Garden annexes are the latest must have in the UK’s housing market with planning applications up strongly as they add value to the price of a home, new research suggests.
THE former Barr’s soft drink factory site in Wigan is to be transformed into a £35.5m housing development.
Housing and community regeneration specialist Keepmoat has bought the land on North Road and will deliver 194 two, three and four bedroom properties for sale.
The new development will also deliver new public open space and two children’s play areas.
Despite estate agents and property experts in the UK espousing the benefits of a south facing garden, this is not reflected in the asking price, new research has found.
An analysis of property asking prices reveals homes with south facing gardens carry a mere 0.37% premium compared to properties with north facing gardens.
South facing gardens have long been touted as desirable because they typically get the sun for most of the day and are therefore thought to be warmer and brighter, but it appears this isn’t reflected in property prices.
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