Convenience is a top priority for Brits when they’re moving house, with many willing to pay more for better access to local amenities. However, the more variety and ease of access properties provide, the more often they come with a higher cost, leaving buyers choosing between price and place.
This report examines property and proximity data to reveal which towns and cities are best at balancing property affordability and access to local facilities.
Quick summary from My Home Move Conveyancing’s Cost of Proximity research
My Home Move Conveyancing’s Cost of Proximity research analysed NHS, Rightmove, supermarket and government school data to determine which locations had the most amenities per capita, then weighted each category to find out which location is the best value for money.
Bolton topped the rankings as the best value for money with access to services, driven by low property prices at just £275,974.27 for a home within a half-mile radius of the centre and high per capita amenity availability.
Buyers in Brighton are deemed to get the least value for money when it comes to amenities, as buyers often pay a premium for the location while facing growing pressure on local amenities.
The top ten value for money areas consist mainly of smaller northern towns and cities, driven by lower property prices and more choice for buyers.
Every year, more than 2.1 million people move across the UK in search of their dream home. For many, the ‘dream’ means more green space or extra square footage as people upsize. However, for a growing number of movers, local infrastructure is a primary driver.
One in six (15%) now move to secure a better school catchment area, while over one in five (22%) cite local facilities - including being close to shops and healthcare services - as a top priority when house hunting.
However, access to these services can come with a hidden ‘convenience cost’. Relocating to a better school catchment area can add up to 8% onto the property’s price tag. Similarly, proximity to supermarkets can dramatically inflate house values. Past studies found that a local mid-sized Waitrose can add as much as 11.1% to private rental prices, so it’s easy to assume the same is true for privately owned properties.
However, in many fast-growing towns and cities across the UK, residential development is outpacing infrastructure growth, adding mounting pressure to local amenities.
For example, in high-demand commuter hubs along the Elizabeth Line, residents have faced new rapid residential development. Without these cities and towns keeping pace, residents may need to travel further afield for their weekly shop and face a longer wait for GP appointments.
While the government’s 10 Year Infrastructure Plan aims to bridge the gap, some UK cities are under more pressure than others.
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