Selling your home you would think that an en-suite bedroom, plenty of light or good sized rooms would be one of the best assets to have.
The finding of a major new survey commissioned by The Cumberland, the results of which are launched today, April 13 has found that.
If you want to sell your house the single best asset you can have is a garden.
The study shows that the main driver of sales during the lockdowns of 2020 was a big garden.
Another point revealed is the property hotspots on that basis both nationally and in Cumbria.
It looked at more than a million private property transactions and found that places with the biggest gardens were the most likely to see a boost to both the number of house sales, and prices paid.
The analysis, the first of its kind, combined two key data sources from the Land Registry on prices paid and the Office for National Statistics on the average private garden sizes.
Of the 720 neighbourhoods with the biggest gardens, more than three-quarters saw average property prices rise in 2020 compared to 2019.
It wasn’t just that prices rose fastest in neighbourhoods with bigger gardens, there were proportionately more sales, too.
Will Park, The Cumberland’s Cluster Manager for Carlisle, said this research confirmed what they had been seeing at branch level in terms of property sales, there is a demand for houses with gardens
“A garden has always been a desirable asset for any homeowner,” he added, “and the advantages of having your own private, outside space were never more clear than during the lockdowns of the last two years.
“We would encourage people to bring their gardens up to the best standard possible, particularly if they are looking to sell their house, and The Cumberland can help with that.
“If you’re looking to improve your garden or other parts of your home, you can come to us for additional borrowing on your mortgage, or re-mortgage if you’re with another provider.”
Nationally, the three property hotspots according to the survey’s criteria were in Pembrokeshire, Norfolk and Nottinghamshire.
Here in Cumbria the two areas with the biggest average garden size, Hawkshead and Cartmel Fell and Bolton, Warnell and Solway Coast as both saw sales and prices rise.
The survey also highlighted four other such hotspots around the county that experienced the same property boost.
- Langwathby, Kirkoswald & Alston Moor in Eden;
- Wetheral, Corby & Geltsdale in Carlisle;
- Coniston, Broughton & Kirkby in South Lakeland;
- Kirkby Stephen, Tebay & Brough in Eden.
Michael McGrath, who lives in one of those hotspots, Wetheral, said he was not surprised to hear that people were attaching more value to having a large garden.
“Our garden is very private, it’s beautiful and it’s just really nice to be outside. Certainly in the last couple of years, with Covid, we were just so grateful to have access to something so calming and relaxing.
“Sanctuary is a good word to describe it, it’s just that. I would not take a place that did not have a garden, the benefits to your health and wellbeing of having access to these open spaces.”
It was one of the big attractions when they bought their house 26 years ago and they’ve enjoyed the benefits of it ever since, particularly during the recent periods of lockdown.