Supermarkets boost house sale prices

House prices are significantly affected by how close they are to a supermarket, a survey has found.
Supermarkets are integral to our lives. Although there is report of the weekly grocery shop fading from our lives in favour for small, frequent shops at convenience stores and shopping for groceries online, it seems that access to a big, national chain is still important to our lives.
Lloyd’s Bank undertook research into the way house prices are affected by proximity to a superstore. They found that property value can be increased by over £15,000 when the trip to the shops is just a short walk or drive down the road.
The survey compared prices of houses for sale in similar postal districts that either did or didn’t have a supermarket nearby.
Waitrose was found to boost the house prices the most, causing a 12 per cent increase (up to £38,831) to house prices compared to areas without one in the area, Sainsburys caused a 10 per cent (£24,507) boost, and Tesco eight per cent (£17,124).
“With homes in areas close to national supermarkets commanding an average of over £15,000 more than those in the surrounding areas, having a grocery shop within easy reach appears to be high on the list for homebuyers looking for good access to local amenities.”