Posted: 17 April 2013 by Higgins Homes
The esteemed author Mark Twain may not have liked golf, but apparently modern property markets strongly disagree with him. Living near a golf course in the UK these days can add a premium of £95,000 to value of a home, according to some estimates. This article will detail some of the reasons why golf courses are good for property prices.
The average asking price of houses situated near premium golf courses in the UK stands at £265,000, compared to the national average of 170,000. Furthermore, while house prices in Britain have stagnated since 2010, prices for homes near one of Britain's top 50 golf courses have jumped some 7% in value, making them potentially good for long-term investment.
So, given the dramatic difference in property asking prices, what are the advantages of living near a golf course? The most obvious is easy access to the course itself, an important point for golf players and fans alike. However, there are other indirect benefits to having a golf club as a neighbour, even if you aren't a player or follower. One is the views it offers. Golf courses have a similar advantage to parks in that you will be living next to an open, well-maintained green space. This is an especially valuable asset in areas that are otherwise highly urbanised.
Coupled to this is the tranquillity. While lawnmowers and leaf blowers might see frequent use, golf courses are still much quieter than the average neighbouring street or business, especially in the evenings and at night. Overall, golf courses are attractive, peaceful and well-behaved neighbours for those looking for a relaxing home life.