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Beaconsfield is the most expensive market town in England

A Buckinghamshire market town has the largest home price premium in the county with homes selling at more than £500,000 above the average.

The average premium for market towns compared to their county average is £24,766.

Beaconsfield is no exception, with homes in the market town selling more than the Bucks average, according to research by Lloyds Bank.

The town has the largest house price premium out of all market towns, with homes trading £501,648 above the county average.

Beaconsfield is also the most expensive English market town with an average house price of £822,753.

Petersfield in Hampshire (£402,216) and Cranbrook in Kent (£393,778) are the next most expensive market towns in England.

House prices in market towns have risen by an average of £505 per month in past decade

The average house price in market towns across England has risen by £60,586 or 34 per cent from £179,535 in 2004 to £240,121 in 2014.

This is equivalent to an average rise of £505 per month over the past decade.

There has also been a larger house price increase in market towns.

The biggest increase in prices over the past decade was in Ferryhill where the average price rose by 76% from £48,743 to £85,763.

Beaconsfield, came third with a 47 per cent increase.

Contrary to the decade as whole, it has been market towns in the south that have performed best in the past few years.

Beaconsfield recorded the largest price growth in the past five years (37 per cent).

The average price growth since 2009 for all market towns in the survey was 13 per cent.

Andrew Cronan, Head of Savills Beaconsfield sales, said: “The excellent range of schools and superb transport links back into central London that Beaconsfield offers have always helped fuel demand from buyers for property in town centre locations and this, in turn, has helped to keep prices in Beaconsfield and other town markets, strong.”

 

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