Mar­ket town is most ex­pen­sive in the coun­try

Av­er­age house price reaches £822k

Buckinghamshire Advertiser - - NEWS - By Jo-Anne Rowney jo-anne.rowney@trin­i­tymir­

A BUCKS mar­ket town has the largest home price pre­mium in the county, with homes sell­ing at more than £500,000 above the county av­er­age.

The av­er­age pre­mium for mar­ket towns com­pared with their county av­er­age is £24,766.

Bea­cons­field is no ex­cep­tion, with homes in the mar­ket town sell­ing at much more than the Bucks av­er­age, ac­cord­ing to re­search by Lloyds Bank.

The town has the largest house price pre­mium of all mar­ket towns, with prices £501,648 above the county av­er­age.

Bea­cons­field is also the most ex­pen­sive English mar­ket town, with an av­er­age house price of £822,753.

Peters­field in Hamp­shire (£402,216) and Cran­brook in Kent (£393,778) are the next most ex­pen­sive mar­ket towns in Eng­land.

House prices in mar­ket towns have risen by an av­er­age of £505 per month dur­ing the past decade.

The av­er­age house price in mar­ket towns across Eng­land has risen by £60,586 (34 per cent), from £179,535 in 2004 to £240,121 in 2014.

This is equiv­a­lent to an av­er­age rise of £505 per month dur­ing the past 10 years.

There has also been a larger house price in­crease in mar­ket towns.

Bea­cons­field came third, with a 47 per cent in­crease.

Con­trary to the decade as a whole, it has been mar­ket towns in the South that have per­formed best in the past few years.

Bea­cons­field recorded the largest price growth in the past five years (37 per cent). The av­er­age price growth since 2009 for all mar­ket towns in the survey was 13 per cent.

An­drew Cro­nan, head of Sav­ills Bea­cons­field sales, said: “The ex­cel­lent range of schools and su­perb trans­port links back into cen­tral London that Bea­cons­field of­fers have al­ways helped fuel de­mand from buy­ers for prop­erty in town cen­tre lo­ca­tions and this, in turn, has helped to keep prices in Bea­cons­field and other town mar­kets, strong.”

But the head of Sav­ills in Amer­sham, Nick Pounce, said this is not just down to some­where be­ing a mar­ket town, as Amer­sham is also one and does not ap­pear in the top rank­ings.

He said: “While ul­ti­mately driven by de­mand, aside from lo­ca­tion, house value is de­pen­dent on prop­erty type, size, con­di­tion and the fa­cil­i­ties avail­able.

“As a re­sult, it can be dif­fi­cult to com­pare the value of a prop­erty in one lo­ca­tion over another.”

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