About 40% of people claim that the poor state of homes in their neighbourhood drives down the value of their own property, according to a new report. Research by insurance firm LV= found that common problems included broken windows, old furniture dumped outside and overgrown gardens.
Of the 2,000 adults surveyed, one in three said their homes had been "damaged" by issues emanating from an adjacent home, such as flooding, damp, pest infestations or broken fences - leading to disputes over whose home insurance would be liable for the costs.
The insurer also said that loud music from a nearby house could knock thousands of pounds off the value of a property.
Managing director John O'Roarke said: "This research shows that the financial price of living nearby an untidy neighbour could have dire consequences, not only on your lifestyle but also on a home's value and maintenance costs.
"Our research also found that unkempt properties have caused 7% of homeowners to fall out with their neighbours, so ensuring good neighbourly relations is always sensible - that way unpleasant situations can often be prevented."
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