With the Ryder Cup in the forefront of our minds, new research has revealed the premiums for property located near a top golf course.
There are an estimated 1,790 golf courses in the UK, mostly in England. Yorkshire tops the table as England’s golf course hotspot, home to 139 courses.
Now research by Quickmove Properties has analysed house prices across postcodes boasting 30 of Britain’s best golf clubs and found that, on average, a property will set you back £265,954 - 10 per cent more than properties in the wider local authority areas in which the courses are located.
The most prestigious of the lot is Fife’s KY16 postcode, home to the famous golf links at St Andrews and Kingsbarns. The average house price in the postcode is currently £313,787, a huge 79 per cent higher than the wider average of £175,568 found across Fife.
The Sunningdale Golf Club postcode of SL5 ranks third in Britain and boasts the highest price premium in England, coming in 67 per cent more expensive than the wider area where property prices are concerned.
Pennard Golf Club in Swansea is home to the highest golf club house price premium in Wales and the second highest in Britain, with the average house price of £335,998 in the SA3 postcode sitting some 76 per cent above the wider Swansea average.
Sales director at Quickmove Properties, Mark O’Dwyer, comments: “Golf is one of our favourite national pastimes, especially for people in or approaching retirement.
“It can be a costly pursuit once you account for equipment, membership, green fees and a regular stop at the 19th hole. It’s also likely to cost a fair bit more if you actually want to reside close to a golf club, with house prices commanding a 10 per cent premium across the nation’s top 30 clubs alone.”