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?
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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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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
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
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.”
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
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.
We reveal what other key features can boost the value of a home in another piece.
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