The joys of living in market towns come at a price

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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.