£1.4m Mayfair? That's real Monopoly money: True value of property on each street of the board at today's prices is revealed
- Values on the board haven't changed since game came to Britain in 1936
As every Monopoly aficionado knows, Mayfair carries the highest price tag of £400.
However, as every Londoner knows all too well, it has been a very long time since you could buy a home there without adding a few zeros to this figure.
Now, experts have revealed just how much properties on the game's board would set you back at today's prices.
Upper Grosvenor Street, Mayfair: A typical home in the well-heeled inner London district or its exclusive partner Park Lane - £350 on the board - would cost at least £1.4million
A typical home in Mayfair or its exclusive partner Park Lane – £350 on the board – would cost at least £1.4million.
Even the two bargain basement buys in the game have rocketed.
The Old Kent Road and Whitechapel Road are just £60 each in Monopoly but have risen dramatically to £192,714 and £295,082 respectively.
Many areas have shot up the fashion stakes and would be in higher categories if the game was based on modern prices.
They include Whitehall, which is only £140 on the board but where a home now costs an average £1,172,778.
Angel Islington is £100 to players but a typical home there would cost £610,382.
Time for an update? Many areas have shot up the fashion stakes and would be in higher categories if the game was based on modern prices
Dated: Values on the board have not changed since the game came to Britain from the US in 1936. They were simply converted from dollars to pounds and had no link to the real house or apartment prices of the time
The average price in Monopoly is £208 but the modern equivalent for the same areas would be £788,106, according to The Halifax
Values on the board have not changed since the game came to Britain from the US in 1936.
They were simply converted from dollars to pounds and had no link to the real house or apartment prices of the time.
Soaring values mean that not a single property in areas on the board would now be affordable to a Londoner working full-time and earning the national average salary of £26,500.
The research was based on official sale prices from the Land Registry for homes in the postcode area over the last five years.
More than 275 million sets of Monopoly have been sold across the globe since it went on sale in the 1930s.
Its makers Hasbro have recently made a move to modernise the game by removing one of its tokens and replacing it.
The games giant held a global poll and there was frantic voting by players and fans in 120 countries.
As a result, the iron will be axed and its place taken by a cat from next month.
As Steve Jobs is now in Heaven, the Apsaras are now called Items !
No comments:
Post a Comment