Where are the greenest and most affordable English regions?

Demand for open space and greener surroundings is nothing new in the property market. However, fuelled by three national lockdowns due to the pandemic, the desire to escape to the country has never been stronger.

Related topics:  Property
Property Reporter
19th March 2021
Counrtyside 101

On average, towns and cities in England have access to parks, public gardens and playing fields totalling 346,330m² - the equivalent of almost 65 football pitches.

New research, conducted by sliding door wardrobe company, Spaceslide, looked at the places that offer more green space than this, and the impact it has on property prices.

The South West came out top. Property prices in areas offering above-average green space are £45,696 below the region’s average of £282,388. Second is Yorkshire & The Humber. Here, areas with above-average green space boast property prices that are typically £20,545 under the regional average of £182,907.

In third place, homebuyers in the North West can enjoy maximum green space for £16,393 less than the regional average of £183,727.

Londoners can expect the worst value for money. To be close to green areas in the capital, homes typically cost £29,000 more than the region’s average house price of £496,066. The other two regions that offer the worst overall value for money are the East of England and the South East.

Homes near the biggest green spaces in the East of England may cost you £32,540 more than the regional average (£310,912) and in the South East, you can expect to pay £29,035 over the regional average of £341,007.

When comparing the top regional locations, Cannock Chase in the West Midlands offers the best overall value for money. The district promises 1,624,117m² of green space, the same as 304 football pitches, yet homes are typically £31,005 under the regional average asking price of £216,950.

While lockdown is hopefully coming to an end, the last year has led homebuyers to reassess how valuable it is to have nature nearby.

Colin Lewis, CEO at Avant Homes, comments: “Spending so much time at home during lockdown has led many people to see the flaws in their own property, triggering a surge in people looking to move.

"This shift in homebuyer priorities has increased the value of homes that have access to outdoor spaces, from private gardens to public parks, as the desire to move away from built-up locations to greener areas grows."

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.