Banbury has been rated as one of the best places in Britain for families looking to buy a house in the country on a budget.
Anarticle published on the Telegraph’s website yesterday lists 11 ‘inbetweener’ towns ideal for buyers looking for the charm of a quaint market town without the eye watering price tag.
Banbury, described as “Leaminton Spa on a budget” sits at the top of the list, with average house prices of £271,444, on average more than £100,000 cheaper than Leamington Spa. Banbury is also praised for its “market town charm”, good schools and ease of access to London via commuter rail, which takes 50 minutes to London Marylebone and 40 to Birmingham New Street.
Other towns mentioned include Berkhamsted instead of Harpenden and Chesham, which is half the price of Beaconsfield.
Edward Cunningham, partner at Knight Frank Country, told the Daily Telegraph: “Buyers have often been governed by either commutability or affluent areas with excellent schooling when moving to the country. However, with the increase in Stamp Duty and the threat of a Mansion Tax, these criteria could become less important. We are likely to see more buyers consider new catchment areas that are perhaps less established but still offer wonderful lifestyles, great value for money and are good investments for the future.”
The figures are based on the average prices of detached properties last year using Land Registry figures and selected by Knight Frank.
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