Value for Yummy: Living in An Area with Varied Deliveroo Options Adds £36,000 To the Value of Your Home
Property portal Boomin has revealed that living in an area with a large variety of choice in restaurant and takeaway options can add an average of £36,000 to your home’s value.
Dubbed the ‘Deliveroo Effect’ similar to what has been seen with homes located within the vicinity of a Waitrose supermarket, researchers reviewed house price increases across the nation, and their correlation to the number of restaurant options each postcode had nearby. The study reveals that those with approximately 100 different options on the popular takeaway app can expect their home’s value to be boosted by more than £35,000.
With takeaway apps having become more important throughout the pandemic, the study also delved into which specific food choices are actually adding the most value to your home, with some brands adding more than others. For instance, living in a postcode with access to Papa John’s delivery adds an average of £11,355, while a postcode which provides KFC delivered to your door could demand an additional £13,008 of value.
Doubling the value of the takeaway choices, were high street dining favourites such as Gourmet Burger Kitchen, which could add a whopping £27,274 to your home if you live locally to one, and Wagamama, the popular chain that serves up Japanese fare, and an average home value increase of £30,887. Top of the pack however is Byron Burger, adding an additional £33,132 to home’s located close to one of the burger chain’s 27 nationwide locations.