PEOPLE wanting to live in a picturesque market town can only do so at a huge premium, research has found.
Researchers found that, typically, homeowners pay a premium of £14,000 to live in one of England’s market towns.
The report by Lloyds Bank found the average price of a house in Petersfield is a whopping £355,244 – the fifth most expensive market town in the country.
Families buying a home in a market town will pay £230,061 typically, which is six per cent more than the average house price across the country, but more than £125,000 less than Petersfield.
Marc Page, mortgages director at Lloyds Bank, said: ‘Market towns offer an excellent quality of life, with high levels of health and low crime and unemployment; they also tend to have higher levels of retired people and young couples without children. Market towns are seen as desirable places to live - small enough for people to feel included but large enough to remain private.’
Beaconsfield in Buckinghamshire is the most expensive at £861,371.