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England’s most and least expensive market towns revealed

By Vicky Shaw, PA Personal Finance Correspondent

Homebuyers face a typical premium of £33,000 to live in one of England’s market towns, according to analysis.

At £299,307 on average, house prices in market towns are 12% or £33,058 higher than is typical in the surrounding county, Lloyds Bank said.

The highest premium was found in Beaconsfield, Buckinghamshire, where homebuyers can expect to pay 162% (£679,577) more than the rest of the county, at £1,098,060 on average.

Andrew Mason, mortgage director, Lloyds Bank, said: “Market towns have a long-standing reputation for being packed with typical English charm – with cobbled streets, bustling market stalls and historic buildings all contributing to the appeal for many people looking to set up home.

“This popular lifestyle undoubtedly comes with a property premium – as much as double the county average in some hotspots – so those considering making a market town their home should consider how it compares with the relative value for money that alternative areas have to offer.”

The least expensive market town in the survey is Ferryhill in Durham, where the average property price is £91,153.

Here are the most expensive market towns in 2019, with the average house price, according to Lloyds Bank:

1. Beaconsfield, Buckinghamshire, South East, £1,098,060

2. Henley on Thames, Oxfordshire, South East, £811,388

3. Alresford, Hampshire, South East, £564,156

4. Midhurst, Sussex, South East, £537,684

5. Petersfield, Hampshire, South East, £525,316

6. Hertford, Hertfordshire, South East, £505,549

7. Hungerford, Berkshire, South East, £500,913

8. Lewes, Sussex, South East, £485,375

9. Ringwood, Hampshire, South East, £484,518

10. Altrincham, Greater Manchester, North West, £480,718

Here are the least expensive market towns, with the average house price, according to Lloyds Bank: 

1. Ferryhill, Durham, North, £91,153

2. Crook, Durham, North, £110,802

3. Immingham, Lincolnshire, Yorkshire and Humberside, £120,810

4. Stanhope, Durham, North, £141,098

5. Saltburn by the Sea, Durham, North, £154,112

6. Tickhill, Derbyshire, East Midlands, £154,980

7. Guisborough, North Yorkshire, Yorkshire and Humberside, £165,179

8. Cartmel, Cumbria, North, £176,013

9. Goole, East Riding, Yorkshire and Humberside, £178,979

10. Berwick-upon-Tweed, Northumberland, North, £180,901