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

The First-Time Buyer Reality Shock

The First-Time Buyer Confidence Gap: 90% Feel Prepared, 71% Get an Unpleasant Surprise The First-Time Buyer Anxiety Index unveils a major ‘confidence gap’ which leaves first-time buyers unprepared for the realities of getting on the property ladder. Nine in 10 first-time buyers believe they are prepared and understand the home buying process before they begin…
Read More →
Breaking News

£50k hit when climbing the property ladder

The average homeowner in England faces an estimated £15,513 in associated costs when upsizing their home, according to the latest research by Yopa. However, in London this figure climbs as high as £47,704. The full-service estate agency analysed the estimated cost of upsizing across England, based on selling an average flat or terraced home and…
Read More →
Estate Agent Talk

Conveyancing causes more stress than property chains

The latest research by Lyons Bowe has found that 42% of recent homebuyers say conveyancing is the biggest barrier to a smooth property transaction, compared with just 19% who point to property chains. The survey of 1,000 recent homebuyers* examined which aspects of the transaction process had presented the biggest barriers to a smooth journey,…
Read More →
Rightmove logo
Breaking News

Britain’s most competitive summer rental hotspots

New analysis from the UK’s largest property platform Rightmove has revealed the areas where renters faced the strongest competition this summer, with several North West towns emerging as the toughest places to secure a home Wallasey and Birkenhead in Merseyside were Britain’s joint most competitive rental market during July and August, with an average of…
Read More →
AI in estate agency letting agency property
Letting Agent Talk

The 5 tasks lettings agents won’t trust to AI

AI must make lettings more human, not less, and that requires real rental intelligence. The latest research from Propoly has found that letting industry professionals see a clear role for AI in property management, but are reluctant to let it operate without human oversight, particularly when decisions involve people, complex circumstances or potentially significant consequences. Propoly…
Read More →
Breaking News

Foxtons Lettings Market Index – August 2026

The busiest weeks arrived earlier than usual, with activity spread more evenly across the summer due to implementation of the RRA • Renter registrations eased 3.0% in August. Along with July, it was still the peak of 2026, finishing off the summer rush just below July’s levels. • Competition for available property rose 22.4% in…
Read More →