Call for your free quote 0800 955 0058

Home hunters are paying premiums for gardens when buying

Gardens are considered so important homeowners will spend money to improve their outdoor space to increase property value.

The latest research from Zoopla reveals home hunters are prepared to pay a premium of £14,448 for a house with a garden when buying a new home.

Gardens are as important to home movers and first time buyers as a top-end kitchen or bathroom and 74% of homeowners are willing to spend money to improve their outdoor space and increase property value.

Sarah Morgan chair of the Society of Garden Designers said, we know from our members that having a garden designed by a professional designer can add significant value to a property.

Premiums paid for dream gardens

The biggest premiums are paid in the South East with home buyers paying an extra £21,925 for a property with a garden followed by the North West with £18,425.

The following table from Zoopla shows the premium paid by home buyers and amount homeowners spend to improve their garden for different regions.
Region Premium paid Garden spend
South East £21,925 £7,822
North West £18,425 £5,860
East of England £13,388 £10,822
London £13,388 £7,434
East Midlands £12,803 £8,440
South West £11,935 £6,899
Wales £11,268 £5,832
North East £10,569 £7,257
West Midlands £10,552 £7,812
Scotland £10,207 £6,646
Yorkshire and Humber £9,068 £6,435
For homeowners in the South East 91% are most likely to rate having a garden as being important whereas in Yorkshire and Humber 84% rated a garden with a premium of £9,068.

For remortgage buyers higher property values give them an opportunity to release capital which they can use to improve their home such a stunning garden.

According to Zoopla and and the Society of Garden Designers, 40% of homeowners would think about hiring a professional garden designer for their ideal outdoor space.

Sarah Morgan said, quite apart from the overall ‘wow’ factor a good garden design can also add something really special to a home.

For buy-to-let landlords it may be worth releasing equity to invest in a new garden for a family house if they can increase the rental income to cover the interest payments.

Homeowners spend to upgrade gardens

To improve their property homeowners are prepared to spend an average of £7,339 creating their dream garden.

If you live in the South East on average you would spend £7,822 on a new garden and this would increase the va;ue of your property by £21,925.

Older homeowners with considerable value in their property offers the equity release buyer access to cash using a lifetime mortgage which can be used to build an extension or for garden improvements.

Even after this expenditure the costs continue to maintain the garden with the typical homeowners spending £678 per year.

Of those creating their dream garden, 36% said it was to have somewhere to sit and relax was the most important feature followed by 15% to have a south-facing space or a design for sunlight throughout the day.

A further 8% wanted flowers or shrubs to be part of the design, 7% wanted space for their pets with 6% to have a place to entertain friends and family and 4% for a place to grow fruits and vegetables.

What are your next steps?

Speak to our LCM mortgage advisers if you are planning to move home, buying your first home, remortgaging your existing home to a new cost effective mortgage deal or are a buy-to-let investor.

Learn more by using the mortgage monthly cost calculators, equity release calculator and property value tracker chart. Start with a free mortgage quote or call us and we can take your details.

For equity release buyers our London City Mortgage brokers can recommend lifetime mortgages allowing you to receive cash from your property to help maintain your standard of living as costs rise or pay for care at home.

Mortgage Best Buys

These are examples of mortgage products we can approach with many more offering interest rates and flexibility to meet your needs.

1.27% Fixed Rate
60% Loan to Value
£1,510 Lenders Fee
Until 30/11/2021
Reverts to 4.74%
1.28% Fixed Rate
60% Loan to Value
£999 Lenders Fee
Until 02/01/2022
Reverts to 4.00%
1.44% Tracker Rate
60% Loan to Value
£999 Lenders Fee
Until 2-Years Time
Reverts to 4.24%
1.19% Fixed Rate
60% Loan to Value
£1,025 Lenders Fee
Until 31/01/2022
Reverts to 4.24%

The latest mortgage news

23 Aug 2019

London remains the least affordable UK city with slow improvement

Affordability levels in London are slowly starting to improve with average earnings rising at a faster pace than house price growth.

20 Aug 2019

First time buyers are a boost to London mortgage market

New purchase numbers in London have been improved by first time buyers increasing 1.2% compared to a year ago.

19 Aug 2019

London house prices rise for the first time in two years

Homes in Greater London have risen year-on-year for the first time in two years with new seller asking prices 1.3% higher.

13 Aug 2019

Home hunters are paying premiums for gardens when buying

Gardens are considered so important homeowners will spend money to improve their outdoor space to increase property value.

Call for your free quote 0800 955 0058


    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.


    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.


    9th Floor, 30 Crown Place
    London, EC2A 4EB

    0800 955 0058


    London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.

    2020 © London City Mortgages.
    Website designed & developed by Spyre Media