Property

What are the odds of that? - Homes with even numbers sell for less

Property Reporter
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14th October 2020
Door number 333

Property platform, OpenBrix, has been crunching the numbers and revealed that the price premiums paid between odd and even house numbers are as high as £527,000 in some parts of the property market.

The firm analysed house price data based on sold prices and property numbers to see which commanded the higher sale price and found that, across England and Wales, homebuyers have paid £1,000 more for odd-numbered homes over the last year.

However, in some parts of the property market, this difference is far greater and the largest property premiums are generally paid for even numbers; accounting for 13 of the top 20 areas.

If you really wanted to know, Westminster is home to the largest even and odds price premium of all, with even house numbers fetching an average price of £2.787m. £527k more than the average price of £2.260m paid for odd-numbered properties.

The Isles of Scilly (£290k), Hammersmith and Fulham (£127k), Camden (£113k), South Bucks (£81k), Hackney (£61k), Oxford (£39k), Eden (£34k), Ealing (£33k), Kingston (£28k), Wandsworth (£25k), Kettering (£22k) and Worthing (£20k) also make the top 20 list of property premiums between odd and even numbers, with homebuyers favouring evens over odds.

And the odd numbers...

Kensington and Chelsea is home to the second-largest outright price difference at £400,000 and the highest in favour of odd numbers. Homebuyers in the borough have paid £3.4m for odd-numbered properties in the last year, compared to £3m for even-numbered properties.

Merton is home to the next largest premium for odd-numbered homes, with home buyers paying £51,250 more than even-numbered properties. Tunbridge Wells (£35k), Richmond (£30k), Epping Forest (£29k), Tower Hamlets (£25k) and Uttlesford (£25k) are also some of hottest spots for odd-numbered property price premiums.

Adam Pigott, CEO of OpenBrix, commented:

“It would seem that generally across England and Wales an odd or even number makes a marginal difference to the price paid for a property and for many homebuyers it probably doesn’t register as a pro or con when searching for their dream home.

"In fact, there’s a 50/50 split between the number of areas that command a higher price for both odd and even numbers.

"However, on a more regional level, we seem to favour even numbers where the 20 highest price premiums are concerned. It may be a coincidence, however, many people do have strong views on certain numbers and the superstitions surrounding them.

"It’s well-document that the number 13 can command a far lower price and it would seem the same goes for both odd and even numbers, although homebuyer preferences change from one area to the next.”

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