Lewes named as second most expensive market town in England

Lewes property SUS-150809-111119001

Lewes property SUS-150809-111119001

0
Have your say

Lewes has been named as the second most expensive market town in England, according to Lloyds Bank.

With an average house price of £408,641, Lewes came second only to Beaconsfield in Buckinghamshire, where the average home costs a huge £997,222. Midhurst was in third with an average house price of £403,893.

Experts from Lloyds Bank compared house priced in 113 market towns across the country with those in their surrounding areas.

The study found that prices in market towns were, on average, 11 per cent more expensive than values in the surrounding areas - the equivalent of £23,938.

On average, house prices in market towns have increased by £460 every month over the last decade, the study found.

A £55,179, or 28 per cent, increase in the typical price of a property in an English market town since 2005 means a buyer will pay around £250,686 for a home.

Andy Mason, mortgages director at Lloyds Bank, said: “Homes in market towns typically command a significant premium over their neighbouring towns.

“The quality of life benefits often associated with living in such locations are still proving popular among home buyers. Market towns are often particularly attractive for those looking to move into more idyllic surroundings without sacrificing many of the important amenities they currently enjoy.”

Lloyds Bank used Land Registry figures for the study.

Don’t miss out on all the latest breaking news where you live.

Here are four ways you can be sure you’ll be amongst the first to know what’s going on.

1) Make our website your homepage at www.sussexexpress.co.uk/

2) Like our Facebook page at www.facebook.com/pages/Sussex-Express/

3) Follow us on Twitter @sussex_express

4) Register with us by clicking on ‘sign in’ (top right corner). You can then receive our daily newsletter AND add your point of view to stories that you read here.

And do share with your family and friends - so they don’t miss out!

The Sussex Express - always the first with your local news.

Be part of it.