article_snippet.sent: it also means your house is worth more, according to a study.
article_snippet.sent: But having a budget store such as an Aldi or Lidl on your doorstep means your house could be worth thousands of pounds less than others in your neighbourhood.
article_snippet.sent: But having a budget shop nearby means your house could sell for less .
article_snippet.sent: In a study published today, Lloyds Bank investigated average house prices in postal districts that have chain supermarkets nearby, to see how average house prices in postal districts that have chain supermarkets nearby compared to the wider postal region.
article_snippet.sent: Sainsbury’s also delivered a big boost to residents, as properties near the store were worth 10 per cent
article_snippet.sent: But the presence of an Aldi nearby was associated with house prices that were 3 per cent (£5,910) lower compared to the wider postal region.
article_snippet.sent: And houses close to a Lidl cost 2 per cent (£4,719) less. '
article_snippet.sent: It was mainly the views that attracted us to the property' Meanwhile houses near several different stores enjoyed the highest price premiums.
article_snippet.sent: And homes in Didsbury, a suburb in Manchester that boasts an Aldi, a Co-op and a Tesco, typically cost £239,595, which is 61 per cent or £91,096 more than houses in the surrounding area.
article_snippet.sent: But the research raises the question of whether a neighbourhood already had more expensive homes – encouraging the store to build a branch near a neighbourhood target customers
article_snippet.sent: Similarly, Aldi and Lidl, who have become popular as budget rivals to the big chains, have managed to keep prices low by locating branches in areas that were already cheaper, such as on the edge of towns.
highlights_snippet.sent: But having budget store like Lidl nearby means house could be worth less .