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Would a swimming pool decrease value of house?

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I've heard that swimming pools can devalue a house (unless it's a mansion a la Beckham type place) and some friends of mine have found a 5 bed house for sale in Balham, London with an inbuilt pool. The road it's situated in I know very well (I used to live in a road off it) but it's a very average road in terms of prettyness. It's nice, don't get me wrong, and is situated right next to a really nice Common etc - has good transport links and all that.

Am really just wondering if the swimming pool would have decreased the price of the property? Or increased it?:confused:

Here's a link to it

http://www.rightmove.co.uk/viewdetails-16836703.rsp?pa_n=2&tr_t=buy
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Comments

  • dolcevita
    dolcevita Posts: 37 Forumite
    It depends on whether you are looking for a house with a swimming pool or not.

    It's not so much the price that these type installations effect but speed/ease of sale.

    Looks like a nice house btw.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    wow that is a nice house (coming from someone renting a 1bed flat tho!), the garden is lovely. I don't know whether the pool would decrease or increase the value - I think it would be quite a personal thing, so if a possible buyer was into swimming it would increase the value to them, but if someone was thinking "I'd never use it..." it wouldn't... although I don't think anyone would say "well I'm not going to buy that house purely because there's a pool there".
    Its all down to whether the pool has inflated the asking price though, do you know about other hosue prices on that street? Because if the current owners put the pool in, it must have cost a packet, and they may be passing some of that on in the price. Then it becomes a question of whether the potential buyer sees the same worth in having a pool.
    One plus is that there is still a LOT of garden left, so it isn't as though they have sacrificed a large proportion of the garden to get the pool.

    (I live pretty close as well, on Balham high road... its such a nice area. We're looking to buy for the first time this summer and there's no way we'll be able to stay here, I'm a bit gutted cos I really love it here!)
  • blue_haddock
    blue_haddock Posts: 12,110 Forumite
    On a house like that i don't think it would add much value but it certainly wouldn't decrease the value. I think the only time a swimming pool would decrease the value would be if the owners built one in a garden that was already small and the pool caused the garden to shrink to the size of a postage stamp.
  • ethansmum
    ethansmum Posts: 1,780 Forumite
    Wow £1.6 million for a house on an average road!

    I don't think it would devalue a house, nor would it add value either imho.
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  • ethansmum
    ethansmum Posts: 1,780 Forumite
    Sorry blue haddock- we posted at the same time!- Great minds think alike! :)
    July Win: Nokia 5800
  • I like it but £1.6 million is more than I'll earn in a lifetime.

    I could buy Hartlepool for that!

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    My own thoughts is that, if its a grotty outside pool then it may well decrease the value, but a lovely indoor one like that, I would have said it would increase the value, but then I'm not a property expert.
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  • pinkshoes
    pinkshoes Posts: 20,532 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The only downside of a swimming pool is the running costs (about £600 a year I think, depending on how many months you want to use it), but if someone can afford £1.6 Million on a 5 bed house, then I'd see the swimming pool as an advantage rather than disadvantage.

    If it was a £300k house with a swimming pool, then I think it would hinder buyers.
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

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  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    There are some £1million plus houses near me where some of them have swimming pools. It seems to make no difference to whether they sell or not simply because each of the houses is large, detached and has an individual design.

    Basically if you are spending in that price bracket and want a pool you buy the house. If you don't want a pool you buy somewhere else.

    I think a bigger issue on selling the house will be the number of bathrooms.....
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • MUM40
    MUM40 Posts: 304 Forumite
    Part of the Furniture 100 Posts
    I just wish that I had that sort of money.
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