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How a ‘great view’ from your home can boost its value by 35%
A house that comes with a picturesque backdrop could add tens of thousands of pounds to its asking price – but how does each region compare?
Nothing quite beats taking in a breathtaking view – and having one from your home could boost its value by tens of thousands of pounds.
Simply owning a property with a view of the sea, rolling countryside or a cityscape can bump up its asking price by 28%, according to new research from estate agents Yopa.
Yopa analysed properties currently on sale in England surrounded by attractive scenery and compared their asking prices against similar homes (based on size and number of bedrooms) in the same postcodes without good views – and found vast differences.
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Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
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Across England, homes offering desirable views commanded prices 28.1% higher (£712,192) than like-for-like properties (£556,531) in the same areas without good views.
Homes with a view in the East Midlands come at a premium, according to Yopa's analysis
(Image credit: John Finney Photography via Getty Images)
Asking price gap biggest in the North East
The gap in price between homes with a view and those without was biggest in the North East of England, according to Yopa’s research.
The average price of these types of properties in the region is £501,822, compared to £372,744 for those without views – a 34.6% jump.
In the East Midlands, homes with attractive backdrops command asking prices of £601,737 on average, versus £451,686 for comparable properties without picturesque views – a 33.2% difference.
In the North West, homes with a view come with a mean asking price of £554,595 versus £420,649 for those without – a difference of 31.8%.
Even in crowded London, where you’d think homes with a view are few and far between, you can still get tens of thousands of pounds more for a property with a decent panoramic than one without.
Homes with a view in London can command higher asking prices
(Image credit: JohnnyGreig via Getty Images)
A property in the capital with a great view has an average asking price of £1,087,148 while one without is likely to go for £912,726, a 19.1% gulf.
Verona Frankish, chief executive officer of Yopa, said: “Whether it’s coastline, skyline, or countryside, buyers are clearly willing to pay a substantial premium for a home that offers something special beyond its four walls.
“What’s particularly notable is that the strongest premiums are found outside of the nation’s most expensive housing markets. In many northern regions, where overall house prices tend to be lower than in the south, the relative value of a great view becomes even more pronounced.”
Swipe to scroll horizontally
How homes with a great view boost asking prices by up to 35%
Location
Great views - average price
Average wider price
Difference (%)
Difference (£)
North East
£501,822
£372,744
34.60%
£129,078
East Midlands
£601,737
£451,686
33.20%
£150,051
North West
£554,595
£420,649
31.80%
£133,946
Yorkshire and the Humber
£530,072
£402,577
31.70%
£127,494
South West
£649,361
£493,884
31.50%
£155,477
West Midlands region
£601,687
£460,618
30.60%
£141,070
East of England
£713,702
£546,733
30.50%
£166,969
South East
£770,733
£605,008
27.40%
£165,725
London
£1,087,148
£912,726
19.10%
£174,422
England
£712,792
£556,531
28.10%
£156,261
Credit: House price data sourced from PropertyData by Yopa
Which regions have the most homes with a view?
The English regions with the highest proportion of homes with great views are the South West and South East, respectively, according to Yopa’s analysis.
Almost 34% of all homes across England with great views are based just in the South West while more than 25% found in the South East.
Around 11% are in London while 5.7% are in the East of England.
Homes in coastal areas like Southwold, Suffolk, can command higher prices
(Image credit: CBCK-Christine via Getty Images)
The region with the lowest proportion of homes with great views is the North East. Just 1.9% of all homes in England commanding stunning views are found there.
Meanwhile, just 3.8% and 4.9% of all homes with stunning views are in the East Midlands and West Midlands, respectively.
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