Construction workers and builders using
alignment lasers to build new properties may be working on more north-facing houses from now on, after it was revealed that having a south-facing home does not add that much value.
According to recent research from
Direct Line Home Insurance, properties that have south-facing gardens only have a price tag that is 0.37 per cent higher than similar homes with gardens the opposite way.
Despite south-facing gardens having long been considered more valuable to a property as they allow homeowners to enjoy the sunshine for much longer in the day, it appears this is not as important to property buyers as estate agents would have them believe.
In addition to this, the research revealed properties with river views are nine per cent more expensive compared with identical homes that are not facing the water.
Meanwhile, living higher up in an apartment block is also more expensive, with homebuyers paying £15,000 per extra floor for their city pad
Head of Direct Line Home Insurance Katie Lomas said: “The research highlights that south-facing premiums may well be a myth, but a room with a view comes with a hefty price tag.”
She went on to advise those who purchase a property by a river to look carefully at insurance policies, as they might find it is harder to protect being in such close proximity to the water.
There might be a surge in the number of north-facing or river-view properties being
built in Wales, as part of the ‘Flint Masterplan’ regeneration strategy of the area. This will see old properties demolished and replaced by new dwellings
