Living Next To A Cemetery

Living Next To A Cemetery

GRAVE CONCERN

How living next to a cemetery could knock 25% off the value of your home

Research finds having a graveyard next door be a nail in the coffin when trying to sell your home

  • 0:01, 31 Oct 2016
  • Updated: 17:42, 28 Oct 2016

HAVING a house next to a cemetery could kill off your chances of selling it at a good price.

New research has revealed that properties on streets bordering a graveyard are on average nearly 25 per cent below the area's average house price.

Streets next to graveyards can have houses at half the price of the area's average, the research found

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Streets next to graveyards can have houses at half the price of the area's average, the research found Credit: Getty Images

There are over 14,000 cemeteries in the UK

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There are over 14,000 cemeteries in the UK Credit: Getty Images

HouseSimple.com studied property prices on streets in 13 UK towns and cities that sit next door to a cemetery, comparing their prices to the postcode average.

It showed prices were on average 23 per cent lower than the area average.

Houses overlooking St Patrick's Cemetary in Leytonsone were on average £258,000 -- nearly exactly half of the £511,000 average in the E11 postcode.

Houses bordering St Patrick's cemetery in Leytonstone, London, were have the price of the area's average

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Houses bordering St Patrick's cemetery in Leytonstone, London, were have the price of the area's average

While graveyards could be a concern for sellers, first time buyers could pick up a bargain

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While graveyards could be a concern for sellers, first time buyers could pick up a bargain Credit: Alamy

Meanwhile, property prices next to Linthorpe Cemetery in Middlesbrough are 44% below the postcode average.

Alex Gosling, CEO HouseSimple.com, said homes next to cemetaries could be lucrative for potential buyers looking to pick up a bargain.

He said: "For many of us, living next to a cemetery would cause us sleepless nights.

"But for buyers who aren't easily spooked, they could pick up a bargain.

"And if you can get past the fact there are gravestones a few yards from your front door, what you're actually overlooking is a serene and quiet space, that is unlikely to ever be developed."


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Living Next To A Cemetery

Source: https://www.thesun.co.uk/living/2070930/how-living-next-to-a-cemetery-could-knock-25-off-the-value-of-your-home/

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