Mercedes-Benz Convertible

Posh cars push up house prices

Mercedes-Benz ConvertibleHaving a posh car on your driveway can add more than £6,000 to the asking price of your house, new research from Avis car rental has discovered.

From a survey of 2,000 people, 35% said a premium car on the driveway will increase the value of their house: the average price boost was £4,300 but people in Wolverhampton reckon it’s even more than that – a hefty £6,100 on the asking price, simply by parking a posh car on the drive.

Enter Avis, of course – which, it points out, will hire you an Audi A1 S line from £32 a day, or a BMW 4 Series M Sport from £84 a day…

And don’t think this is just a car hire firm pitching for business – more than 1 in 10 Brits admit they’ve considered hiring a premium car to coincide with a house viewing…. and 6% admitting to actually having done this in the past!

Reasons for the price boost include giving the impression it’s a desirable area to live in, that it’s a safe neighbourhood and that the house is attractive.

Rightmove: ‘expensive cars raise status of property’

Rightmove housing analyst Miles Shipside said: “The driveway is one of the first things a potential buyer sees when viewing a property, so dressing it with a head-turning car naturally helps set the right first impression.

“Our research shows that 4 out of 10 people make a decision that it’s the house for them before they go beyond the hall, so those early first impressions are very important.”

And which brands are best to park outside if you’re looking to boost the price of your house? According to the below, if you choose a Mercedes-Benz convertible, you’ll be quids in…

Top cars to boost the price of your house

Mercedes-Benz: 45% of people say it boosts house prices

Convertible: 31%

Saloon: 28%

Audi: 25%

BMW: 24%

4×4: 18%