When it comes to buying or renting a property, there are many factors to consider. Aside from location, size, and amenities, one important element that can significantly impact a property’s value is the availability and quality of broadband and mobile signal.
Studies have shown that properties with faster broadband speeds and stronger mobile signal tend to be more attractive to buyers and tenants. In today’s connected world, access to reliable and high-speed internet is considered essential for many people. Whether it’s for remote work, online streaming, or simply staying connected with friends and family, a fast and stable internet connection is highly valued.
The predicted broadband speed is an important consideration for potential residents. OnTheMarket provides data on broadband availability and predicted speed, which is obtained from Ofcom. They offer three different readings: basic (up to 30 Mbit/s), super-fast (between 30 Mbit/s and 300 Mbit/s), and ultra-fast (over 300 Mbit/s). It’s important to note that these readings are predictions and may not represent the exact speed experienced by residents.
In addition to broadband, mobile phone signal availability and predicted strength also play a role in property value. Ofcom provides data on mobile signal predictions, helping potential buyers and tenants assess the quality of mobile reception in a specific area.
Overall, the availability and quality of broadband and mobile signal are important factors to consider when assessing the value of a property. While other aspects such as location and amenities are crucial, a strong and reliable internet connection has become increasingly important in our modern lives.