It is a well known fact that living within a National Park adds a premium to the price of a property but do you know how much extra you may expect to pay for the privilege?
The latest research by KnightFrank shows that purchasers of a property within the Pembrokeshire Coast National Park should expect to pay an average price of £211,087; a weighty 47% extra for their property compared with one in other parts of Pembrokeshire.
Pembrokeshire comes fifth in the table of premiums paid for National Park properties. Topping the list is the New Forest with a premium of 93%; second is the Peak District with 87%, the Lake District follows at 86%, then the South Downs at 60%, followed by Pembrokeshire. Bottom of the list is Snowdonia where a premium of just 2% is paid.
So why are people prepared to pay a premium for life inside the National Park? A superb view always commands a premium and, as all sea view properties in Pembrokeshire are within the National Park, this is one reason that goes without question. A superb sea view can elevate a property’s price by as much as £200,000. Supply and demand is the other major factor. With draconian planning regulations introduced to preserve the beauty of the park after some shocking planning decisions made in the 1960s & 1970s (the appalling holiday chalets blighting glorious Freshwater East being a prime example), housing stock is limited, thus keeping prices high.
If you are looking to move to the Pembrokeshire Coast National Park, West Wales generally, or purchase a holiday home here, West Wales Property Finders would be delighted to help you. Over 90% of the properties we find our clients never reach the open market, thus ensuring they gain access to the cream of the crop. We can take the stress out of finding your dream property whilst, at the same time, saving you time and money in the process. Check out our website at www.westwalespropertyfinders.co.uk, call us on 01834 862816 or email carol@westwalespropertyfinders.co.uk.
