Living near an Asda could have this surprising effect on your house price

But it's not good news for Sainsbury's...

Nothing beats the luxury of being able to walk to the shops for a pack of biscuits during an ad break and not miss any of your favourite show. Other than making our 9 pm biscuit dreams come true, buying near a supermarket could have a surprising effect on your house price.

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Research by WeBuyAnyHome (opens in new tab) has revealed that living near some of the UK's favourite supermarkets could boost the value of a house. The study found a pattern between average house prices and the density of supermarkets.

However, surprisingly it was homes near one of the UK's favourite discount supermarket chains that attracted the highest premiums on the property. The study showed that the areas with the highest house prices were those with the highest density of Asda's.

supermarket

(Image credit: SOPA Images / Contributor/ Getty)

The chain is best known for offering value for money and low prices. However, it was found to be in the highest density in some of the most affluent places in the UK, such as Elmbridge, Mole Valley, Epsom and Windsor.

House prices in these areas generally range between £467,500 and £575,000. However, everyone loves to nab a bargain packet of chocolate digestives no matter what your house price.

If you'd also like to pick up a bargain when looking for a new home, consider looking near Sainsbury's or Tesco.

sofa with cushions and frame

(Image credit: Future PLC/Matt Antrobus)

'If you're wanting to invest in property in the west of the UK, you'll bag a bargain by investing near a Tesco and Sainsbury's,' says a spokesperson as WeBuyAnyHome.

'House prices are amongst the lowest in the UK with prices in the region of £86,000 and £117,000,' they add.

house with window

(Image credit: Future PLC/Lizzie Orme)

These results haven't focused on house prices in London. However, in London house prices are unsurprisingly found to be highest near Waitrose. This phenomenon has been nicknamed the 'Waitrose effect.'

However, sadly not of all of us can afford to shop in Waitrose, let alone invest in a property near one.

Related: How the General Election result will affect house prices, according to experts

Next time your house hunting consider snooping around the local supermarkets. If you spy an Asda you could be on track to make a tidy profit on your new home.

Rebecca Knight
Rebecca Knight

Rebecca Knight has been the Deputy Editor on the Ideal Home Website since 2022. She graduated with a Masters degree in magazine journalism from City, University of London in 2018, before starting her journalism career as a staff writer on women's weekly magazines. She fell into the world of homes and interiors after joining the Ideal Home website team in 2019 as a Digital Writer. In 2020 she moved into position of Homes News Editor working across Homes & Gardens, LivingEtc, Real Homes, Gardeningetc and Ideal Home covering everything from the latest viral cleaning hack to the next big interior trend.