New Research Reveals Paint Colours Increasing Home Values by Up to £83,138
Across the country, thousands of homeowners have revitalised their properties by painting their facades. This trend is especially popular among those with homes featuring the once-unfashionable pebbledash exterior.
Traditionally, pebbledash has been linked to a decrease in property value. However, new research by LEWIS Access challenges this perception, suggesting that the issue may simply be one of aesthetics.
Exploring the Value of Paint: A Data-Driven Analysis
LEWIS Access set out to investigate whether pebbledash genuinely affects property value, or if it is more a matter of perception. Through an in-depth study, the company analysed data from 905 semi-detached, three-bedroom properties with gardens and driveways listed for sale on Zoopla within London.
The study meticulously categorised each property’s facade: no pebbledash, partially pebbledash, or fully pebbledash. Additionally, it noted whether the pebbledash was unpainted or painted, and if painted, the specific colour.
This detailed analysis revealed an average property value of £616,862 within the dataset.
The Impact of Paint Colour: Unveiling Hidden Value
LEWIS Access then took the research further by selecting ten properties from each category within the dataset to compare their average price against the overall average.
The findings were striking. Properties with pebbledash exteriors painted in a particular colour saw their average value increase by an impressive £83,138 compared to the overall dataset average.
Transforming Homes, Increasing Value
“Our research shows that the impact of pebbledash on property value may be more about perception than reality,” says Mark Guirard, managing director of LEWIS Access. “By simply painting their pebbledash exteriors in the right colour, homeowners can unlock significant value in their properties.”
LEWIS Access is the UK’s largest scaffold tower manufacturer.
Towers & Sanders Ltd (T/A LEWIS Access)
Unit 1, Bellingham Trading Estate, Franthorne Way, London SE6 3BX, United Kingdom
020 8695 6400 – Main Office
info@scaffold-tower.co.uk – Email
