Fine dining means premium prices
THERE’S a link between Michelin-starred restaurants and house prices, according to Primelocation.com.
On average, prices in areas with a Michelin-starred restaurant are 42 per cent more than the regional average. The highest is Ascot in Berkshire, home to Coworth Park, where property values are 146 per cent higher than the regional average. Pateley Bridge in North Yorkshire has the greatest restaurant premium of any northern town, with the Yorke Arms at nearby Ramsgill apparently helping push up house prices to 137 per cent more than the Yorkshire average. The Box Tree seems to have added to Ilkley’s desirability. The town’s house prices are 105 per cent above the average.