Does living close to a celebrityââ¬â¢s home add value to your own property? Well, the answer depends on the celebrity, according to a leading property expert.
The question has arisen after two of the Beatlesââ¬â¢ childhood homes were recently given Grade II listed status. But can living near the home of a famous person help you? Keep reading to find out.
Beatlesââ¬â¢ homes given Grade II listed status
John Lennon and Paul McCartneyââ¬â¢s childhood homes in Liverpool are both managed by the National Trust. They have recently been given Grade II listed status by the tourism and heritage minister, John Penrose, on the advice of English Heritage. This means they cannot be altered or bulldozed without special permission.
20 Forthlin Road was the home of Paul McCartney from the age of 13 to 22 and up to 100 Beatles songs were composed in the property. John Lennon lived with his aunt Mimi at the slightly grander Mendips, 251 Menlove Avenue in south Liverpool from the age of 5 to 22. Lennon learned to play the guitar at the property and it is where he rehearsed with their first band, The Quarrymen.
Lennon's partner Yoko Ono said she was delighted with the listing of the house. "Mendips always meant a great deal to John and it was where his childhood dreams came true for himself and for the world." But does living near a celebrity home help your house price?
Bad celebs can damage house prices
A leading expert believes that house prices depend on the celebrity. Having the right celebrity locally can help your neighbourhood, but bad neighbours can have a negative effect.
Property expert Nicholas Leeming said: "An unpopular celebrity can not only make a street less appealing, but actually damage house prices. From our annual Best/Worse Celebrity Neighbours research, it is clear that the public know who they would like to live on their street and those that they feel would harm their street.
ââ¬ÅNo doubt there are a few sighs of relief now and again when celebs move and put their properties on the market."
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