Key points –
- Georgian Homes Command Premium Prices: Georgian era houses, especially in top towns and neighborhoods in England and Scotland, such as Edinburgh’s New Town and Stamford in Lincolnshire, demand a significant price premium, averaging 27% more than local averages.
- Historical Significance and Architectural Appeal: The appeal of Georgian homes is deeply rooted in their historical significance, classic proportions, symmetry, and light-filled rooms. These homes, dating from the “long century” (1714-1837), are prized for their timeless beauty and enduring architectural style.
- Stamford as a Prime Example: Stamford, Lincolnshire, serves as a quintessential example of a Georgian town, with its well-preserved Georgian streetscape and rich history. The town’s desirability is enhanced by its vibrant community, historical preservation, and accessibility to London.
In the UK, the Georgian era, spanning from 1714 to 1837, represents a time of peace, prosperity, and architectural innovation. This period, often referred to as the “long century” due to its duration, saw the rise of elegant, symmetrical homes that continue to captivate buyers today.
According to research by Savills for Telegraph Money, the top 20 Georgian towns and neighborhoods in England and Scotland see house prices average a premium of 27% compared to local averages. These homes, found in places like Edinburgh’s New Town and West End, Easingwold in Yorkshire, and Stamford in Lincolnshire, are sought after for their classic proportions and enduring appeal.
Stamford, A Quintessential Georgian Gem
John Betjeman, a revered poet, once hailed Stamford as England’s most attractive town. Its rich history, rooted in the wool trade and its preservation from industrialization, has left a largely Georgian streetscape intact. The town was spared during WWII, rumored to be because Hermann Göring had plans for Burghley House. This history, combined with its vibrant community and accessibility to London, makes Stamford a prime location for Georgian home enthusiasts.
Living the Georgian Dream: A Case Study
Matthew Cox and Camilla McLean’s story exemplifies the allure of Georgian homes. Cox, a third-generation antiques dealer and furniture designer, returned to his hometown of Stamford to establish an online business. Today, they live and work in a historic Georgian house, using it as a backdrop for their designs and as a living showroom. Their story reflects the seamless integration of modern living with historical architecture.
The Price of History
James Abbott from Savills points out that the scarcity of these homes, especially near desirable schools in Stamford, drives up prices. A typical town center Georgian house in Stamford can cost between £1.5m and £2m.
Architectural Appeal Across the Country
From Edinburgh’s World Heritage-listed Georgian New Town to Bath’s iconic Royal Crescent and The Circus, these properties command significant premiums. In Bath, properties in the Royal Crescent and The Circus have achieved average values up to 98% above the city’s average.
Neo-Georgian Influence
The research also highlights the impact of “neo-Geo” architecture on property values. Poundbury in Dorset, inspired by King Charles, showcases this trend. These newer homes, while reflecting Georgian style, offer the benefits of modern fittings and sustainability, often at more accessible prices.
The Georgian era’s architectural legacy continues to influence the UK’s housing market, with its classic designs, proportions, and historical significance commanding high demand and prices. Whether in historic towns like Stamford or in modern interpretations like Poundbury, the Georgian style remains a testament to a bygone era’s lasting appeal.