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Do amenities add extra value to your home?

A new report released by Lloyds reveals living near certain amenities can really affect your home’s value.  The report suggests that having a leading supermarket near your home can seriously boost its value, while other reports have found that access to amenities was important for 54% of home movers, up from 39% back in 2014.  In fact, access to amenities is voted the third most important thing when choosing a home.

So which local amenities add the most value to your property?

Supermarkets

There is definitely a correlation between house price and proximity to a supermarket, however it is not clear which came first: do supermarkets move to areas where home values are higher, or does the build of a new supermarket push up the prices?

Within the Lloyds report it is stated that living near a Waitrose can increase your house value by £38,666, a huge 10% over the area’s national average.  Budget supermarkets like Asda, Lidl and Aldi, however, add less to the value at £5,026, £3,926 and £1,333 respectively. This could however just be down to their choice of areas in which they choose to locate their stores.

Restaurants

Having a quality high-street restaurant such as Gusto’s or Carluccio’s nearby can boost the value of your home and it seems the better the restaurant, the bigger boost to your property’s worth. Having a Michelin-starred restaurant on your doorstep can add up to 50% to the value.

Despite this, not all restaurants are good, being within walking distance of a McDonalds saw a dip of 24% in house prices compared to other homes in the area. Much like the supermarket quandary, this may be due to other factors (for example a McDonalds is often located near a main road) but it is worth considering.

Transport hubs

Access to transport was voted the 7th most important factor when looking for property, however transport hubs are a tricky one and their ability to boost your home’s value depends on the type of hub. Train access is generally very good, whilst airports, less so.  The choice of transport is however personal, with many liking the access to motorways while others with international connections may also like a proximity to an airport, just as long as they’re not directly under the flight path.

Green spaces

Parks and green spaces are also hugely popular among house hunters. Housing surveys show that outstanding countryside views are a top priority for people when moving house, followed by walking trails.  Additionally, having a regional park within walking distance of your home can add between 1.9% and 2.9% to your total house value.

Here at Wright Marshall we understand the housing market and are able to identify and monitor the key drivers that will impact property prices over the short, medium and longer term.  If you would like any advice in this area, feel free to contact our team in your local area.

The Charms of Cheshire

Brimming with breath taking scenery and dramatic landscapes as well as bustling towns and cities, Cheshire offers something for just about everybody.  The active amongst us can enjoy the Cheshire countryside and wildlife on foot, with a hike up to White Nancy; the iconic Grade II listed folly that dominates the Cheshire Plain. Let imaginations run wild with a walk through the legend filled woods of Alderley Edge to Stormy Point, the setting for Alan Garner’s novel The Weirdstone of Brisingamen.  Cheshire is full of country parks for you to relax in, wander through wildflower meadows, or simply sit and take in the views as you discover your own retreat.

If you are looking for something a little less energetic, take a leisurely stroll around one of the quaint towns and villages that Cheshire has to offer. Cheshire has many market towns with their independent galleries, wine bars, boutiques and fantastic markets selling delicious Cheshire produce.

The county is also teeming with history and character- Chester itself is one of the best preserved walled Roman cities in the UK, which just over the Welsh border there is an amazing collection of ancient castles.  Visit Capesthorne Hall, a filming location for Pride and Prejudice or Tatton Park with its scenic lake and roaming deer.

If pure relaxation is more your thing, Cheshire is home to numerous Spas and Golf resorts.  Try Cottons with its outdoor Jacuzzi, Rookery Hall with its dramatic entrance, or Peckforton Castle for a relaxing weekend.

When in Cheshire you are never far from a quaint English pub serving really great ales and traditional pub classics.  However, Cheshire is also home to numerous truly great restaurants and bistros.  Simon Rimmer from ‘Sunday Brunch’ has two restaurants in both Didsbury and Hale, whilst Simon Radley has Michelin Starred restaurant at The Grosvenor Chester, and nearby Manchester is the UK’s new food hub, outgrowing London with the number of new openings each week.

Whilst maintaining its rural and tranquil setting, Cheshire is also well connected to the rest of the UK.  Crewe has the fastest train route to London at only 1.5 hours and soon set to be the home of HS2.  Manchester, Chester and Liverpool are also within easy commute times from the quaintest villages and Manchester airport is there to connect to the rest of the world.

So whether you are looking for sprawling farm lands near Nantwich, a quaint cottage in Knutsford or a town house in Chester, Wright Marshall has it covered.  As the Cheshire property experts, we are well positioned to find you that dream home in your dream location.