Living close to a supermarket can send house prices soaring, suggests new research
HOMES close to supermarkets are ringing up price premiums of £21,512, new research by Lloyds Bank on the so-called 'Waitrose effect' has found.
For people living near a Marks & Spencer store, their homes are worth an average £29,992 more than houses further away, followed by Sainsbury’s (£26,081) and even discount chains like Iceland (£22,767).
House prices close to an Aldi, Lidl, Morrisons or Asda have grown by an average of 11 per cent, or £21,400, since 2014.
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