Hertfordshire hotspot makes list of most expensive market towns

Hertford is one of the most expensive market towns in England. Picture: DANNY LOO

Hertford is one of the most expensive market towns in England. Picture: DANNY LOO - Credit: Picture: DANNY LOO

Hertford has been named among England’s most high-end market towns in a study by Lloyds Bank.

It came sixth on a list of 2019's 10 most expensive market towns, with an average house price of £505,549. The list was topped by Beaconsfield, Bucks, where the average home cost £1,098,060.

Hertford also came eighth in a countdown of the best performing market towns, with an average house price increase of 11 per cent between 2018-19. Hungerford in Berks topped that list, with a 21 per cent increase.

Hertford didn't take all the glory, however: Hitchin came fourth on the list of the market towns with the highest house price increases between 2009-19, up 75 per cent to £416,445. The biggest increase was in Faversham, Kent, at 82 per cent.

Lloyds used Land Registry data to track house price movement in 132 English market towns.

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Andrew Mason, Lloyds' mortgage director, said: "market towns have a long-standing reputation for being packed with typical English charm - with cobbled streets, bustling market stalls and historic buildings all contributing to the appeal for many people looking to set up home.

"This popular lifestyle undoubtedly comes with a property premium - as much as double the county average in some hotspots - so those considering making a market town their home should consider how it compares with the relative value for money that alternative areas have to offer."

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