Proximity to certain supermarkets and discounters can alter house prices, according to new research.
A Lloyds Bank report found that properties close to a Waitrose store were found to be worth almost 12 per cent more, while proximity to an Aldi store was found to cut houses prices by up to three per cent.
The report states that bing located near Sainsbury's increased prices by ten per cent, while houses near Tesco were worth eight per cent more.
For the study, researchers compared average house prices in several districts across the UK, from properties that are in close proximity to a supermarket and properties without a nearby store.
Andy Hulme, mortgage director at Lloyds, said: "It's easy to assume the effect of different factors on the value of a property but this research enables us to clearly see that there is a significant association between the convenience of a local supermarket and house prices."
"With homes in areas close to national supermarkets commanding an average of over £15.000 more than those in the surrounding areas, having a grocery shop within easy reach appears to be high on the list for homebuyers looking for good access to local amenities."
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