FEBRUARY 11, 2015 | BY A & S Property
The Theory of Everything wins again
It may not have won the BAFTA for Best Film but The Theory of Everything, the biopic based on the life of Stephen Hawking, which won plenty of awards at Sunday’s awards ceremony, comes out on top when it comes to house prices.
To coincide with this year’s BAFTAs, Halifax has compared the house prices in the main locations for 20 UK films to see which one is the best performer.
Of all the locations analysed, house prices in the main locations of The Theory of Everything and The Imitation Game, starring Benedict Cumberbatch and Keira Knightley, saw the biggest house prices rises in the last five years.
Prices in Cambridge, the principal location for The Theory of Everything, have risen by 26%, while in Milton Keynes, where The Imitation Game is set, prices have increased by 25%.
When comparing prices over the last decade, The Theory of Everything and The Imitation Game both feature in the top five, with 1983 film Local Hero, which is set in Aberdeenshire, at the top of the list with price rises of 86% over the last ten years.
Halifax also compared the prices over the last 20 years and found that prices have at least doubled in all 20 film locations during that period.
There has, however, been a very wide range in house price growth among the 20 locations. Shaun of the Dead (based in London) has recorded the biggest price gains (426%) while Gregory’s Girl (filmed in Cumbernauld in Scotland) has seen the smallest rise (107%).
“This light-hearted look at property prices around the settings of some of the UK’s best known films of the past few decades shows that this year’s two leading contenders for awards are also outstanding in terms of house price performance. The two have outperformed all others in the past five years and are in the top five over both the last ten and 20 years,” said Martin Ellis, housing economist at Halifax.
“More generally, there is a mixed picture with some of the Scottish locations faring less well although the area that formed the setting of Local Hero is number one over the past decade,” he added.