A terrace of housing typically describes a row of identical or mirror-image linked properties. But Savills new analysis suggests that not all terraced houses are identical in terms of value, with an end-of-terrace worth up to 18 per cent more.
We compared the average price of all terraced house sales recorded by the Land Registry in 2015 to the average paid for a No 1, end-of-terrace house in the same region. The highest end-of-terrace premium is found in the West Midlands and the North West, where buyers paid an average 18 per cent more for a No 1 house. An end-of-terrace costs an average £170,634 in the West Midlands and £140,781 in the North West, compared with the mid-terrace average of £144,573 and £119,347 in the two regions respectively.
Unsurprisingly, London has the highest value terraced houses, averaging £603,563 last year. An end-of-terrace in the capital averaged £691,218, or 14.5 per cent more.
Only in Wales, where the average terraced house sold for just £120,088, is there no clear premium for an end-of-terrace. Indeed, last year there was a marginal -0.7 per cent discount.
Why the premium? An end-of-terrace often has the potential to extend sideways, may have greater light from side windows, lower risk of disturbance from neighbours and may even be slightly wider than other properties in the road.