There are three supermarkets in the small market town where I live. That’s three major chains serving just 14,000 people, not to mention another five within a four-mile radius. So when Sainsbury’s lodged planning permission to build a fourth outlet within spitting distance of the existing shops, local people had had enough. Objections were launched and Sainsbury’s withdrew its bid.
Now I’m wondering if the people of my Northern town made a mistake. According to new research from Lloyds Bank, homes located close to a Sainsbury’s are likely to command around £26,000 more than other properties. Of course, that’s a national average and, given house prices in the North, homes in my neck of the woods wouldn’t benefit from that kind of premium. Still, it’s something to think about.
Lloyds found that homes within easy reach of a local supermarket are, on average, £21,512 higher than in nearby areas.
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