Everyone knows the old term about choosing a valued property worthy of an investment: location, location, location. Those properties that offer convenience to vacation spots, schools, markets, and high population work areas are the ones most likely to find quick buyers at premium costs. A recent study has found that being conveniently located close to one particular store can have an impact on your house value.

Lloyds Bank studied average house prices in different postal distracts that are near chain supermarkets to see how they compare with other properties in the same postal codes. The results found that having a Waitrose nearby increased property values by £38k or 12% more. Properties near Sainsbury had values 10% or £24,506 added value than other homes in the same postal codes. Tesco offered properties an 8% increase or £17,125, while Marks and Spencer offered a 7% or £18,786 increase.

Properties that were located near discounted stores Aldi and Lidl were found to suffer a lower value compared to other properties within the same postal code. Homes near an Aldi had house prices that were 3% or £5,910 less, while those near a Lidl cost 2% less or £4,719 less than other homes in the same postal code.

While the data was revealing it can be misinterpreted to some point as perhaps those markets target specific areas that would already have such home values. Their target customer areas may match the specific house price growths due to other retail companies within the area and an already higher valued living area due to other conveniences.