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

Speed, certainty, and strong results: why property auctions are set to thrive in 2026

Following a robust year for the property auction sector in 2025, leading members of NAVA Propertymark’s Advisory Panel Board have shared their standout moments from the year and an optimistic outlook for the auctioning market as it heads into 2026. Despite economic pressures, regulatory change, and fluctuating sentiment in the wider property market, auctions continued…
Read More →
Breaking News

2026 Predictions for the Mortgage Sector

Tom Davies, Group Financial Services Managing Director, Mortgage Scout, part of LRG “By the time we move into 2026, the mortgage market will have absorbed an extraordinary amount of economic pressure in the last 5 years. We have come through a pandemic, sharp interest rate rises, fiscal uncertainty and wider global shocks, yet house prices…
Read More →
how to present your property for sale
Estate Agent Talk

UK’s most affordable cities

Where does your area rank? takepayments releases interactive map of the UK’s most affordable cities  Middlesbrough takes the top spot as the most affordable city, scoring 6.51/10 Brighton is the least affordable city outside London, scoring 3.5/10 Brighton has the highest property prices outside London (£420,181 on average), while Aberdeen has the lowest (£134,368)  …
Read More →
new build homes colchester essex
Breaking News

New-build demand falls in Q4, but pockets of the market remain sturdy

The latest market analysis from Property Inspect has found that demand for new-build homes remained subdued in Q4, with fewer than one in five new properties securing a buyer, as market conditions softened further on both a quarterly and annual basis. Property Inspect analysed current market listings to assess what proportion of new-build homes are…
Read More →
Breaking News

Money and Credit – November 2025

Key points: Net borrowing of mortgage debt by individuals increased to £4.5 billion in November, following a decrease of £1.0 billion to £4.2 billion in October. In November, net mortgage approvals for house purchase fell by 500 to 64,500. By contrast, approvals for remortgaging rose by 3,200 to 36,600 in November. Net borrowing of consumer…
Read More →
to let sign 2025
Breaking News

Seasonal slowdown sees rental demand soften in Q4

The latest research from Dwelly has revealed that just a handful of areas saw tenant demand for rental homes climb during Q4, as the wider market succumbed to its usual seasonal slowdown ahead of the Christmas break. Dwelly analysed rental market stock across England, looking at the proportion of rental properties listed on the market…
Read More →