Spa town values see decade increase

PROPERTIES in spa towns have seen the value rise by nearly £130,000 over the past decade, according to the latest research from Lloyds TSB. They rose by an average of £129,203 from £146,194 in 2001 to £275,397 in 2011. The 88 per cent increase is equivalent to a monthly rise of £1,077.

The rise in spa town house prices since 2001 was 12 per cent greater in monetary terms than the average property increase. Five spa towns have seen prices more than double in the past decade.

The largest increases were in Builth Wells with 170 per cent and Harrogate, with 107 per cent. Boston Spa recorded a 103 per cent rise and Knaresborough 100 per cent while Ilkley’s rise was 85 per cent.