Hampshire house prices: Hart tops for extension applications as owners seek to increase home value
The confinements have allowed many people to test their DIY projects. Across the country, DIY activities increased by almost 50% during the first Covid-19 lockdown, compared to the same period a year earlier.
While some projects only went so far as sprucing up the garden or repainting the bedroom, there are households that have taken home improvements to the next level. One area in Hampshire has seen a notable number of requests for house extensions.
In Hart (which covers areas like Fleet, Hook and Yateley), one in 38 homes applied for planning permission for an extension in 2021. This made it the most popular area in Hampshire for extensions and the 35th highest UK.
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Working from home has increased the desire for more space in existing homes, leading more homeowners to convert and expand their lofts. However, this research from Mojo Mortgages is also indicative of the upward trend in house prices.
Explaining the results, CEO Richard Hayes said: “Although building costs continue to rise, it is perhaps unsurprising to see huge demand for home improvements such as extensions, particularly in London. and in the southeast where the demand for space is incessant.
“With people continuing to spend much more time at home than before the pandemic, the desire to maximize the space you have is clear, not to mention the fact that an extension has the potential to significantly increase the value of your house.”
However, while Hart’s owners’ desire for more space is clear, it falls far short of the level of those living in the capital. The top 10 locations with the highest extension requests were in London, with one in 11 properties seeking planning permission in Westminster.
This trend could be stimulated by a buoyant housing market. Average UK house prices peaked at £360,000 at the start of the month, while Zoopla data shows the average selling price for the South East was £444,508 over the past twelve months.
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