To find out how Conservation Area status affects property values, in 2009 English Heritage asked market research consultants BDRC to conduct a national survey of estate agents.
The poll of 147 branch managers and senior negotiators revealed the following conclusions:
- Unsympathetic replacement windows and doors, particularly plastic/PVC, is the single biggest threat to property values in Conservation Areas.
- Poorly maintained highways or paving, and unsympathetic extensions and alterations, are also considered to be particular problems.
- 82% felt that original features tend to add financial value to properties and 78% thought that they help a property to sell more quickly.
- Three-quarters believe that a well-maintained Conservation Area adds to the value of the properties within it. Confidence in the area maintaining its character and the attractive environment are the two key reasons.
- Residential properties within Conservation Areas tend to sell for more than equivalent properties outside a Conservation Area.
- 82% of estate agents believe that few, if any of their clients have a reasonable understanding of the additional controls in Conservation Areas.
What is the single most damaging thing an owner can do to a historic property in a Conservation Area?
"Removing railings; removing gardens and replacing them with paving for parking; painting over stone; putting in the wrong style of windows."
"Strip it of its original features; develop/refurbish it in an unsympathetic manner with no regard for its heritage. Not maintain it."
"Neglect it. Properties with period features in conservation areas need to be maintained to a high standard. If the owner neglects basic maintenance it can lead to a great reduction in value relative to the cost of restoration."
"Remove all signs of its history."
For a copy of the full Estate Agents Survey, please email the Communication team via the link above.
