Lockdown increases demand for gardens
● Searches for homes with outdoor space have doubled
Searches for homes with gardens have doubled since last year as prospective house buyers place more importance on outdoor space following lockdown, property experts have said.
Homes with south-facing gardens were most in demand - selling more quickly in almost all regions of Scotland, England and Wales, a survey by property website Rightmove found.
The study revealed that homes advertised with southfacing outdoor areas sold two days faster and were priced at nearly £23,000 more than those without. Property experts at Rightmove said data showed that searches on the website for homes with a garden had increased by more than 100 per cent in June compared to June 2019 - with total buyer searches up 56 per cent for the same period.
And a survey conducted by the company in May found that having a bigger garden, or at least access to one, was the top requirement for house buyers that had changed as a result of lockdown.
Miles Shipside, of Rightmove, said: “Since the market reopened, we’ve seen a huge rise in demand for homes with a garden as buyers place greater importance on outdoor space.”
Rightmove’s study looked at nearly400,000listingsofthree and four-bedroom homes between July 2019 and June 2020 and found that homes with south-facing gardens had a national average asking price of £369,365, compared to £346,670 for those without - an asking-price premium of 7 per cent.
And in eight out of 11 regions, properties with south-facing outdoor areas sold more quickly than those without - with only the South East, London and the North West showing no difference in selling times.
The appeal of a south-facing garden was greatest in Yorkshire and the Humber, where homes with this asset sold eight days faster than those without and commanded an asking-price premium of 14 per cent - at an average of £288,681 compared to £253,053.
David Phillip, partner of David Phillip Estate Agents in north Leeds, said: “Without a doubt, we’ve seen huge demand for homes with a south-facing garden. You’d be amazed at how many people turn up to a viewing and use the compass on their phone to work out where the sun is coming from, it’s a really important requirement in these parts. These properties are selling quickly, especially since the market reopened in May.”