This surprising factor could add £40 000 to the value of your home - YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Sign in Welcome!Log into your account Forgot your password? Password recovery Recover your password Search Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Home Life This surprising factor could add £40 000 to the value of your home By You Magazine - June 14, 2018 It’s official – the ‘Waitrose effect’ is real, as new research has confirmed that living near a good supermarket can add upwards of £40,000 to the value of your home. The figures, released by Lloyds Bank, show that being in close proximity to a Waitrose adds an average of £43,571 to the value of your home, while a Marks & Spencer adds a premium of around £40,135 to a property. Sainsbury’s was shown to be the third most desirable store on the list, elevating the value of a property by an estimated £32,707. Getty Images However, it’s not just the upmarket supermarkets that can make a residence more attractive (and expensive) to prospective buyers. Being within a stone’s throw of a more affordable supermarket – particularly increasingly popular German imports like Aldi and Lidl – can also ramp house prices up. Well, we all love a bargain Jo Malone-esque candle, don’t we? MORE: This is how much empty nesters can earn if they downsize To generate the data, Lloyds compared average house prices in a town with a supermarket with average prices of homes with the same postcode. They found that while the increase for cheaper supermarkets isn’t quite as significant, a nearby Morrisons raises the value of a home by £11,346, while a Lidl generates around £5,411, an Aldi £2,301, and an Asda £1,487. Getty Images Andy Mason, Lloyds Bank mortgages director, said of the company’s findings: ‘It’s easy to assume the effect of different factors on the value of a property but this research clearly shows that there is a significant link between the convenience of a local supermarket and house prices.’ ‘The Waitrose factor has been known for some time and although the likes of Aldi can’t yet boost house prices in quite the same way, the research shows that all stores are now having a positive effect on local property prices.’ RELATED ARTICLESMORE FROM AUTHOR Everything we know about The Crown season 5 Aldi s exercise equipment is on sale with up to 50% off The best Halloween events for 2022 across the UK Popular in Life The You magazine team reveal their New Year s resolutions December 31, 2021 Susannah Taylor The TLC tools your body will love January 23, 2022 How to stop living in fear February 6, 2022 Susannah Taylor My pick of the fittest leggings February 27, 2022 Women’ s Prize for Fiction 2022 winner announced June 17, 2022 These BBC dramas are returning for a second series June 30, 2022 Susannah Taylor gives the lowdown on nature s little helper – CBD April 17, 2022 The baby names that are banned across the world April 27, 2022 The Queen has released her own emojis May 26, 2022 Sally Brompton horoscopes 27th June-3rd July 2022 June 26, 2022 Popular CategoriesFood2704Life2496Fashion2240Beauty1738Celebrity1261Interiors684 Sign up for YOUMail Thanks for subscribing Please check your email to confirm (If you don't see the email, check the spam box) Fashion Beauty Celebrity Life Food Privacy & Cookies T&C Copyright 2022 - YOU Magazine. All Rights Reserved