Property buyers pay extra for a room with a view

Property buyers pay extra for a room with a view

Buyers in the UK are happy to invest an additional 30% to secure a property with a nice view in a major town or city, adding about £78,400 to the price tag, a research as now revealed.

Having the option to look upon some beautiful green space from your home is a rare possibility in a lot of cities across the UK. A new research by HouseSimple has now found out that in those places where green spaces are particularly rare, such as Sheffield, Cardiff, Glasgow, Liverpool and Middlesbrough a beautiful view can cost a buyer almost double the price.

Add an extra bathroom to your property and gain £12,000 in value

Owning a property with a view of Endcliffe Park, one of Sheffield’s most popular green spaces, sets its buyer back a lot more than owning any other property in Sheffield, the report revealed. House prices near the park are a significant 121% higher than the average of the city.

Sefton Park in Liverpool has a similar effect on property prices, as the average house price is 112% higher than the rest of the city. If you’d like to be able to see Heath Park in Cardiff from your home you’d have to spend an additional 111% to secure a property, whilst a home near Glasgow’s Kelvingrove Park will set you back an extra 104% of the local price tag.

Kitchens and bathrooms are most popular home improvements

Being close to communal green space is often something buyers – and renters – put on their wish list, as private outdoor space is a rare occurrence in big cities and urban centres. As a result, properties close to parks and other communal outdoor space have become very sought-after, which led to a rather dramatic increase in their price tag.

Alex Gosling is the chief executive officer at House Simple and commented the findings:

“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.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT