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

Breaking Property News 9/4/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why Rightmove is making all the wrong moves   In a world reshaped by AI, incumbency is no longer protection. It is exposure. Thought Leadership By Andrew Stanton, CEO Proptech-PR Rightmove has long been the unassailable giant of UK property portals—a category-defining platform that, for years, operated…
Read More →
Breaking News

Six property firms expelled from redress scheme

Six property businesses have been expelled from The Property Ombudsman after failing to pay compensation awards. The expulsions followed a review by the scheme’s independent Compliance Committee, which agreed that each firm should be removed for breaching their membership obligations by not complying with Ombudsman decisions. The Property Ombudsman, which provides impartial dispute resolution for…
Read More →
Home and Living

Best garden renovations to increase property value this spring

With spring fast approaching and warmer weather finally in sight, now is the perfect time to step outside and give your garden the well-deserved TLC and refresh it needs after such a wet and dreary start to the year. Whether it’s refreshing planting beds, updating patio areas or rethinking your layout, investing time into your…
Read More →
Breaking News

Prime London property market stays firm

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that, despite broad economic uncertainty, buyer demand across London’s most prestigious neighbourhoods avoided a decline during the first quarter of 2026, with the likes of Chelsea, Battersea, Highgate, and Belgravia seeing quarterly demand increases of above 5%. The Prime…
Read More →
Breaking News

More first-time buyers enter the market in 2026

The latest research by Yopa has revealed that first-time buyer demand has strengthened during the first quarter of 2026, despite the supply of homes offering the benefit of a buying scheme remaining limited. Yopa analysed first-time buyer demand based on the proportion of homes listed under buying schemes* that have already sold subject to contract…
Read More →
Breaking News

Fall-throughs hit housing market for £1bn annually

The latest Fall-Through Index by the House Buyer Bureau has revealed that the number of fall-throughs in the UK fell by -25% in the final quarter of 2025, but the estimated total cost incurred still stood at £218.3m in those three months alone, pushing the total cost for the year to over £1bn. House Buyer…
Read More →