Book a Property Valuation

• Diss Office: 01379 650680 • Harleston Office: 01379 852200

FREE Instant Online Valuation
kevin_parson_square

As the Author of the Diss and Harleston Property Blog, I like to post regular articles on the local market, interesting statistics and new properties coming to the market.  So, if you are someone just interested in the property market, buying, selling, investing or a Landlord, I am always available to answer any questions or give advice about buying a property, even if a property on the market with another estate agent.  You can telephone me on my direct line 07919 416831 or email at kevin@parson.ltd.uk.

 

Listen to my Park Radio Local Property Expert Show every second Thursday of the month at 11am
 

 

The Harleston Monopoly Board

The Harleston Monopoly Board

NEWS Kevin Parson 11th September 2019

The Harleston Monopoly Board

 Board games seem a thing of the past for youngsters nowadays with their consoles and mobile phones yet a family favourite in our household that will bring young and old together is Monopoly.

 Mayfair is the square everyone wants to buy and whilst it is the most expensive to buy – it offers the greatest returns. Mayfair was the must have London address when the Monopoly board game was made in 1935 when, at the time, it was the most expensive street to buy houses at £400 each. A member of my family asked me what a property today would be worth in Mayfair and how much it would cost to buy them all. Readers will know I like a challenge. My research shows that a typical house in Mayfair today costs on average £2.8m - whilst the total value of all the property in the Mayfair area currently stands at £11.8bn.

 The fun part of Monopoly was to build more houses and ultimately a hotel to extract the maximum rent from the other players who landed on the square. That made me think, instead of looking at the average value of a property on the street, what if we looked at the total value of property on the whole street. So, I carried out some research on all the 178 streets in IP20 and calculated the top 20 streets in terms of their total value of all properties on the street..  and just for fun, colour coded them as if they were on a Monopoly board  … 

Monopoly Board Street

Harleston (IP20) Equivalent Street

Total Value of all the Homes on the Street

Mayfair

High Road

£78,640,000

Park Lane

The Street

£51,005,000

Bond Street

Low Road

£37,158,000

Oxford Street

Bullfinch Drive

£22,359,000

Regent Street

Mendham Lane

£21,981,000

Piccadilly

Redenhall Road

£21,281,000

Coventry Street

Harvest Way

£20,701,000

Leicester Square

Shotford Road

£20,392,000

Trafalgar Square

The Common

£19,865,000

Fleet Street

Pilgrims Way

£18,237,000

The Strand

London Road

£17,933,000

Vine Street

Station Road

£17,213,000

Bow Street

Briar Road

£16,405,000

Pall Mall

Hardwick Road

£15,893,000

Whitehall

Church View

£15,188,000

Northumberland Ave

Norwich Road

£14,507,000

Pentonville Road

Needham Road

£13,844,000

Angel Islington

Jays Green

£13,156,000

White Chapel Road

Withersdale Street

£13,029,000

Old Kent Road

Cranes Meadow

£12,829,000

Mayfair and Park Lane are represented by High Road and The Street.. no great surprises there, yet there are some surprises in the mix including Bullfinch Drive and Briar Road. They are rightly in the list because of the sheer size of those streets; because whilst the value of those homes are much lower than the posher streets, the total value of the whole street means they make the top 20 list.

 

  

Now of course whilst drawing a comparison between a 1935 board game and the actual total house values on those Harleston streets and roads provides a light hearted point of view of the Harleston property market, it does present a credible picture of Harleston’s most popular streets. Next time I will get back to writing an article with a little more seriousness and deeper issues on the Harleston housing market … but this week, I hope you enjoyed my little bit of fun!

If you would like to pick my brains on the Local Investor / Lettings Property Market – pop in for a coffee or drop me a line on social media or email.  Mydirect number 01379 673507 or email kevin@parson.ltd.uk

Check mortgage eligibility online