Friday, September 25, 2020
UK

South-facing gardens could boost property value by £22,695

property uk

According to research by Rightmove, the national average asking price of homes with a south-facing garden is £369,365, compared to £346,670 without

South-facing gardens could help to boost the value of a property by a whopping £22,695, research by Rightmove reveals.

The property website analysed around 400,000 three and four bedroom listings across the UK and found that the national average asking price of homes with a sunny south-facing garden is £369,365, compared to £346,670 without.

Homes in Yorkshire and The Humber had the biggest asking price premium at 14 per cent, while the North West and London have a premium of 12 and 9 per cent respectively.

Elsewhere, they discovered that properties with south-facing gardens sell more quickly than those without in almost all regions. Homes in Yorkshire and The Humber found a buyer eight days faster than any other area, due to their garden positioning.

Miles Shipside, Rightmove’s property expert, said: Since the market reopened we’ve seen a huge rise in demand for homes with a garden as buyers place greater importance on outdoor space. For as long as I can remember, south-facing gardens have been viewed as the crème de la crème of outdoor spaces among home-hunters.

He said, longer sunny days means you and your plants benefit from the additional warmth. It doesn’t mean your house will automatically be worth £22,000 more if it has a south-facing garden as this is an average and it will also depend on the size, condition, and location of your home, but it’s certainly something to shout about in a listing as it could mean your home makes it on to a buyer’s shortlist over another property down the road, or even on the other side of the street.

David Phillip, partner of David Phillip Estate Agents in Yorkshire, added: Without a doubt, we’ve seen huge demand for homes with a south-facing garden. You’d be amazed at how many people turn up to a viewing and use the compass on their phone to work out where the sun is coming from, it’s a really important requirement in these parts.

He said, these types of properties are selling quickly, especially since the market reopened in May. Lots of homes in Yorkshire are in rural areas, and so the trade off from not living in an urbanised area is that you want a lovely outdoor space, and what’s more lovely than a garden that gets lots of sunshine? South-facing gardens have almost become a necessity.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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