National Park properties still command a price premium

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Landlord Insurance News

Many home owners in the UK are still searching for a property in an idyllic green setting, according to new research.

The average sale price for a detached house within a National Park or Area of Outstanding Natural Beauty (AONBs) is £450,000, analysis from Savills has revealed.

On the other hand, the value of a property in the same county but not in the park or AONB is an average of £347,000.

That means buyers are faced with a 29.7% premium when seeking the perfect property in these locations.

The UK has 15 National Parks and 45 smaller AONBs which often appeal to many people.

The most expensive areas were found to be in the south with Surrey Hills the most expensive green location in the prime market, while Snowdonia National Park in Wales is the cheapest.

The average price in Surrey Hills in 2015 was £963,000, 82.4% higher than the rest of the county and up 9% compared to five years ago.

Another prime area is the South Downs with an average 2015 sale price of £721,000, 57.6% above the rest of the county and up 20.1% over five years.

This is followed by the Cotswolds with an average price of £558,000 which is 47% more than the rest of the area and up 9.8% over five years.

Emerging prime areas include Cranborne Chase and West Wiltshire Downs with an average sale price of £507,000 in 2015.

The research from Savills excluded coastal locations.

“Although we believe the trend for urban living will continue for at least the medium term, villages and rural countryside now represent good value in comparison to larger towns, and an overall good buy opportunity,” the report concludes.

Landlords – whether your property is in an AONB or in an urban area, protect your investment today with great value landlord insurance! Call 0800 294 4522 today!

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