Impact of gardens on property demand and values

While London might have the lowest garden property demand in the country, the price premium for such homes is the highest. On average, a garden can increase a home’s value by an impressive 13%.

CURRENT STATE OF GARDEN PROPERTIES

The study revealed that out of the 569,208 garden homes listed for sale, 263,036 have been marked as sold subject to contract[1]. This puts the nationwide demand for garden properties at 46%. Scotland leads the pack with the highest garden demand, with 61% of its 26,050 available properties already taken.

The North East, South West and North West regions also show high interest in garden properties, with a demand level of 48%. Meanwhile, in the South East, Yorkshire & Humber and the West Midlands, demand is slightly lower at 46%. Even in London, where gardens may not be a top priorities for many buyers, 42% of garden homes have already found buyers.

PREMIUM PRICE OF GARDEN HOMES

While London might have the lowest garden property demand in the country, the price premium for such homes is the highest. On average, a garden can increase a home’s value by an impressive 13%. The current average house price of £285,009 translates to a garden premium of £36,766 across the UK.

In London, where the average house price is a staggering £523,325, adding a garden can boost the seller’s profit by an estimated £67,509. Gardens attract more buyers and add a 13% premium to the house price, which could help sellers offset some of the negative price growth experienced since last year.

Don’t forget, our professional friendly advisors are on hand to support you and can help you explore all of your options.

Source: