A significant number of homebuyers in the UK would potentially spend more on a property if it was in an area with a "strong" community spirit, new research has revealed.

The study conducted by Yorkshire Bank noted that nearly half of respondents would pay more for a home if it offered a greater sense of community, which rises to 54 per cent among first-time buyers.

Meanwhile, 74 per cent of those surveyed said that a neighbourhood watch programme is both "positive and reassuring".

Gary Lumby, head of retail at the bank, said: "Having a sense of community is still a very important factor in the buying process and there is a genuine desire for neighbourhood watch programmes and community groups."

However, people still "want the best of both worlds", favouring a mix of privacy and community spirit, he added.

In related news, Kate Henderson, communications manager for the Town and Country Planning Association, recently said that homes with gardens tend to attract buyers.

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