There are many factors that can have an impact on the value of a house. It’s worth considering the following: 

Flood risk

Understandably, areas that flood often can reduce local house prices. You can check the long-term flood risk for English areas.

Bathrooms

A renovated bathroom could add up to 5%to the value of your home. Think about making your bathroom accessible, make sure the work is finished to a high standard and does the basics right – for example, strong water pressure in the shower.

Garden

A well-manicured garden can be a real pull for potential buyers. A study by the AA revealed that having garden space can lift a property's value by 5%.

Local schools

For buyers with a family, good local schools will be high up on the list of desirable qualities for a new home. Catchment areas with schools rated highly by Ofsted are sought after, which could mean higher property prices.

Subsidence

If the ground beneath your house sinks or caves in, it can affect the selling price of a property by 20% or more - depending on the severity. Keep an eye out for cracks in the walls, and doors and windows that stick when opened and closed. 

Transport links

The convenience of good road, rail and cycle routes, along with proximity to airports and main roads, can be a big pull for potential buyers. Being close to the motorway or a short distance from a major city could also be a benefit.

Location

A sought-after area – due to natural beauty, attractive houses or proximity to nearby attractions and scenery – could have a huge impact on the value of a property.

Supermarkets, takeaways, restaurants and sports centres nearby can all boost house value.

The size and layout

The number of bedrooms, reception rooms, bathrooms and living spaces can have a big impact. Larger houses with lots of space could be attractive to the right buyer.

Source Halifax Website January 2024

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