29 Nov

Houses for sale in UK market towns 'command higher price'

Houses for sale in UK market towns 'command higher price'

Houses for sale in small market towns in the UK often command a higher asking price, a report has found.

Lloyds TSB used data from the Land Registry to reveal that people selling properties in small urban areas with markets in England can ask for £30,000 more than other towns in the country.

This is a 14 per cent increase on the average home price for the rest of England, with the average value of a house in a market town coming in at £231,163.

Lloyds TSB's Martin Ellis said that properties for sale in market towns are often more expensive as they provide homebuyers with "quality of life benefits".

"Market towns are often particularly attractive for those looking to move into more idyllic surroundings without sacrificing many of the important amenities they currently enjoy," he stated.

One area that commands a particularly high price is Beaconsfield in Buckinghamshire with houses for sale in the area being sold for 145 per cent above the average price in the county.

Lloyds TSB also revealed earlier this summer that most properties for sale in university towns come in at higher prices than the average house value for the area.ADNFCR-1222-ID-800259778-ADNFCR

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