A view of a park can add value to the property

July 28, 2016

We have had the school, then the supermarket and now the park…….comments by various commentators have picked up on different surveys on house prices and have reported that living close to any where with significant appeal increases the value of your home.

According to the most recent research from Online estate agent HouseSimple.com, it states a room with a park view increases the average value of a property by almost a fifth.

Online estate agents HouseSimple.com checked out average property prices close to a main park in each of the UK’s 50 biggest towns and cities, they then compared them to the average property price for the area.

This report follows closely on from a report by Lloyds Bank saying that living close to a well-known supermarket chain could add up to £38,000 to the value of your home.

Lloyds mentions that properties close to a Waitrose store could be worth 10 per cent more than others in the same town or city, Sainsbury’s benefit from the second highest increase in value, with properties worth an average of £27,939 more than homes further away, slightly less for other well known superstores.

For some time now it has been known that living close to a highly rated school will add value to the house, most importantly it will benefit from being in the catchment area for that school, there can be such differencies between the performance of schools  that paying a premium may be very well worth while for parents who have children of school age.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Landlord search activity spikes ahead of major Renters’ Rights Act changes in May

The latest research from Dwelly has found that landlord search activity relating to the Renters’ Rights Act (RRA) has surged over the past three months, as many prepare for the legislation’s most significant reforms set to come into force in May. Dwelly analysed Google search trends data for key terms relating to the Renters’ Rights…
Read More →
Rightmove logo
Breaking News

Highest ever price gap between first-time buyer and second-stepper home

Latest Rightmove data shows that the price gap between a typical first-time buyer home and a second-stepper home is at its highest ever, increasing cost pressures on those looking to trade up: The average asking price for a 3-4 bedroom, typical mid-market second-stepper home is 52% more than a 0-2 bedroom, typical first-time buyer home…
Read More →
Estate Agent Talk

Mortgage Rates and Human Behaviour: Why Small Changes Create Big Reactions

By Sarah Thompson, Group Financial Services Director, Mortgage Scout Mortgage rates have returned to the headlines in recent weeks, with some lenders pushing products back above 5%. Renewed market volatility has been driven in part by global uncertainty, including the conflict in the Middle East and its impact on energy markets and investor confidence. Yet…
Read More →
Breaking News

Nearly six in ten UK property purchases trigger AML red flags

Nearly six in ten UK property purchases now require further scrutiny under anti-money laundering (AML) rules, according to new data from client due diligence platform Thirdfort. Analysis of more than 415,000 completed Source of Funds (SoF) checks found that 57.7% of transactions contained at least one red flag, with an average of two flags per…
Read More →
Breaking News

Vanishing act of sub-4% fixed rate mortgages

A cut to Bank of England Base Rate (BBR) looks increasingly unlikely, with the upheaval in mortgage re-pricing leading to a vanishing act of sub-4% fixed mortgages, according to Moneyfactscompare.co.uk analysis. Mortgage market analysis The pool of lenders offering a sub-4% fixed rate deal has taken a significant blow. All of the biggest banks, namely…
Read More →
Estate Agent Talk

Government’s Home Buying and Selling Reform

Will the Government’s Home Buying and Selling Reform Consultation Increase or decrease the speed at which the market moves? Kevin Shaw, National Sales Managing Director, LRG The government’s consultation on Home Buying and Selling Reform is a step in the right direction. It recognises what every estate agent and conveyancer already knows: property sales take…
Read More →