Buyers pay more for park views
Homes offering residents a view of a park are attracting a premium
in many cities across the UK.
Research by HouseSimple found buyers are willing to pay a third
more to live in a property with a view of a local green space. The
average extra payout across the country was £78,4000.
In cities such as Liverpool, Cardiff, Glasgow, Sheffield and
Middlesbrough the amount achieved for park views were even higher.
For example, the average house prices near Endcliffe Park in
Sheffield was 121 per cent higher that the average home on the
However, there are some areas in the country that parks do not seem
to push up prices. Around Bristol's Eastville Park, prices were 32
per cent lower than the average price in the areas of
"In large urban areas where many properties don’t have a
garden or access to a communal garden, living near public parks or
green spaces is often one of the top wishes amongst buyers," said
Alex Gosling, chief executive officer of HouseSimple.
"That high demand inevitably impacts on the price people will pay,
but many buyers may not realise just how much of a premium they
could be paying. That doesn’t mean there aren’t good
value properties around some of the UK’s urban green spaces,
but for real value it’s probably worth looking at roads that
are a short walk away," he added.