A study conducted by flooring specialist Mr Sander has reportedly identified Wolverhampton as the best place to start a renovation project in the UK.
Using data sourced from GOV.UK, Rightmove, and Checkatrade, the study’s analysis is based on four key factors: median house price, planning approval rate, tradesperson reviews, and the percentage of homes deemed to have renovation potential.
According to the study, an increasing number of individuals are opting to purchase properties in need of renovation, aiming to save costs and infuse their distinct style into their new homes. The study seeks to pinpoint the regions where this trend is most feasible.
Wolverhampton emerges as the UK’s top renovation hotspot in the results, boasting a median house price below the national average at £193,707, a planning approval rating of 93.7%, 42% of homes with renovation potential, and a tradesperson score of 9.90.
In second place is Sandwell, another West Midlands area, where the median house price is £199,977, the planning approval rate is 92.9% and a percentage of 43.7% houses that hold potential.
County Durham ranks third with an overall score of 75.35. The median house price is £127,727, with a high planning approval rate of 95.8% and 22% of homes showing renovation potential.
Anthony Miller, CEO of Mr Sander commented on the findings: “This latest study reveals the prime locations in the UK ideal for initiating renovation projects highlighting the regions with significant renovation potential and shedding light on the key factors that inform successful property transformations.”
www.mrsander.co.uk
Please click to view more articles about
Latest News