Difference in price between terraced and detached?

thermal2844

Is there a very generalised price % difference between terraced and detached? Assuming everything else is the same.

Asking because there is a detached house for sale in a predominantly terraced area, it's rather unusual and I'm really not sure what to offer as there are no comparable sales to go off of. The only concrete data I have is the original sales price and year of sale. The house has not been improved at all since the last sale in 2012.

Is the Nationwide price index something I could go off of?
https://www.nationwide.co.uk/about/house-price-index/house-price-calculator

Cakeguts

You have to have both in the same close area. Not just in that same general area.

ReadingTim

Offer what you're willing and able to pay but bear in mind that there ain't no amount of keyboard warrioring that can tell what the vendor's willing and able to accept.

PasturesNew

Find the 2-3 most recent new build estates in your area and compare.

There is no specific amount .... it's all about what agents/sellers think they can get away with "today, in the current market, depending on what's been happening in the last few months and what the man on the news said that excited/scared people"

AlexMac

Zoopla is disliked by many, but generally estimates values by simply appyling a formula based on the local (3 or 4 digit) postcode's average inflation since the last sale.

I just tried it for our house, which we bought in 2011, and the Zoopla value is a pretty accurate reflection of what properties go for round here.

But as others will say- a house is worth what someone will pay for it- assuming there's an asking price, and unless houses are flying off the shelves in a hot market near you, try going in 5-7% or more under the asking...?

westernpromise

Zoopla unfortunately falters when it comes to valuation of subtly different properties.

A top floor flat in a white stucco house is not worth the same as one on the first floor. The former will have 8 foot ceilings, latter 14 foot ceilings. Zoopla can't deduce this from the address alone and would also have the same problem with terrace versus end of terrace versus semi-detached.

maisie_cat

We moved from a terraced to a detached and found that the premium from semi to detached was around 10-15% so I would expect at least 15% for terraced to detached. The major advantage of detached is sound transfer so many people who have suffered will be willing to pay a decent premium.

SpanishBlue

I would estimate with every thing else equal, a detached property would be about 40% to 50% more than the terraced house.

jamesperrett

Quite a few years ago I lived in a detached house surrounded by terraced houses. Apparently they were originally built for the local quarry and the detached house was the managers house. At the time the managers house was roughly 50% more than the surrounding terraced houses although it wasn't massively larger.

thermal2844

Thank you all for your input, very much appreciated, cheers :beer: