New research by eXp UK reveals that properties with annexes are in high demand, offering sellers a potential windfall of £129,000 on average this festive season.
eXp UK analysed property listings across England, comparing the average sale price of homes with and without annexes.
Their findings indicate that homes featuring an annexe – self-contained living spaces with separate entrances – can command an impressive 20.7% price premium compared to similar properties without one.
ANNEXE VALUE
Annexes provide homeowners with additional, versatile living spaces that are particularly attractive during the holiday season. They offer an ideal solution for hosting family or guests while maintaining privacy and avoiding the usual festive frustrations, such as overcrowded living areas or bathroom queues.
REGIONAL WINNERS
The value of annexes varies across regions, with sellers in Yorkshire and the Humber enjoying the highest percentage increase. Homes with annexes in this region fetch a 24.3% premium, adding an average of £110,500 to the property’s value.
The West Midlands and North East come in a close second, with annexed properties attracting a 23.9% price increase. This translates to a £135,095 premium in the West Midlands and £101,252 in the North East.
In the South East, homes with annexes boast the highest monetary uplift, with a 21.4% premium equating to a staggering £167,500. Even in London, where annex premiums are the lowest at 10.3%, sellers can still expect to pocket an additional £107,550.
FESTIVE ADVANTAGE
Adam Day, Head of eXp UK, says: “Christmas is a time for bringing loved ones together, but after the initial excitement of gifts and festivities, the reality of cramped living arrangements can set in.
“An annexe offers the perfect solution, providing guests with their own private space, while homeowners maintain theirs.
“It’s no surprise that homes with annexes command such significant price premiums.
For sellers, it’s a feature that can add real value and help them achieve a standout sale this festive season.”
