6.6%
higher home prices where the surrounding buildings are rated clearly more distinctive
Across about 7,900 home sales in 47 English conservation areas, homes whose surrounding buildings people rated clearly more distinctive sold for about 6.6% more, around £16,000. "Clearly more" here means one standard deviation up the rating scale, roughly the step from an ordinary street to a standout one. Part of the gain went to neighbouring homes, not only to the distinctive buildings themselves.
Caveat. The method is quasi-experimental but still observational. It measures perceived distinctiveness, not traditional style, and does not compare new traditional with new modern buildings.