12 June 2018
Published: 11:47, 12 June 2018 | Updated: 12:21, 12 June 2018
The 'Waitrose effect': How living near a supermarket can add up to £43,000 to your house price (but just how much depends on the chain)
- Homes near a Waitrose cost £43,571 more than other houses in the wider town
- This is followed by properties close to a Marks & Spencer, which adds £40,135
- Homes found close to any major supermarkets cost £21,500 more that average
- Properties near Lidl, Aldi and Asda have risen in value by 15 per cent since 2013
Living near a supermarket isn't just convenient for picking up the milk and bread it seems, as new research shows it also boosts the value of your home by an average of £21,000.
The latest figures reveal the 'Waitrose effect' is as potent as ever, with homes in walking distance of the upmarket grocer earning the biggest added premium.
Homes in the same postal district as a Waitrose cost £43,571 more than those in the wider town they are situated in on average. This is followed by properties close to a Marks & Spencer, with a premium of £40,135, and Sainsbury's, at £32,707.
Despite the bigger premiums for those living near high-end grocers, the fastest risers were actually budget stores such as Lidl, Aldi, Morrisons and Asda.
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