Living close to a discount store such as Lidl can increase the price of your property by almost £30,000, according to research released today.
Research by online estate agents Housesimple.co.uk looked at the location of Lidl supermarkets in some of the major towns and cities across the UK and found that, in 80 per cent of cases, the average property price in the retailer’s postcode was higher by almost £29,000.
For example, according to Housesimple.co.uk figures, the average house price in the Reading postcode RG45, which has a Lidl supermarket, is £447,428. This compares to the neighbouring postcode RG12, which doesn’t have a Lidl, where average house prices are £274,381.
Alex Gosling, Housesimple.co.uk managing director, said: “There’s no longer a stigma attached to shopping at budget supermarkets like Lidl and Aldi, and that is clearly reflected in average house prices.”