Homes with gardens carry an average asking price premium of more than £75,000 compared with properties without outdoor space, according to new research.
Analysis by housebuilder Tilia Homes found properties marketed with a garden averaged £75,598 more across 82 of the UK’s largest cities and towns – a difference of 27.8%.
The research, based on Zoopla listings, found considerable variation between locations, with the gap between homes with and without gardens reaching six figures in some markets.
However, differences in property type and location mean the figures do not necessarily represent the value added to an individual property simply by having a garden.
SIX-FIGURE DIFFERENCES
Aberdeen recorded the largest percentage difference among cities, with homes with gardens averaging £254,277 compared with £143,186 for those without – a gap of £111,090 or 77.6%.
Sunderland followed with a 65.9% difference, equivalent to £96,587, while Liverpool recorded a £131,736 gap, or 65.6%.
Among towns, Stevenage produced the biggest difference in the research. Properties with gardens averaged £523,968 against £291,216 without, a £232,752 or 79.9% gap.
Bournemouth recorded a £168,059 difference and Worthing £158,460.
Heike O’Leary, Chief Sales and Marketing Officer at Tilia Homes, says: “Buyers are no longer treating a garden as a nice extra. In many parts of the country it has become one of the biggest single factors in what a property is worth, and our figures show that gap can run into six figures.”
LOCATION MATTERS
The relationship was much weaker elsewhere.
In Doncaster, homes with gardens actually had an average asking price £815 lower than properties without, representing a difference of just 0.3%.
London also recorded a comparatively small gap. Homes with gardens averaged £881,962 compared with £853,452 without – a difference of £28,510 or 3.3%.
Cheltenham had the smallest difference among towns at £17,690, followed by Nuneaton at £13,987 and Huddersfield at £13,606.
O’Leary adds: “Our advice to anyone house hunting is to look closely at how gardens are priced in their specific area rather than assuming a national average applies.
“The difference between markets in this research was so wide that a garden could add tens of thousands of pounds in one city and almost nothing in another.”
