Could an EV charging station add value to your home?

It’s been a year since the UK government became the first in the world to pass legislation that could see it become law for every new home built to include a charging point for electric vehicles.

And with electric car ownership going up all the time, some homeowners are now worried that without a charging station, their property could lose value.

A survey by Co-op Insurance found that 39% of people think properties without a home car charging station will lose value moving forwards, while also revealing that only 11% of those asked currently have an EV charging point installed at home.

“We can see that more and more of our policyholders are opting for an electric vehicle,” said Nick Ainsley, head of motor insurance at the Co-op. “So going forward a chargepoint will be a necessity that house buyers will be looking for when looking to buy a new home.”

Claims like these have led homeowners to ask themselves: could adding an electric car charging point add value to my home? And will the lack of this ‘necessity’ see my house price going down if I don’t install one?


Premium on EV-ready housesales

Let’s look at the facts. A general rule of thumb states that a parking space adds around 5% to a property’s value. With the current average UK house price sitting at £231,855, this adds up to £11.7k – not to be sniffed at. If a parking space is worth almost 12 thousand pounds, how much would one with its own electric vehicle charging station be worth? Industry experts agree that the premium on an EV-ready driveway or parking space will continue to rise in future – especially if the government goes ahead with its plan to include them as standard in all new-builds.

Will the return on investment be worth it? Let’s look at that figure again: £11.7k. Most home car charging station installations cost considerably less than that, making the investment look all the more attractive. When you combine it with the likely increased premium attached to having a home with an EV charging point, it becomes even more so. Then there’s the fact that, due to the demographics of EV drivers, you are likely to attract a higher standard of buyer (with more budget to spend) should you come to sell your home, because of the types of people who will be looking for a charge point on their list of desirables.

It certainly makes you think. With funding grants available and simple installation from a trusted supplier like Project EV, it could be easier than you think to add value to your property with a home car charging station. To find out more, contact us today.

Contact Us

Freephone: 0800 599 9582


Project Better Energy Limited, Unit 1 Lakes Court, Lancaster Park Newborough Road, Needwood, Burton on Trent, DE13 9PD

This website is the property of Project Better Energy Limited. The content of this website and the information contained therein informs the user of the services provided by Project Better Energy Limited. In addition it permits the user of the website to provide personal data and information to Project Better Energy Limited which assists us in the provision of our services. Registered Office Address: Witan Gate House, 500 - 600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH. Project Better Energy Limited is authorised and regulated by the Financial Conduct Authority. Permission number 704316. Credit subject to status and affordability. Project EV is a trading name of Project Better Energy Limited.