Want a market town home? That’ll be another £41,000
HOME buyers hankering for an English market town face paying a typical premium of more than £41,000, a report has revealed.
Market town house prices are on average £41,633 – 17 per cent – higher than elsewhere in their counties, Halifax bank found.
With a typical price tag of £1million-plus, homes in Beaconsfield, Bucks, with the Chilterns on its doorstep and London close by, are the most expensive.
Beaconsfield homes also carry the biggest premium, costing £644,995 – 158 per cent – or above the Buckinghamshire county average of £408,980.
Ferryhill, County Durham, where the average home costs £78,317, was the least expensive.
Over the past five years, house prices in market towns have increased by an average of £915 a month, Halifax said.
The average house price in an English market town is £290,775 – £54,908 higher than in 2013, when it was £235,867. Andrew Mason, of Lloyds Bank, said: “The value put on quality of life and kerbside appeal is clear.
“Home buyers continue to be attracted to towns on the commuter belt into London and are prepared to pay extra to live there.
“For those looking for market charm, but not necessarily needing to commute to London, the most affordable towns reside in Yorkshire, Lincolnshire and the North.”