Market town is most expensive in the country
Average house price reaches £822k
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.”