The value of a good neighbour: £15,322 precisely

Brits would pay an additional £15,321 for a home if they knew their next door neighbours would be trustworthy, quiet and courteous, according to new research.

Tuesday, 8th May 2012, 6:48 am

The findings reveal an increasingly isolated Britain in which 9.5 million (19 per cent) people say they wish they had a stronger relationship with their neighbours and only 39 per cent would actually call them a friend.

Four in ten of the people surveyed said that they would be willing to pay more for a home if they knew the person living next door would be a good neighbour to them.

The average amount that people would be willing to pay, on top of the price of the property, was seven per cent – equivalent to £15,321 – although roughly 1.5 million people would pay a premium of more than 20 per cent (£43,837+) for this additional peace of mind.

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The same study also revealed that almost 13 million (26 per cent) people in the UK don’t actually know their next door neighbour’s full name and two in five (22%) don’t know what they do for a living. 3.5 million (seven per cent) people in the UK have no idea who they live next door to, while a further 1.5 million (seven per cent) admit to feeling threatened by their next door neighbour.

Samantha Baden, property analyst at, said: “One of the things people want most from a home is to feel safe, comfortable and welcome, and this is almost entirely dependent upon the people who live nearby.

“It’s not just tangible factors like transport links and square footage that contribute to property price – the strength of the local community is a real selling point for many buyers, too.

“The fact that people are willing to pay more than £15,000 to live near a good neighbour highlights the importance of community and security when choosing a new home.

“We may not want to borrow a cup of sugar from our neighbours, but we do want the peace of mind in knowing that we live next door to someone who is courteous and trustworthy.”