Property & Mortgages

Research reveals supermarkets affect average house prices

Properties within easy reach of a local supermarket in the UK are, on average, some £21,512 higher than in nearby areas, new research has found.

Homes in areas with a Waitrose, Marks and Spencer, Sainsbury’s or Iceland are most likely to command a higher house price premium when compared to the wider town average, according to the study from Lloyds Bank.

And prices near upmarket supermarket brands can be particularly high, it also found. For example, the average price for properties within easy reach of a Waitrose is typically £36,480 higher than the wider town average at £429,118 versus £392,939.

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