4 MIN READ | Lifestyle

Having a Garden Could Boost Your Property Value by 5%

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, (2021, June 8). Having a Garden Could Boost Your Property Value by 5%. Psychreg on Lifestyle. https://www.psychreg.org/gardens-boost-property-value/
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Over the last year, the COVID-19 pandemic has meant spending more time at home than ever before. Gardens have become a precious space to spend time in and have become more essential than ever.  

A study by the AA has found that having garden space on your property can lift its value by 5%.  

The study looked at homes with and without gardens in 30 towns and cities across the nation to see where gardens are valued the most. 

The study found the average house price for places with up to three bedrooms, and how much people were charging on average for homes with gardens – to see how much of a difference there was between the two.

  • Overall, the average home was valued at £209,525. But the price of homes of the same size that had gardens hit an average of £220,555 – just over £11,000 more.
  • The top locations for a price bump include: Walsall, where a house is worth 16% more if it had a garden, Sunderland, where it’s 15% more and Liverpool, at 11% more.
  • While those are the best places for garden value compared to the house itself, Brighton is where a garden’s worth the most cash. Compared to an average house price of £379,259, a home with a garden is worth £27,297 more – a 7% increase.

In the capital, however, it appears that properties are actually cheaper with a garden. This is potentially due to the rise in new-build flats and penthouses pushing the average price of all properties beyond those with gardens.

The top 10 cities where having a garden adds the most value to property prices 

Rank

Location

Average Property Price 

Average House Price with a Garden 

Garden Price Increase 

Percentage Garden Price Increase 

1

Walsall

£155,059.24

£180,614.96

£25,555.72

16%

2

Sunderland

£121,119.73

£138,979.72

£17,859.99

15%

3

Liverpool

£158,772.81

£176,427.64

£17,654.84

11%

4

Leeds

£205,103.01

£223,762.44

£18,659.43

9%

5

Leicester

£208,036.93

£226,915.52

£18,878.59

9%

6

Derby

£177,848.87

£193,864.16

£16,015.29

9%

7

Milton Keynes

£253,357.18

£276,137.79

£22,780.61

9%

8

Bradford

£128,186.02

£139,270.00

£11,083.98

9%

9

Stoke-on-Trent

£145,566.36

£158,080.31

£12,513.95

9%

10

Belfast

£137,601.70

£149,355.74

£11,754.03

9%

Walsall claimed first place as the location where gardens added the most to property value with the addition of a garden adding £25,555.72 to property prices. Sunderland and Liverpool followed with gardens adding around £17,000 to property value. 

The top 10 cities where having a garden adds the least value to property prices 

Rank 

Location 

Average Property Price

Average House Price with a Garden 

Garden Price Increase 

Percentage Garden Price Increase 

1

London

£730,940.57

£702,379.81

–£28,560.76

–4%

2

Glasgow

£157,816.02

£159,984.42

£2,168.40

1%

3

Wolverhampton

£175,359.23

£179,877.78

£4,518.55

3%

4

Bristol

£295,125.12

£303,546.65

£8,421.53

3%

5

Birmingham

£221,221.16

£227,600.63

£6,379.47

3%

6

Edinburgh

£286,761.71

£296,361.32

£9,599.60

3%

7

Doncaster

£153,556.00

£159,030.57

£5,474.56

4%

8

Dudley

£181,284.56

£189,671.67

£8,387.11

5%

9

Newcastle upon Tyne

£155,092.26

£162,581.01

£7,488.75

5%

10

Nottingham

£200,404.34

£210,209.32

£9,804.99

5%

London ranked as the area where garden space added the least value to property prices with the addition of a garden reducing prices by –£28,560.76. Glasgow placed second with gardens adding 1% to property value, Wolverhampton and Bristol were also close behind with gardens only adding 3% to property value.

60% of people spent more on their gardens during the summer of 2020 than in 2019

Gardens might be worth a bit extra on the price tag for the home, but what’s important is why – and what people use theirs for. In a survey** of over 1000 Brits, it has been found that: 

  • 60% of people had spent more on their gardens during the summer of 2020 than in 2019 – with over 40% spending over £100 more. 
  • Welsh residents, in particular, spent more last year, with 1 in 5 saying they spent over £500 more in 2020 compared with the previous year.
  • 1 in 5 thought that their garden would add between £10,000 and £40,000 to their property worth with those in the South East going even further, with 15% saying they think the price increase would be between £20,000 and £40,000.

While the study shows that properties aren’t increased nearly as much in many cities, 57% of Brits stated that they would look for a house or property that had a garden after living in a house without one.

Jack Cousins from the AA stated on the findings: ‘2020 was a tumultuous time for new and existing homeowners, so it is notable to see that gardens and green space are so highly regarded in terms of both the study and the survey. As a nation we are fairly apt with DIY and home improvement, so it will be interesting to see whether this trend will continue in 2021.’

With coronavirus and lockdowns playing a big role in giving Brits more time to spend in their gardens, it’s unclear how the future might change our opinions on our green spaces. 

But with spending on improving gardens increasing in 2020 and garden spaces clearly adding to the value of homes, it seems likely green space is set to hold or increase its value in 2021.

Lee Chambers, an environmental psychologist and well-being consultant, adds: ‘As human beings, we evolved in natural environments, and as a species, we have thrived. This affinity that we have for outdoor spaces plays a role in how nature boosts our well-being. Studies have shown that time in nature helps us regulate our emotions and maintain a state of increased positivity. Being exposed to nature has been identified as a way to improve mood and increase optimism and motivation for those with mild depression. Nature connection can lower our stress levels, according to studies that show being in nature reduces our cortisol levels.’


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