Research from property website Primelocation shows 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 locations to buy a property within striking distance of one of Britain’s top golf courses are in the South East. Top comes property near to Walton Heath golf course 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 where the average asking price is £457,000, some £286,000 higher than the national average asking price. Rounding out the top three most expensive golfers’ location are properties near to Sunningdale golf course 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.
For example, average property asking prices near to St. Andrews golf course, widely accepted as the finest golf course in the country, currently stand at £215,000, much closer to the national average. Properties near to Western Gailes golf course offer the best value for golf lovers looking to live next to one of top courses with average asking prices at just £119,000.
Also in Scotland property near Turnberry, the number four ranking course in the UK, and Loch Lomond, ranked 15, is also reasonable at an average asking price of £130,991 and 143,516 respectively.
‘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,’ said Lawrence Hall of Primelocation.
