Pubs, parks or private schools: which local amenities matter?
by Housesimple on 2nd February 2018
There's more to the perfect property than square meterage. A recent study by Santander found that Brits are happy to sacrifice space for location – so what is it that we value when we're looking for a home?
We've all heard about the Aldi effect, which pushes property prices up. It turns out that any supermarket will do. Whether it's Waitrose or Asda, nearly half of British home buyers say that they need a major retailer nearby to consider a move.
Although online correspondence has well and truly taken the place of snail mail, more than a quarter of people would like to have a local Post Office within a 15-minute walk. As the company continues to close branches, they're becoming a hot commodity (as are brick-and-mortar banks) for the over 55s.
Train or underground station
People want to minimise the amount of time they spend travelling to and from work – the Santander survey found they'd be willing to pay £6,297 more on average. If a quick drive to the office isn't possible, a quarter of people look for good public transport links instead.
Bars and restaurants
Having a local drinking den within walking distance is a priority for around a quarter of home buyers. In fact, pubs are more important than banks, schools and places of worship. Somewhat stereotypically, a good local is more important to men than women.
Parks and fitness facilities
Being near a green space is important to buyers, with 17% saying that they would want to live close to a park if they couldn't find a property with its own outdoor space. Sports facilities such as gyms and leisure centres are also growing in popularity – 5% of buyers claimed it was important in 2015-16 – a 2% rise from the year before.
Different age groups have different priorities – older buyers aren't as interested in good schools as couples in their mid-thirties, while millennials tend to value entertainment and transport links higher than supermarkets and banks. It's important to remember that even if your property doesn't have all of the above amenities, it's still likely to be attractive to the right buyers.
How much is your house worth?
Get a FREE no obligation valuation visit from our Local Property Expert
Sign up to our newsletter
Want to hear about breaking news, industry updates and useful tips? Enter your email below