Did you know that the availability of broadband and mobile phone signal can have a significant impact on the value of a property? It’s true! A recent study conducted by OnTheMarket.com has revealed that these factors play a crucial role in the desirability and worth of a home.
Gone are the days when location, size, and amenities were the sole determinants of property value. In today’s digital age, connectivity has become the new currency. Prospective buyers and renters are increasingly prioritizing high-speed internet access and reliable mobile phone signal over other factors.
According to the study, properties with access to basic broadband speeds of up to 30 Mbit/s are considered less valuable compared to those with super-fast speeds between 30 Mbit/s and 300 Mbit/s. However, the highest desirability and price premiums are associated with properties that offer ultra-fast speeds exceeding 300 Mbit/s.
Similarly, mobile phone signal availability and strength are crucial considerations for property buyers. A property in an area with poor signal strength may experience a decrease in value, while a property with excellent signal coverage can command higher prices.
It is important to note that the data provided by OnTheMarket.com is based on predictions obtained from Ofcom, the UK’s communication regulatory authority. These predictions are updated regularly but should be viewed as estimations rather than guarantees.
In conclusion, if you are planning to buy or sell a property, don’t underestimate the significance of broadband and mobile phone signal. These factors can greatly influence the desirability and value of a home in today’s tech-driven world.