Cheapest and most expensive market towns revealed
Written by News on 27/10/2018
Parts of the country are seeing property prices slow but for market towns, prices are rising by almost £1,000 a month.
House prices in market towns are £41,633 (17%) higher on average than the price of houses in the rest of their county, according to research by Halifax.
And houses in Beaconsfield in Buckinghamshire are at the top of the table, carrying a typical price tag of more than £1m – 158% more than the county’s average of £408,980.
With the beautiful Chilterns on the doorstep and London a commutable distance away, Beaconsfield was the most expensive market town the researchers looked at.
Henley-on-Thames, Oxfordshire, has an average house price of £838,206 and Alresford, Hampshire, is on £542,614.
But for those who do not want to spend quite as much on a house in a market town, Ferryhill in County Durham has average prices of £78,317.
Andrew Mason, mortgages product director at Lloyds Bank, said: “With house prices rising by almost £1,000 a month in the most popular market towns over the past five years, the value put on quality of life and curbside appeal is clear.
“Home buyers continue to be attracted to towns on the commuter belt into London and are prepared to pay extra to live there.
“For home buyers who are looking for market charm, but not necessarily needing to commute to London, the most affordable towns reside in Yorkshire, Lincolnshire and the North.”
:: The 10 most expensive market towns in England for home buyers according to Halifax, with the average house price:
1. Beaconsfield, South East £1,053,975
2. Henley-on-Thames, South East, £838,206
3. Alresford, South East, £542,614
4. Cranbrook, South East, £492,333
5. Petersfield, South East, £483,222
6. Thame, South East, £477,664
7. Lewes, South East, £460,671
8. Hertford, South East, £449,963
9. Saffron Walden, South East, £441,709
10. Marlborough, South West, £441,296
:: The 10 least expensive market towns in England for home buyers according to Halifax, with the average house price:
1. Ferryhill, North East, £78,317
2. Immingham, Yorkshire and Humberside, £115,765
3. Crook, North East, £115,975
4. Saltburn-by-the-Sea, North East, £142,849
5. Stanhope, North East, £146,126
6. Tickhill, East Midlands, £147,761
7. Guisborough, Yorkshire and Humberside, £153,966
8. Marsden, Yorkshire and Humberside, £155,439
9. Boston, East Midlands, £159,403
10. Berwick-upon-Tweed, North East, £165,437
(c) Sky News 2018: Cheapest and most expensive market towns revealed
