Homes with park view can cost more than double, finds HouseSimple
UK house buyers looking for a property in a major town or city with a park view pay an average of a third more for their home, according to a survey by HouseSimple.com. In Sheffield, average house prices for properties near Endcliffe Park were 121% higher at £415,230 ($539,591) against the city average of £187,757. In London, homes situated near the biggest royal parks cost an average of £1.33m, more than £650,000 above the average in the capital of £673,344.

House buyers pay an average premium of 32%, or £78,415, for a property close to or overlooking a park in a major town or city, according to a new report.

Research conducted by online estate agents HouseSimple.com has found that in five of the 30 cities featured in its survey – Sheffield, Liverpool, Cardiff, Glasgow and Middlesbrough – some properties near parks are valued at double the average property price for that area.

The highest premium was in Sheffield, where average house prices for properties near Endcliffe Park were found to be 121% higher (£415,230) than the city average (£187,757).

Elsewhere, average house prices for properties surrounding London’s largest royal parks were £1.33m, more than £650,000 higher than the London average (£673,344).

Alex Gosling, CEO of HouseSimple.com said: “In large urban sprawls 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 among buyers.

“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.



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“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.”