How To Add an average £47l to the asking price of a property

Analysis from online platform Home Sale Pack suggests that sellers could bag an average premium of £47,000 if they market a property with planning consent for an extension.

Analysis shows the average asking price for a property with pre-agreed consent is £475,191 – 11% higher or £47,000 more than comparable properties.

The average price for a home with consent in the North West is £393,583, 19.9% (£65,366) higher than the wider average house price of £328,217. Consent brings a price premium of 18.7% in London, 17.2% in Yorkshire & Humber, and 17.1% in the North East.

In England there are just 10,359 homes with planning permission currently available in the current market, the largest proportion are found in the South East, home to 27.6% of the national total.

A spokesperson for Home Sale Pack says: “Prospective buyers with an appetite to expand a property over time will often lean towards a property with pre-agreed planning permission in place as it allows them to sidestep a time consuming and costly process.

“Even if the permission that’s been granted doesn’t match a buyer’s vision for their new home, it’s still a really good sign that any future planning requests will be granted because the local authorities have already shown a willingness to allow the home to be improved.

“Agents could be missing out on quality buyers because they’re not able to see the true value of what you’re selling.”