Houses near green space have increased asking prices

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A recent case study found if your property is near some form of green space the likely hood is the price will increase. Living next to green spaces such as parks, allotments, golf courses and playing fields can boost the price of a property by £2,500 on average, statisticians have found.

Living within 100 metres of a public green space can add thousands of pounds to property prices, the Office for National Statistics (ONS) has reported.

Furthermore, as well as living near parks, gardens and playing fields, having views of open greenery - or stretches of water such as rivers, canals, lakes or the sea - from homes can command an even bigger premium. Such views boost house prices by around £4,600 or 1.8% typically. 

Researchers analysed details of more than one million property sales within urban areas in England and Wales between 2009 and 2016 from property website Zoopla to estimate how much homebuyers value nearby green space.

The data showed that properties very near to public green spaces attracted a premium – and the more green space nearby, the higher the premium is.

If you are looking for a new home in Leicestershire, Rutland or Northamptonshire to buy or rent, please don’t hesitate to contact one of our offices in Oakham, Leicester or Market Harborough.

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