Gardens still prove a draw

The British love affair with having a garden is alive and well, according to research from Halifax Estate Agents. Almost eight in ten of us (78%) said we would be prepared to pay a premium for a property with a garden.

The research also revealed that, on average, we'd be prepared to pay a £10,000 premium to secure a property with a garden.

Almost eight out of ten people would be prepared to pay a premium for a property with a garden.

Those aged 35-44 are most prepared to pay a premium.

Londoners and those in Yorkshire & Humberside are least likely to be prepared to pay a premium.

Almost one in 20 of those prepared to pay more for a property with a garden would be prepared to pay in excess of £30,000 more.

Generational divide

The age group most willing to pay more for a garden are those aged 35-44 years-old – here, almost nine out of ten (88%) said they would be prepared to pay more for the outside space. Those aged 16-24 were least likely to pay more, with only two-thirds (66%) saying they are prepared to.

Married couples are much more likely to be willing to pay more for a property with a garden, with 84% indicating they would. This compares to just over a third (67%) for those that are single.

Geographical differences

In both Yorkshire & the Humber and London only seven out of ten people (70%) said they would be willing to pay more for a property with a garden. However, in the North and Wales this figure rises to 87% and 85% respectively.

Garden premium

The study revealed that on average, of those prepared to pay more, they'd be prepared to pay an extra £10,000 for a property with a garden. Just less than one in 10 (8%) is prepared to pay in excess of £20,000 and one in 20 (4%) would be prepared to pay over £30,000.

Colin Kemp, Managing Director, Halifax Estate Agents, comments: "Our research shows that many of us will pay a premium for a property with a garden. Making the most of your homes outside space could add real value and maximise any sale price."