Property News

Where are the most expensive National Parks for property?

Em Morley - June 26, 2017

An interesting new report from Knight Frank has revealed the most expensive National Parks in England and Wales in which to purchase a property.

The data looks at the average sold price for detached homes within the boundaries of National Parks in both England and Wales in the year to January 2017. Results show that the average price paid in the South Downs was just over 674,000 – almost double the £350,000 average price of a property in England and Wales.

Prices

The New Forest- only given National Park status in 2005-was the second most expensive area, with homes here selling for £620,000 on average.

In comparison, the average price paid for a detached property in the county of Hampshire over the same period was just over £444,000.

Figures from the report are shown in the table below:

Average price paid: 12 months to Jan 2017, detached property

National Park Average price

(detached)

County Average price

(detached)

South Downs £674,268 West Sussex £487,926
New Forest £620,883 Hampshire £444,287
Peak District £417,878 Derbyshire £244,222
Lake District £416,970 Cumbria £265,250
Dartmoor £372,980 Devon £326,261
Exmoor £345,277 Somerset £347,048
Yorkshire Dales £344,397 North Yorkshire £290,344
The Broads £319,864 Norfolk £280,652
North York Moors £296,038 North Yorkshire £290,344
Brecon Beacons £281,774 Powys £225,140
Pembrokeshire Coast £261,589 Dyfed £203,055
Northumberland £242,327 Northumberland £263,431
Snowdonia £205,124 Gwynedd £212,096
Where are the most expensive National Parks for property?

Where are the most expensive National Parks for property?


Quality of Life

Oliver Knight, Associate in Knight Frank’s Residential Research team, observed: ‘The high quality of life connected with living in some of the most distinctive landscapes in England and Wales is an obvious attraction for many home buyers, but this often comes with a premium. More restrictive planning regimes in place within National Parks and Areas of Outstanding Natural Beauty means supply can often fall short of demand and this – along with the nature of existing stock, which tend towards older, larger homes with land – has underpinned pricing.’[1]

‘Wider trends we’re experiencing in the housing market are also evident, not least the north-south divide in terms of pricing, with the South Downs and the New Forest topping the pricing charts. The London ripple effect is also evident within popular commuter location such as the Surrey Hills and the Chilterns,’ he continued.[1]

 

[1] http://www.propertyreporter.co.uk/property/where-are-the-top-performing-national-parks-in-terms-of-house-prices.html