Lloyds Bank has released data revealing the most affordable and most expensive market towns in England. The study shows that the north of England offers the best value, with four of the ten cheapest market towns located in County Durham.
Ferryhill in Durham tops the list with an average house price of just £78,184. Other affordable towns in the county include Crook (£115,659), Stanhope (£142,535), and Saltburn (£144,717). The report also highlights that buying in a market town typically costs a premium of £30,788 compared to similar properties elsewhere in the same county.
At the other end of the scale, Beaconsfield in Buckinghamshire is the most expensive market town, with an average house price of £1,049,659—161 per cent higher than the rest of the county. Wetherby in West Yorkshire (£366,873) and Henley-on-Thames in Oxfordshire (£831,452) complete the top three.
Overall, the average house price in an English market town is £280,690, which is 7.9 times average earnings. Property values in market towns are on average 12 per cent higher than the county average.
