Six UK vineyards where homebuyers avoid the 84% premium
Six affordable UK vineyards where homebuyers avoid the 84% house price premium and toast a better deal
The latest research from Yopa has revealed that living close to one of the UK’s top vineyards will set homebuyers back an average of £494,739, 84% more than the current UK average house price. However, there remain a handful of locations where wine lovers can enjoy proximity to a vineyard without paying above the odds for a property.
Yopa analysed property prices across postcode districts home to 50 of the UK’s best vineyards and compared these to the average house price across each wider respective local authority.
When most people think of vineyards, their mind turns to the rolling hills of France or the sun-drenched estates of Italy. But the UK is home to a growing number of award-winning vineyards and demand for homes near them reflects their rising reputation.
The bad news is that, with an average house price of £494,739, living within a vineyard postcode comes at a considerable cost – some 84% higher than the wider national average of £268,652.
Some of the steepest premiums can be found near Busi Jacobsohn Wine Estate in Wealden, where the average house price in the TN3 postcode comes in 86.3% above the wider average for Wealden.
Ashford in Kent is home to no less than four of the top 50 vineyards analysed by Yopa and three of them command some of the highest house price premiums when compared to the wider area – Biddenden Vineyards in the TN27 postcode (75.0%), and Gusbourne Estate and Woodchurch Wine Estate in the TN26 postcode (66.8%).
Ryedale Vineyards in North Yorkshire (66.5%) and Camel Valley in Cornwall (63.3%) also command some of the biggest premiums associated with the UK’s best vineyards.
But not every vineyard location requires homebuyers to pay above the odds.
Yopa’s research has identified six vineyard postcodes where house prices actually sit below the average for the wider local authority, offering rare value for those who want countryside charm with a glass of something local.
These include Alder Vineyard in West Devon (-0.5%), Woodchester Valley Vineyard in Stroud (-0.6%), Lympstone Manor Estate in East Devon (-2.8%), Rathfinny Wine Estate in Wealden (-8.1%), Astley Vineyard in Malvern Hills (-13.1%), and Hambledon Vineyard in Winchester, where homebuyers can purchase at 23.1% below the local average.
These pockets of relative affordability present an opportunity for buyers seeking the best of both worlds: scenic living and local viticulture, without paying a premium.
Yopa’s National Franchise Director, Steve Anderson, commented:
“The idea of living close to a beautiful English vineyard is understandably appealing, but many buyers might be surprised at just how much of a premium they need to pay for the privilege.
Fortunately, there are still a few hidden gems out there where you can enjoy the rural lifestyle and local wine scene without overspending. For those with an eye for location and value, these vineyard hotspots could be a perfect match.”
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