Properties near public green spaces boast attractive premium
- 1st November 2019
- Buying Property News
Having a view of a public green space adds £4,600 to the value of houses
New research reveals houses offering a view of green space or water in urban areas, boast an average premium of £4,600.
House prices also increase by an average of £2,500 if within a distance of 100 metres of green space.
This premium could be attributed to the perception that green spaces improve the physical and mental wellbeing of individuals.
Another study also shows green spaces act as a strong attraction to buyers. With 82% of respondents more likely to purchase a property that encompasses some form of green space, such as parks and communal gardens, than one without.
Many areas with a high proportion of green space are loacted within South London, such as The Oval, where ludlowthompson along with their local resident association have instigated a tree planting programme to enhance kerbside appeal. Southwark also tops the London league table for best park service in 2019. Whilst Kennington and Greenwich park offer easily accessible green spaces within the zone.
Stephen Ludlow, Chairman at ludlowthompson, says: “Green spaces in London offer residents a well-needed escape from the busy city.”
“Although valued highly by all buyers, it is likely that green spaces will carry even more importance to those who live in flats and do not have the option of a garden or patio space.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews. Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Kitty U via google reviews:
"Sarah from the Oval office was an absolute pleasure to deal with when moving in to our new property. She has a great attitude and talks to you in a down to earth, kind manner. I really appreciated all her help with our new home."
Chloe C via google reviews:
"Richard from the Oval branch is such a pleasure to deal with. As a first time buyer he’s made me feel completely at ease - very friendly, knowledgeable and approachable. 5 star customer service."
"Green spaces in London offer residents a well-needed escape from the busy city.”
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