Home buyers pay a £66,500 premium to live in a national park... here are the cheapest (and most expensive)

Home buyers pay a £66,500 premium to live in a national park... here are the cheapest (and most expensive)

Homes located within a national park are typically 24 per cent more expensive than similar properties in other locations, Nationwide Building Society data shows. In cash terms, buyers can expect to pay around £66,500 more for a property in a national park than outside one, based on the current UK average house price of £278,784.Even homes on the outskirts of a national park attract a premium. A home located within about three miles of a national park commands a 6 per cent premium compared to properties further away. Properties in national landscapes, such as the Chilterns, Cotswolds and Surrey Hills, also fetch a premium. Pay the price: Expect to pay a hefty premium to live within or near the New Forest Where is the cheapest national park to buy a home?Buyers wanting a cheaper home in a national park should head to Eyri, also known as Snowdonia, in Wales. In Snowdonia, the average cost of a home is £203,000, which is £75,784 less than the UK national average. National parks cover 20 per cent of the land area in Wales, the highest proportion of the home nations, Nationwide said. For the second cheapest option for a home within a national park, buyers need to head to Scotland. In the Cairngorms in Scotland, where approximately 18,000 people live, buyers can purchase a home for around £255,000, which is less than the national average. In the Brecon Beacons in Wales, where around 33,800 people live, the average cost of a home is £292,000. The Pembrokeshire Coast in Wales another relatively affordable national park option for buyers, with homes costing around £310,000. Across the Yorkshire Dales, buyers will need to spend about £315,000 to buy a home, while in the Lake District, the average price tag is higher, at £325,000, Nationwide said. Average prices are higher in Loch Lomond and the Trossachs, where approximately 15,200 people live and the average cost of a home is £330,000. Which national parks are more expensive to live in?Dartmoor is the fourth most expensive national park to live in, Nationwide said. Across the national park, buyers have to pay around £348,000 for a home. Approximately 34,900 people live on Dartmoor. There is a sizeable increase in average property prices in the Peak District, where average house prices are £450,000, which is £171,216 more than the UK average. The South Downs is the second most expensive national park to buy a home in. Here, buyers can expect to pay £485,000 for a property. Approximately 116,200 people live in the South Downs. According to the analysis, the New Forest is the most expensive national park to buy a home in, with average prices at £563,000. Just 34,300 people live in within the New Forest. Andrew Harvey, Nationwide's senior economist, said: 'National Parks are highly desirable area to live in thanks to the beautiful countryside. 'Those living in the parks are ideally placed to make the most of the great outdoors and take advantage of a range of activities and amenities.'Development is also controlled with limited new housing construction, which may also help to explain why house prices tend to be relatively high.' Where are the cheapest national landscapes to live in?National landscapes, previously known as areas of outstanding natural beauty, have been designated for conservation due to their significant landscape value. Around 15 per cent of land in England is within a national landscape. The Cornwall national landscape, which has 12 separate sections, spans various parts of the coastline and Bodmin Moor. It is the cheapest national landscape in the UK to buy a home, with prices at around £300,000. Dorset and the Wye Valley are the second and third cheapest national landscapes to buy a home, with prices at around £345,000 and £370,000 respectively. Buyers can also typically purchase a home for less than £400,000 in east Devon and south Devon. In High Weald prices are significantly higher, at around £505,000.The second most expensive national landscape is the Chilterns, where property prices are around £685,000. The priciest national landscape in the UK is the Surrey Hills, where buyers can expect to pay £710,000 for a property. Harvey said: 'While not as well-known as national parks, national landscapes are nevertheless very desirable places to live and as such tend to be associated with relatively high house prices.' Best mortgage rates and how to find them Mortgage rates have shot up again due to inflation triggered by the conflict with Iran reversing hopes that the Bank of England would cut rates. This means those remortgaging or buying a home face higher costs.That makes it even more important to search out the best possible rate for you and get good mortgage advice, whether you are a first-time buyer, home owner or buy-to-let landlord.This is Money's partner L&C can help you with its fee-free mortgage service.> Compare mortgage rates> Find the right mortgage for you To help our readers find the best mortgage, This is Money has partnered with the UK's leading fee-free broker L&C.This is Money and L&C's mortgage calculator can let you compare deals to see which ones suit your home's value and level of deposit.You can compare fixed rate lengths, from two-year fixes, to five-year fixes and ten-year fixes.If you’re ready to find your next mortgage, why not use This is Money and L&C’s online Mortgage Finder. It will search 1,000’s of deals from more than 90 different lenders to discover the best deal for you.> Find your best mortgage deal with This is Money and L&C Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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