Racecourses: are they a good bet for a house price premium?
With the 2018 the racing season underway at Salisbury Racecourse, we delved into our local house price data to see if buyers are prepared to pay a premium to live in the vicinity of a racecourse.
We have compared the average price of homes sold since the beginning of 2017 in the local area of the 55 racecourses across England and Wales and compared this to the wider district area average.
On average, properties close to racecourses sold for 8% more than the wider district area. Ascot was the winner with a 65% premium with Southwell in Nottinghamshire coming in second place (58% premium) and Taunton in third place (47% premium). Here in Salisbury we have an average £30,000 premium over the average for the South West region.
Sadly, some way off the pace at the bottom of the leaderboard was Aintree where homes in the local area sold at a 49% discount to the wider area.
Message, comment or call us on 01722 444706 for a copy of our Property Market Report for your local area around Salisbury or Winchester.
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