The price of homes in ‘Areas of Outstanding Natural Beauty’ (AONB) has surged over the last ten years, according to recent research.
Since 2002 the average AONB homeowner has seen the value of their property rise by 87% from £125,860 to £235,215. This represents a monthly increase of £911.
The areas that have seen the largest percentage increase in price include Solway and the Northumberland Coast, which were up by 124% and 123% respectively.
The Kent Downs were up by 115%, followed by the Forest of Bowland, up by 107%, and Cornwall – up by 105%.
“The value of homes within areas of outstanding natural beauty has risen substantially over the past decade,” said Suren Thiru, Housing Economist at Lloyds TSB.
“The relatively high property values in many of these locations reflect the quality of life benefits associated with living in some of our most idyllic beauty spots.”
Further figures from the research show that buyers will have to pay a 9% premium to live in one of England’s AONB areas.
Two thirds of AONB properties also outperform average properties prices within their region. This is 50% higher for Surrey Hills, and 38% higher for the Forest of Bowland and Shropshire Hills.
“The fact that property prices have typically risen considerably faster than average earnings has created significant affordability difficulties for many of those living and working in such locations,” added Mr Thiru.
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