According to the latest research by Savills, having a large garden can increase the value of your home by almost 40% – even it’s the same size as the average property. In contrast, buyers pay a fifth less for the average home in their local area with the smallest gardens.
While UK buyers have always loved the freedom granted by a generous outdoor space, it seems that the pandemic has had a long-term impact on how we prioritise our wish list when we’re looking for our dream home, with green space associated with better mental health and a more desirable lifestyle.
Therefore, it’s unsurprising that buyers are willing to fork out more money for an extensive garden in urban areas, where they aren’t as prevalent, although rural homes also attract a higher price tag (8.3%) if they tick the same box.
The potential value increase partly depends on region, too, so the only way to know if your garden can secure a premium price is with an in-person valuation. Call us on 01452 612020 to book yours.