New research has shown adding an extra bathroom to a property makes it more desirable to potential buyers, whilst also adding an average of £12,000 to a property’s value.
The Ideal Home
In a study conducted by Direct Line surveying estate agents throughout the UK, every three bedroom should come with two bathrooms or at least an extra shower room, according to the respondents of the survey.
According to 70% of estate agents, bathrooms can seriously help when it comes to selling a property. The analysis showed that a three-bedroom house would ideally feature 2 bathrooms, a four-bedroom house should have 3 and a five bedroom home should feature 4 bathrooms.
Estate agents also estimate that on average, a three-bedroom home with an extra bathroom would add 6.8% to the property’s value, which works out to £12,000 in today’s market. For a four-bedroom home, the rise in value is slightly less at 6.2%, however, it would still result in an extra £17,000 added to the price tag of the home.
The survey also found that a massive 95% of respondents believe that it is essential for homes with 4 or more bedrooms to feature an extra bathroom and 43% believe that 5 bedroom homes should have a minimum of 3 bathrooms.
While additional bathrooms are ideal, 57% of respondents feel that even an extra shower would be suitable and add just as much value to the home, with an en-suite shower estimated to add £10,500 to a property’s value.
Head of Household products at Direct Line, Rebecca Clapham, explained that “As a new bathroom can add around £12,000 to the value of a home, which compared to the cost of fitting one, is a significant return and may be a good option for people wishing to improve their home but without the space to add an extra bedroom or improve their kitchen.”
