House prices near lakes, lochs, and reservoirs are growing at more than double the rate of the wider UK average, according to data analysis by estate agent Yopa.
While Land Registry figures show the average UK house price grew at 2.2% between May 2023 and May 2024 (£278,941 to £285,201), Yopa’s analysis found that prices for homes located next to lakes, lochs, and reservoirs have grown at an average rate of 5.5% – from £213,384 to £224,134.
The biggest waterside price growth has been recorded in Wales, where the value of homes located next to Llyn Cowlyd have grown by a massive 13.1% over the past 12 months to reach a current average price of £206,764.
By Scotland’s Loch Shin, prices have grown by 12.9% to hit an average of £182,331, and prices next to Scotland’s Loch Awe have increased by 11%.
The remainder of the top ten lakes, lochs, and reservoirs to have seen the highest annual price growth is a list dominated by locations in Wales.
Llyn Brenig has seen a price increase of 10.7%, followed by England’s Coniston Water (10.5%), Lake Vyrnwy (9.6%), Llangorse Lake (9.5%), Clywedog (9.5%), England’s Derwentwater (7.9%), and Llyn Cwellyn (7.9%).
Despite the general trend, three of the 38 lakes, lochs and reservoirs studied by Yopa have actually seen prices fall in the past year.
They are Llyn Celyn (-2.8%) and Llyn Tegid (-2.8%), both in Wales, followed by Derwent Reservoir in England (-2.7%).
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