Don't get sucked in by south-facing property myths

Rachel Greene-Taylor
Written by: Rachel Greene-Taylor
Posted on: 25 February 2016

If you’ve spent any time with an estate agent, you’ll know that south-facing gardens are a big deal. They like to talk about the virtues of these ‘sun traps’ – but do south-facing gardens actually add any real value to your property?

The short answer is no; or at least, not really.

It’s all a sun trap

To cut a long story short, research by Direct Line shows that the benefits of a south-facing garden are not reflected in the asking price of a property.

In fact, south-facing gardens only carry a measly 0.37% premium, when compared to north-facing gardens.

So, although it’s nice to have a back garden that gets the sun for longer, and is generally warmer and brighter, it won’t typically increase the value of your property.

While south-facing gardens don’t add much value, river views add an average of 9%

So what can increase the asking price?

River views
While south-facing gardens don’t add much to your property’s value, river views carry a considerable premium – an average of 9%.

For example, a three-bedroom property in North London with a river view recently had an asking price of £850,000. Unbelievably, that’s 42% more than identical houses in the same development that cost £600,000 but were without a river view.

Which begs the question: is it really worth an extra £250,000 to look out your window and see a river?

Height matters
In big cities, the price of a flat skyrockets the further up a building you go.

According to one developer, for every floor you climb, £15,000 is added to the value. It seems ‘a room with a view’ has taken on a whole new - and more expensive - meaning.

An example of this is a 14th floor flat located five minutes from Angel tube station in London. On the market for £850,000 – it’s 31% more expensive than the exact same property down on the third floor.

So the higher you climb, the higher the price.

But keep in mind, while a property with pretty views overlooking water will probably be more expensive, home insurance may also cost more because of increased flood risk.

Our Magazine sections

Our Magazine sections

directline logo
Do you have any  insurance policies  with Direct Line?
Close ×
directline logo
Do you have any  insurance policies  with Direct Line?

Things you need to know about Over 50s life insurance:
Premiums stop after your 90th birthday but you still enjoy cover for the rest of your life. In the first year, if you die from natural causes we will refund any premiums, or if you die as a result of an accident, we will pay your cash sum. After the first year regardless of the cause of death we will pay your cash sum. Depending on how long you live, the total sum paid in premiums may be more than the cash sum payable on death. If you stop paying your premiums before the end of your policy your cover will stop 30 days after your missed premium and you won’t get anything back. This isn’t a savings or investment product and has no cash value unless a valid claim is made. Inflation will reduce the buying power of your cash sum in the future.

Close ×