necessary planning permission. There is an entrance hall with coats cupboard and cloakroom, a sitting room, dining room, study and kitchen with door to the garden. To the first floor are three bedrooms and a bathroom.
Agent: Hamptons International Guildford; 01483 502222
Description: An attractive detached house built in the 1950s by a local builder for his own use. The house has a wealth of character features including a fine hallway with central oak staircase and parquet flooring. On the ground floor, there is a sitting room which opens onto a conservatory, separate dining room, newly fitted kitchen with utility/breakfast room. Upstairs there are 3 double bedrooms and a good bathroom.
Agent: Hamptons International Marlborough 01672 516256