Homebuyers pay £125,000 extra for beautiful scenery

homes in Buckler's Hard Image copyright Thinkstock
Image caption Homes within the New Forest - like these in Buckler's Hard - cost double those nearby

Homebuyers pay an average premium of £125,000 to live in some of the country's most scenic locations, according to new research.

House prices in some national parks can be up to double what they are in the surrounding area, said a report from Lloyds Bank.

It found that buyers in England and Wales pay an average £125,796 extra for living in a national park.

Homes in the New Forest had the highest premium, and were the most expensive.

Houses there cost on average £259,066, more than double the cost of homes outside the park boundary.

However anyone in search of spectacular countryside might find better value in the mountains of Snowdonia in North Wales.

Homes there cost an average of £173,779, just 5% more than other properties nearby.

Image copyright Thinkstock
Image caption Homes in Snowdonia are more affordable than in other national parks


Over the past ten years, prices have risen fastest on Exmoor, which straddles Devon and Somerset, with a 47% increase between 2004 and 2014.

Lloyds Bank said one reason for the price rises was the fact that many homes in national parks are purchased as second homes - or holiday properties.

"The disadvantage is that the resulting high property prices have made it very difficult for many of those living and working in such locations to afford to buy their own home, said Marc Page, Lloyds Bank mortgages director.

"This situation has deteriorated in recent years, as prices have risen more rapidly than earnings," he said.

A recent survey by the National Housing Federation (NHF) found that many rural areas were relatively more expensive than London, once the level of local earnings was taken into consideration.

Northumberland National Park was excluded from the report, because of the low number of house sales.

How much extra do you pay to live in a national park?
Park Average House price (£) Premium to nearby area
New Forest 257,413 101%
Peak District 307,573 94%
Lake District 311,154 84%
South Downs 460,099 70%
Pembrokeshire Coast 222,792 45%
Exmoor 308,153 43%
Dartmoor 287,519 32%
Yorkshire Dales 259,408 31%
The Broads Authority 248,458 24%
Brecon Beacons 206.162 15%
North Yorks Moors 238,952 11%
Snowdonia 173,779 5%
National Parks Average 342,534 58%
SOURCE: Lloyds Bank/ Land Registry

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