The distance between a homebuyer’s new home and their workplace is the biggest priority when it comes to buying a property, according to new research from Santander Mortgages.
Brits would pay an average of over £5,000 to live closer to work, and a third of those surveyed said it was the number one fctor.
Second most important was the amount of living space available for their budget, with good transport links, parking access and south-facing gardens all highlighted as being key in the decision-making process.
Families with children also want to ensure they are in a catchment area for a good school.
Phil Cliff, director of Santander Mortgages, commented: “It’s fascinating to see the value that prospective buyers attach to different property features, and how these evolve as people get older and family situations change. Some of the most in-demand privileges, however, such as close proximity to the city or good schools, come with an expensive price tag. It’s therefore important that people speak to experts to ensure that their expectations are realistic and so that they get a good understanding of what they can and can’t afford.”
