Supermarket Nearby Increases Property Prices

[tali1]

We've all heard of this - but what is "close by" criteria ? one website said "walking distance" whilst this one says "within easy reach " and "Those living close" eg my nearest Waitrose is 3 miles -or 10 mins car drive

[bednobs]

i havent heard of it

[tonyav]

Saw this earlier and this link doesn't mention actual distance either,
https://www.msn.com/en-gb/money/homeandproperty/having-a-house-near-this-supermarket-can-boost-your-house-price-by-%C2%A343000/ar-AAyq3dL?li=AA64tF&ocid=U345DHP

[EDDIE51]

It's just one of many factors that affect house prices. Convenient travel / commuting links , good schools, good shopping facilities, social amenities . All count , Estate agents will mention anything that will get a higher price
In my opinion the opposite is probably more true. A house in the middle of nowhere with no shopping center in reach , may appeal to some but not to many, so lower price. My son for example lives in a small village with no shop of any sort. Even to buy a pint of milk means a 5 mile round trip,with no bus route. That is just a small shop in a petrol station. Supermarket is an 18 mile round trip,no bus again. He lived in another village before this one. But that had a
Co-op , two other shops a pub and a post office.

[fiction-factory]

Is it the supermarkets that cause property prices to increase- or just that Waitrose etc prefer to use locations in areas where property prices are bouyant

[Arrods]

"We've found this lovely house, but there's no Waitrose nearby so we're still looking."

[Old_Geezer]

I suspect there is no distance mentioned because there is no definite line. Right next to the supermarket could be a pain, but walking distance away would see the highest asking prices and increased value would fade out gradually over a few miles. 3 or 5 or more maybe.

[tali1]

Im sure they locate supermarkets based on where i live lol. Everyone is "around the area" -with Waitrose the furthest sitting on a gold mine! :)

[Baldric]

I would have thought Aldi and Lidl would have a detrimental affect on prices tbh ;o)

[Old_Geezer]

Au contraire. Posh shoppers go there and hope not to be seen ;-)