Most (87%) homebuyers would avoid a property with a pond, as a result cutting off £5,000 from the asking price, research by estate agency network eXp UK shows.
The primary reason why is a pond can be a danger to small children, the cost of upkeep is high, while a pond can attract pests such as rats and mice.
Despite this, ponds can be a popular feature for many homeowners, particularly those with a love for nature.
Adam Day, head of eXp UK, said: “If done properly, a pond can be an attractive addition to any garden and it’s clear that many of the nation’s homebuyers still believe this is the case.
“However, today they are largely seen as a negative property feature due to the fact that they pose a very real danger to the safety of children, while they can also be expensive to upkeep, as well as the other problems they bring such as attracting rodents.
“Given that many buyers are facing higher borrowing costs and the higher ongoing cost of living at present, it stands to reason that they don’t want the additional burden of maintaining a pond and deterring rats and mice from their garden.
“This means that should they come across an otherwise perfect home with a pond, they will need to factor in the additional cost of removing once they’ve purchased the property.
“This means that, on average, those looking to sell a property with the addition of a pond could have to lower their asking price by more than £5,000 in order to secure a buyer.”
A survey of UK homebuyers found that while 51% of those surveyed thought ponds were an attractive outdoor feature, 87% would purposely avoid buying a property with a pond as a feature.
What’s more, 73% of those surveyed also stated that they would offer below asking price on a home they otherwise liked, simply because of the issues raised by the presence of a pond.
