Properties overlooking top golf courses are worth more than double similar houses nearby

Martyn Clapham
By Martyn Clapham October 5, 2015 15:58

The average price of a house built on or overlooking a prestigious UK golf course is approximately 140 percent higher than a similar house just a few yards away from the golf club.

st andrews house michael coghlan

Properties overlooking St Andrews. Flickr / Michael Coghlan

Estate agent House-Simple.com has found that properties at Royal Birkdale in Lancashire cost on average over £1 million, 437 percent more than similar-sized nearby homes not overlooking the golf course.

The cost of an average home near the Old Course, St Andrews is more than double the average property prices in the wider KY16 postcode of £308,895, at £715,886, while people wanting to live near Muirfield in East Lothian have to pay 170 percent more than elsewhere in the local area.

At Royal Troon properties are around 136 percent higher, compared to the local average of £187,598.

However, living beside the golf course at Carnoustie in Angus is more affordable, with an average price of £277,068, compared to the typical property cost of £178,731 in the DD7 postcode.

Alex Gosling, chief executive of House-Simple.com, said: “For golf fans who dream of being close to the action of an Open Championship and living next to or overlooking one of these courses, they might actually have to win the Open to afford to buy a property just a chip and a putt away from the fairways.”

In May, a house overlooking the Old Course at St Andrews sold for more than £2.25 million within just a week of going on sale. It is one of the most expensive properties ever sold in Scottish history. The record in Scotland was set in 2007 when Seton Castle near Longniddry, East Lothian, sold for £5 million.

 

Martyn Clapham
By Martyn Clapham October 5, 2015 15:58
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