Location premium can dwarf building price

New research by Direct Line has revealed a huge gulf between the average price of building a home and its market value. It calculated that in London, while the average price of a three-bed house is £647,571, the price to rebuild it is just £205,000, meaning there is a 216% premium for the land it stands on and its location. Brighton, Bristol, Edinburgh and Norwich had the highest premiums after the capital. It was lowest in the North East.
The Daily Telegraph (19/10/2018)