14 Mar

Houses for sale in Tenbury Wells experience 'price boom'

Houses for sale in Tenbury Wells experience 'price boom'

The value of houses for sale in Tenbury Wells has leapt by 143 per cent over the last decade, research has revealed.

Property for sale in the spa town is also 32 per cent more valuable than the Worcestershire County average, according to the Lloyds TSB survey.

Property values across 14 of the UK's 18 spa towns are significantly higher than other areas in each of their respective counties, adding £38,000 to the average price of a home.

For example, houses for sale in Bath, Somerset are 42 per cent more expensive than the county average (£227,250).

Estate agents in Bath also offer some of the oldest housing stock in the country, with an average property age of 92 years.

Nitesh Patel, housing economist at Lloyds TSB, said: "Spa towns tend to have a larger stock of period architecture, such as Georgian or Regency, which are often larger and command higher prices."

Quality of life in spa towns is also thought to be higher, with lower crime rates, excellent schools and lesser traffic volumes, she added.

Located in the heart of the Teme Valley, the market town sits in farming country, ideal for ramblers.ADNFCR-1222-ID-800460121-ADNFCR

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