Green space attracts premium price

4th September 2015

The average cost of a home close to a London park or common is three times the typical price of a property elsewhere in the capital. A four-bedroom house with a view of the park in central London will cost 26.9% (£1,138,200) more than its street-locked equivalent, according to new research by Savills. Sophie Chick, a researcher at Savills, says: "The highest premium is in the north because so many people buy family homes there. In the south-west there are a lot of commons and more potential for price growth."

The Daily Telegraph