Halifax

How much do 'garden towns' add to the value of surrounding homes?



Residential properties near England’s finest gardens can come with a premium of £58,554 compared with the average local property price, according to research by Halifax.

The average house price of homes surrounding 50 of the country’s best gardens is £321,953 or 22% higher than the county average of £263,399.

Properties near Chelsea’s Physic Garden had the highest premium at 171% (cash equivalent £1,188,199), followed by Brockhole Garden in Windermere (106% or £188,830) and

Chatsworth House Gardens, near Bakewell (94% or £174,649).

The average house price in the top 50 ‘garden towns’ has risen from £240,891 in 2007 to £321,953 in 2017, up 34%.

Martin Ellis, housing economist at Halifax, said: “Budding horticulturalists hoping to live near one of the country’s most beautiful gardens open to the public will have to pay a premium for the privilege, as towns able to provide wide open ‘green’ spaces are highly desirable places to live.”

Eight of the top 10 garden towns with the highest average house price growth since 2007 are in Greater London and the South East.


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