Whether you're putting your home on the market or simply looking for an interior refresh, deciding which homeware trend to go for is no easy feat. From loft conversions to house extensions, decking your garden to fitting a new kitchen, there’s an endless list to choose from.
However, our new research might help make that decision a little easier. Our focus: walk-in and built-in wardrobes.
No longer just for the homes of Beverly Hills, walk-in wardrobes have become a more accessible refurbishment for homes across the UK, amassing 71,100 hashtags on Instagram. For those feeling space-conscious, there’s always the more affordable and compact option of a built-in wardrobe.
We reviewed the cost of 2,515 properties for sale on Zoopla across 18 major UK cities that boast either a walk-in or built-in wardrobe. We then compared them to average property prices to find out how much these interior updates may add to your home.
The Value Of A New Wardrobe
The results are in, and it turns out that walk-in wardrobes may add up to £103,798 to your property value! The average listing price of homes on Zoopla that featured ‘walk in wardrobes’ was £337,687, while the average property price across the 18 cities was £233,889.
Our walk-in wardrobes average around £1,500, with a max order value of £14,000, working out at between a £89,000 and £102,000 profit for homeowners.
For cost-effective renovators, the value boost from adding a built-in wardrobe was almost as impressive. Our research showed that homes featuring ‘built-in wardrobe’ in the description were typically worth £78,632 more than the average property price of £233,889, coming in at an impressive £312,521.
Our built-in wardrobes can start from as little as £480, working out at over £78,000 profit, on average.
For those of you wondering how England’s capital scored - infamous for its property prices; homes in London with walk-in wardrobes boasted an average price tag of £1,008,927. That’s a massive £227,139 above the city’s average of £781,788. Likewise, London homes offering a built-in wardrobe averaged £963,879 - that’s £182,091 above the average price.
“Whether you’re looking to put your house on the market in the next few years, or preparing to sell now, there are a range of factors that contribute to the overall value of a property,” adds Andy Briggs, Head of Graphics and Interior Design, at Spaceslide.
“A dream home for prospective buyers offers features that they won’t have to pay to change once they move in, which is why unique storage solutions, such as a modern walk-in or built-in wardrobe, may bolster your home’s value.
While offering plenty of compact bedroom storage, a great selling point, walk-in wardrobes especially add a luxury feel to set your home apart from the rest. Of course, to maximise your property value, it will take more than one additional feature, but thinking of ways to make the buyer’s life easier after moving is a great place to start.”
Curious to find out how your city fared? Take a look at our maps below for the full walk-in and built-in wardrobe property price figures. Alternatively, if you’re eager to renovate your bedroom with a new wardrobe, we have a wide range of compact and contemporary sliding door wardrobes for you to choose from.
