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  1. ITV Report

Home buyers paying massive premiums to live in National Parks

A view of Glenridding and Ullswater Credit: PA

Home buyers in National Parks face paying a typical premium of £116,501 to live there, a report has found.

House prices in 12 National Parks surveyed by Lloyds Bank are, on average, £116,501 or 46% higher than the average for their surrounding county.

Four National Parks in the study - the New Forest, the South Downs, the Peak District and the Lake District - attract a premium in excess of £150,000.

Properties in the Lake District command the largest percentage premium, with average prices more than double (105%) those in the surrounding area.

The research, which covered England and Wales, found the average house price in a National Park at £368,804 - meaning buyers face paying nearly 12 times local average earnings.