Average London Property in 1910 Valued at Just £14,000, Compared to £430,500 Today

Recently I have seen that Ancestry.co.uk has launched on-line the Land Tax Valuations from 1910 London. Now we all know that property goes up and down, with most home owners expecting that the long term trend is up. Well this data collection reveals that the historic values of some of the capital’s most famous streets and landmarks from just over a century ago and no surprises that they were lower then than they are today.

Originally the records were compiled in 1910, from across the UK as part of David Lloyd George’s 1910 Finance Act and later refereed to as the ‘Domesday Survey’. The reason behind the government gathering this information was as a means to redistribute wealth through the assessment of land value.

What do the records contain for family historians? There is a listing of the owners and occupiers of the properties and it includes the address, value and annual rental yield for the properties in London in the early 20th century.

The average 1910 property could be purchased for a price tag of just £14,000, it would seem – almost 3,000 per cent less than today.

Of particular interest are the values of famous landmarks included in the collection. The Bank of England; worth a mere £110,000 in 1910, the Old Bailey; worth just £6,600, and Mansion House; which contrastingly was valued at an impressive £992,000. St Paul’s Cathedral also features, but without a valuation as it is listed as ‘exempt’ from tax.

Perhaps more surprising is that the media-hub Fleet Street, was then home to numerous newspapers from outside of London including the Liverpool Courier, Yorkshire Evening News and the Newcastle Chronicle! A property on Fleet Street cost an average of £25,000 in 1910, compared to £1.2 million today.
The records provide us with a valuable snapshot of the ownership of land at the beginning of the 20th century. It may help those with ancestors who appear in the collection to find out more about their forebears respective financial situations and the lives they led a hundred years ago.

Ancestry.co.uk International Content Director Dan Jones, whom I interviewed recently at Who Do You Think You Are? Live about their website, comments: “These records are especially useful as a census substitute for people tracing their London ancestors who may not have been captured in the England and Wales 1911 Census.

“The collection offers a fascinating insight into our capital at the beginning of the 20th century – a time when Britain was on the verge of major social, political and economic change.”

The collection complements the extensive census records, ranging from 1841 to 1901, already online at Ancestry.co.uk.

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My Ancestors Were in the Parish Records?

As a family historian, one of the highlights of my year is to try and get to London’s Olympia for the Who Do You Think You Are? LIVE exhibition in February and mix with like minded people all “doing” their family tree and seeing what is new in our field. In 2010 I signed up early and bought my tickets on-line. This enabled me to also reserve some passes to one or two of the Society of Genealogist’s lectures in the hall. And a good thing I did, as some of them sold out before the day!

I particularly enjoyed the talk given by John Hanson FSG, who has been researching his family tree for about 25 years.

His workshop, called “My Ancestors Were in the Parish Records? Well They Should Have Been!”, gave his audience a really good overview of Births Marriages and Burials as we would expect to find in the church records of England & Wales. As I sat, taking notes and thinking to myself smugly that I already know quite a bit about this area, I found that pretty soon I was listening to some really useful nuggets of information that I just didn’t know, or had forgotten about along the way.

Old Parish Registers

For example: Baptisms

Most people, John Hanson pointed out, think that baptisms tend to peter out with the start of civil registration on the 1st of July 1873, but this is not entirely true. Yes, they have declined in modern times. Hanson’s wife is a verger in their local church and the number of baptisms that their vicar performs these days could be counted on the fingers of one hand. But go back to the eighteenth, nineteenth & early twentieth century, he said, and you would find that the number of children being baptised per week then, would be similar to the numbers that gets baptised in a year today! Up to 1900, however, we will still find our ancestors being baptised in church and it is only as we get closer to today that the numbers drop off. So although we often think of parish records as predominately those to use to get back before 1837, this is a wake up call that these records can still be interesting to look at after that date.

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