£66,000 average house price premium ‘to buy home in National Park’

Properties located wrong Britain’s National Parks bid a 25% (£66,000) premium connected mean compared with akin homes elsewhere, according to analysis.

Nationwide Building Society, which made the calculations, said determination is besides a “fringe benefit” for properties located adjacent to National Parks.

Homes wrong 5km of a National Park bid a 7% (£18,700) mean premium compared with those extracurricular of this range, the nine said.

It made the calculations based connected the mean UK location terms of £266,640.

Andrew Harvey, Nationwide’s elder economist, said: “National Parks proceed to beryllium highly desirable areas to unrecorded successful acknowledgment to the beauteous countryside.

“Those surviving successful specified areas are ideally placed to marque the astir of the large outdoors and instrumentality vantage of a scope of activities and amenities.

“Development is besides controlled with constricted caller lodging construction, which besides helps to explicate wherefore location prices thin to beryllium comparatively high.

“Our investigation suggests that a spot located wrong a National Park attracts a 25% premium implicit a akin spot elsewhere.”

Mr Harvey added: “We’ve besides looked astatine Areas of Outstanding Natural Beauty, besides known arsenic National Landscapes, successful England and Wales, which see places specified arsenic the Cotswolds, Chilterns and Surrey Hills.

“Our probe recovered that properties successful these areas pull a 15% (£40,000) terms premium (over an different identical property).

“These areas see immoderate highly desirable locations and the premium is apt to bespeak the continued attractiveness of agrarian areas and the associated lifestyle.”

Here are mean location prices successful a enactment of National Parks, according to Nationwide Building Society (the breakdown focused connected the nationalist parks with the largest nonmigratory populations oregon those with much lodging transactions):

Yorkshire Dales, £353,000

Bannau Brycheiniog/Brecon Beacons, £274,000

Eryri/Snowdonia, £173,000

Here are mean location prices successful immoderate Areas of Outstanding Natural Beauty, according to Nationwide:

North Wessex Downs, £415,000