Global Edition

 

Evaluating Golf’s Property Premium

9.36am 3rd January 2013 - Property - This story was updated on Thursday, January 3rd, 2013

Golfers looking to buy a home close to one of Britain’s top golf courses can expect to pay a premium of £95,000 (56%) compared to the national average house price, according to the latest data from property website Primelocation.com.

The research revealed that the average asking price of all homes currently on the market near to Britain’s 50 top ranked golf courses* stands at £265,000 compared to the national average asking price of all homes on the market across Britain of £170,000.

The most expensive location to buy a property within striking distance of one of Britain’s top golf courses is near to Walton Heath golf course (KT20 post code) where the average property on the market will set you back £541,000, more than £370,000 over the national average. The second highest golfing premium is the area around Wentworth golf course (GU25 post code) where the average asking price today sits at £457,000, £286,000 higher than the national average asking price. Rounding out the top three most expensive golfers’ paradises are properties near to Sunningdale golf course (SL5 post code) where average prices for homes on the market are currently £446,000.

Properties near top golf courses also appear to have been a good investment in recent years. Whilst average house prices across Britain have remained almost stagnant since 2010, property values in the vicinity of Britain’s top 50 golf courses have risen by 7% on average.

Scotland offers a tempting option for more price-conscious, passionate golfers where the original home of the sport hosts six of the top ten British golf courses. Average property asking prices near to St. Andrews (KY16) currently stand at £215,000 – much closer to the national average.

Properties near to Western Gailes golf course (KA11) offer the best value for golf lovers looking to live next to a top course with average asking prices at just £119,000.

Lawrence Hall of Primelocation.com, comments: “For golf enthusiasts, living next door to one of Britain’s top courses can cost a significant premium, but for true lovers of the game it may seem well worth the price. However it is possible to live near a world-class course without breaking the bank – it’s just a matter of knowing where to look.”

Primelocation.com is one of the UK’s leading property websites, focussed on helping house-hunters in the middle and upper tiers of the market find their next home with listings advertised by most of the top estate and letting agents across the UK.

For those who really want to splash out to enjoy their daily round, here is a selection of prime properties nearby the most expensive golfing paradises:

*Rankings based on those at: http://www.top100golfcourses.co.uk/

 

Follow us on Twitter and LinkedIn.

Use the buttons above to control the search results you want.

Prefixing a search term with a hyphen will exclude results matching that term.
For example 'green -greenkeeper' will return results containing 'green' but not 'greenkeeper'.