Having a Waitrose within walking distance is not only convenient – it also means your house is worth more , according to a study . Homes with the upmarket store nearby cost 12 per cent more – or £38,831 – than those in surrounding areas that weren ’ t near a branch . 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 . Homes with a Waitrose nearby cost 12 per cent more – or £38,831 – than those in surrounding areas that weren ’ t near a branch . But having a budget shop nearby means your house could sell for less . In a study published today , Lloyds Bank investigated average house prices in postal districts that have chain supermarkets nearby , to see how they compared to the wider postal region . Houses in areas with a Waitrose cost an average of £354,378 – which was £38,831 ( 12 per cent ) more than typical prices for their regions . Sainsbury ’ s also delivered a big boost to residents , as properties near the store were worth 10 per cent more ( £24,506 ) than ones in the surrounding area that weren ’ t near a branch . The price of having a supermarket on your doorstep : Waitrose scores highest - and Aldi the lowest . Tesco came in next , with a price premium of 8 per cent ( £17,125 ) , followed by Marks & Spencer , on 7 per cent ( £18,786 ) . 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 . And houses close to a Lidl cost 2 per cent ( £4,719 ) less . 'It was mainly the views that attracted us to the property ' Meanwhile houses near several different stores enjoyed the highest price premiums . Researchers found that homes in Clifton , Bristol – which enjoy access to a Waitrose , a Sainsbury ’ s and a Co-op – cost £392,961 on average . This is 64 per cent ( £153,488 ) more than in nearby areas . 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 . Waitrose has carefully cultivated its upmarket image , proving popular with middle and high income families . But the research raises the question of whether a neighbourhood already had more expensive homes – encouraging the store to build a branch near its target customers – or if it was the store ’ s presence that boosted the area . 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 .
Homes with Waitrose nearby cost 12 % more than those not near a branch . Study found houses cost £153,488 more than homes without the shop . But having budget store like Lidl nearby means house could be worth less .