Green-thumbed Brits eager to get their hands on some outdoor space are willing to pay a premium of as much as £31,768 (US$42,146) for a garden in some parts of the U.K., according to a report from property website Zoopla.
Surprisingly, it’s not London that commands the highest prices. Instead, it’s residents of South East England, home to places like Oxford and Brighton, that can expect to fork over almost £32,000 for a garden.
London ranks a close second, with buyers willing to pay an average of £31,447 (US$41,729) for outdoor space, followed by North East England in third place, averaging £30,942 (US$41,059), Wednesday’s report said.
Buyers in Wales, prepared to part with an average of £22,036 (US$29,241) for a garden, are least willing to pay more for outdoor space. Next is Scotland, where buyers will spend an additional £22,208 (US$29,469).
Across the whole of the U.K., the average garden premium is £27,109 (US$35,973). Meanwhile, renters will willingly spend nearly £243 (US$322) extra per month on a property with an outdoor space.
Zoopla found that 86% of Brits believe that outdoor space is one of the most important factors when it comes to selecting a property, with 56% saying they’re willing to sacrifice internal space in favor of outdoor space, the report said.
Meanwhile 80% of Brits have disregarded properties that don’t have outdoor space.
“It’s clear that Brits prioritize outdoor space when it comes to finding their ideal home,” said Zoopla spokesman Lawrence Hall, in the report. “Sellers and landlords should maximize this and make sure it’s properly maintained as it’s certainly an important selling point for buyers and renters.”
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