Areas to avoid if you want to increase property value after planning applications refused
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A new study by metals4U, has found the hardest places in the UK to do a home renovation and the areas to avoid buying or investing in a property. While buying a property and renovating it may sound simple enough, you may need planning permission to make certain changes to your home. According to the Government website, you will probably need planning permission if you want to build something new, add an extension to your home or change the use of your building.
The UK’s largest online metal supplier has looked at the areas that are least likely to be able to add value to a home by not granting planning permission.
Last year it was found that 359,013 people applied for planning permission across the UK, with 87 percent of those applications being approved across the UK.
This left 46,672 homeowners who were denied planning permission and unable to complete their projects.
So where has the lowest numbers of planning permission applications?
These locations came through as the worst areas in the UK out of 331 districts for having the lowest approval rate for planning permission applications in 2020, making them the most challenging areas to renovate your home.
Barking and Dagenham, located in East London, is the most difficult place to upscale a property’s value and have planning permission approved for renovation projects.
Just over half (53 percent) of people who applied for planning permission were approved.
Another London borough is the second hardest place to renovate and add value to a property.
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Redbridge approved 62 percent of planning applications, leaving 195 applicants without planning permission.
Most of the most difficult places to renovate a home and add value are based in London.
Copeland in western Cumbria was the easiest area to carry out a home renovation with 100 percent of planning applications being granted.
In Cumbria, property values have increased by four percent over the last year with people cashing in an extra £7,900 on their homes in the last 12 months on average.
New builds in this area on average are on the market for £224,000 compared to an average home selling for around £185,000.
The Isles of Scilly came in second place with all 25 planning applications being graded.
The City of London came in third place with 98 percent of all applications being granted.
When it comes to DIY projects, metals4U also looked at which areas across the UK have seen the most activity.
Interestingly, a town in the East Midlands, Corby, is the number one spot in the UK for DIY having received the highest number of home renovating requests with 5,377 people applying to upscale their home in 2020.
This was followed by Westminster in London and Broxtowe in the East Midlands which both had over 5,000 applications over a 12-month period.
Paul McFadyen, Managing Director of metals4U, said he has seen an uplift in DIY projects from regions across the UK.
He said: “We are delighted to see so many DIY projects being undertaken over the last year, from home constructions to smaller renovation projects.
“We saw a particular uplift in Cardiff with a 63 percent percent increase in metal supplies demand in January 2021 compared to the same time last year.
“Other locations we’ve seen an increase in demand for metal supplies have been Peterborough, Hove, and Bristol, all increasing by over 50 percent in metals purchases such as stainless steel, aluminium, and copper.”
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